Renewable energy projected to become top electricity source by 2026

The International Energy Agency (IEA) reports that renewable energy sources, including solar, wind, and battery storage systems, are projected to become the largest source of electricity production between 2026 and 2027. This shift is driven by the need to meet rising global energy demand and provide energy security amidst geopolitical volatility.

In 2026, major economies saw a decrease in liquefied natural gas (LNG) utilization due to external factors such as the closure of the Strait of Hormuz, which caused price fluctuations and scarcity. While some regions in Asia and Europe temporarily turned to coal due to its accessibility and stability, renewables are increasingly being used to diversify electricity supplies and mitigate external pressures.