Q3 Global Power Report: No fossil fuel growth expected in 2025

China made up more than half of the Q1-Q3 solar power growth at 280 TWh (+44% year-on-year growth), ahead of the US (+71 TWh, +30%) and the EU (+52 TWh, +20%).

For wind power, changes were also largely driven by China, with a 102 TWh (+14%) increase, compared to smaller increases in the US and other economies, which offset a moderate fall in the EU.

Nuclear power increased by 30 TWh (+9.3%) in China, with only minor changes elsewhere.

Hydro generation declined across the globe as a result of less favourable conditions, with India as the notable exception among larger power sectors. In the EU, conditions reverted back to lower levels after high output in 2024.

There were minor fossil generation increases in the EU, due to unfavourable weather conditions for hydro and wind power, and in the US, where demand growth remained high. These were balanced out by falls in China (-52 TWh, -1.1%) and India (-34 TWh, -3.3%), marking a remarkable reversal of the previous steady fossil generation growth in Asia’s largest economies.