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Global Power Demand to Rise in 2026 and 2027, Renewables Outpace Coal in Power Generation: IEA Report

Global electricity demand is projected to grow 3.6% in 2026 and 3.8% in 2027, the International Energy Agency said.

  • The International Energy Agency reported yesterday that global electricity demand will rise faster in 2026 and 2027 than in 2025, growing by 3.6% and 3.8% respectively.
  • Renewable energy generation will outpace coal in 2026 after reaching parity last year, with renewable electricity's share of the global mix rising from 33% in 2025 to 37% by 2027.
  • EIA data projects solar, wind, and battery storage will add about 83.0 gigawatts of new generating capacity by May 31, 2027, while fossil fuel and nuclear power capacity falls by almost 4.7 GW.
  • The Nino weather pattern may reduce hydropower and wind generation, especially in Latin America and Southeast Asia, forcing nations to rely more on coal and gas to prevent shortfalls.
  • Despite roadblocks from the Trump Administration, Ken Bossong, executive director of the SUN DAY Campaign, noted that growth in solar and wind is accelerating, proving "one cannot stop an idea whose time has come.
Insights by Ground AI

11 Articles

Lean Left

Disruptions in gas supplies have forced some countries to use more coal, but renewables are expected to overtake coal for the first time this year.

·Ljubljana, Slovenia
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Center

Coal-based electricity production increased in 2026 due to geopolitical tensions in the Middle East, while renewable energies continued to rise.

·France
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newstarget.com broke the news on Thursday, July 23, 2026.
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