Renewable energy accounted for over 90% of new power generation capacity in 2025, international agency reports

Explanation

In July 2026, the International Renewable Energy Agency (IRENA) released its latest report analyzing global power generation costs. According to the report, more than 90% of the power generation capacity newly built worldwide in 2025 was renewable energy such as solar and wind power. Moreover, in many regions, the cost of generating electricity from renewable energy has become cheaper than from thermal power. IRENA predicts that the cost of renewable energy will continue to fall further through 2035.