Renewable energy deployment is experiencing accelerated growth. Global investment in power generation reached a record high of $961.45 billion in 2024, up from $856.14 billion in 2023. The renewable energy sector led this investment surge, with solar photovoltaic (PV) and wind energy accounting for $589.74 billion. Solar and wind energy demand is increasing globally, primarily due to decreasing costs and supportive regulations. They are essential for the energy transition, as their deployment is crucial for achieving higher levels of clean electrification.

• How will the unprecedented growth in clean energy installations along with substantial solar and battery resources help alleviate grid challenges during extreme weather events and periods of high electricity demand and pave the way for growth?
  
• How will the share of solar PV and wind energy in the power investment mix impact the growth potential of the power and distributed energy space?
  
• What are the growth opportunities emerging due to the efforts of policymakers, regulators, and system operators recognizing the multiple roles of renewables?