This means extra wind, solar and other renewable technologies equivalent to the entire electricity system of India being built by 2026, on top of last year’s projections.For the main scenario in its latest report, the agency estimates that an extra 424GW of renewables capacity will now be built over this five-year period, roughly equivalent to the entire power capacity of India.It states: “First, high fossil fuel and electricity prices resulting from the global energy crisis have made renewable power technologies much more economically attractive, and, second, Russia’s invasion of Ukraine has caused fossil fuel importers, especially in Europe, to increasingly value the energy security benefits of renewable energy.” The most consequential policies have been implemented in the EU, US, China and India.Overtaking fossil fuels As the chart below shows, the IEA expects solar capacity to overtake all other sources of electricity over the next five years.Despite this increase over the next five years, the new increase in renewables is still not aligned with the IEA’s updated net-zero scenario, which sees renewables producing 61% of all electricity by 2030."