Global renewables capacity will grow by over 1.4TW in the period to 2029, accounting for two-thirds of total net capacity additions in the global power sector and led by solar, according to a forecast from Fitch Solutions. Fitch said it expects Asia Pacific to dominate growth and add 805GW during the period from 2019 to 2029, with China capturing 508GW of the region’s capacity additions. “Our strong outlook for the market is underpinned by the Chinese government’s push to reduce costs and drive the sector to be subsidy free, enabling power sector parity.”
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