Clean Power will compete in a market of exceptional breadth and depth globally. More than $20.2 trillion will need to be invested to meet worldwide energy demand by 2030, and more than half of this total, $11.3 trillion, is needed to expand electric production to meet worldwide demand.
Renewable energy sources have a growing importance in the global energy strategy. In the global electricity mix in 2030, renewables could supply over 25% of total electricity while this share was 18% in 2004. In absolute terms, renewable energy becomes the second largest source of electricity after coal. The explosive growth of the renewable energy sector, valued in the trillions, is the market that Clean Power will enter.