News Summary

• Investor sentiment, judging by the size of two new funds, remains strong.
• Since 2014, large LPs like pension funds and endowments have committed nearly $1 trillion to the energy transition.
• Renewable capacity worldwide is expected to double by 2030, led by solar installations in China, India, the EU, and Subsaharan Africa.
• Analysts at DNV expect that renewables will provide 65% of the world’s electricity by 2040 and nearly all of it by 2060.