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• Renewables Meet New Demand: Between January and September, the increased generation from solar and wind sources collectively grew fast enough to more than offset all new global power demand.
• Solar’s Contribution: Solar generation provided the largest share, increasing to meet demand.
• Fossil Fuel Plateau: This clean energy surge is causing the consumption of fossil fuels for electricity to flatten; fossil fuel generation dropped slightly compared to the previous year.
• Historical Parallel: This trend is projected to result in no notable growth in fossil fuel generation for the entire year, a stagnation last seen during the height of the Covid-19 pandemic.
• Explosive Demand Forecast: Global electricity demand is expected to expand rapidly in the coming decade, driven by several major factors:
  • Increased need for air conditioning due to global warming.
  • The creation of massive, power-hungry data centers.
  • Widespread electrification of transportation, industry, and homes.
• IEA Projection: The International Energy Agency predicts that global power demand will rise by a staggering 40% over the next ten years.
• Inaccurate Forecasts: Long-term predictions for clean energy growth have historically been too conservative, consistently underestimating the growth of solar in particular.
• Goal Requirement: For the global power sector to achieve true decarbonization, carbon-free energy must not simply keep pace with demand but far exceed it, making continued overperformance by solar and wind essential.