The global renewable energy capacity is expected to exceed 4,770 GW between 2026 and 2031, with China leading the expansion, followed by India, according to the International Energy Agency (IEA). China is expected to account for 53% of the global renewable energy capacity growth during 2026–2031, retaining its position as the world’s largest renewable energy market.
According to the IEA, India will become the second-largest contributor to global renewable energy expansion over the same period. Meanwhile, the Association of Southeast Asian Nations (ASEAN), the Middle East and North Africa (MENA), and sub-Saharan Africa are also accelerating their renewable energy development, collectively tripling their growth rate.
India Gains Momentum in Renewable Energy Growth
As China’s share of global renewable energy capacity growth gradually declines, India is emerging as an increasingly important market for renewable energy investments and development. As reported by thehindubusinessline.com, the shift highlights India’s growing contribution to the global clean energy transition and strengthens its position as a major driver of renewable energy expansion through 2031.
