viewNextEnergy Solar Fund

Solar power poised for years of growth predicts International Energy Agency

Solar PV capacity will grow by an average 12% a year, the IEA forecasts

solar panels
Wind and solar are on the rise

The sun is set to shine on the solar power industry for years to come, according to the latest research from the International Energy Agency.

In a prediction in its latest annual World Energy Outlook, the IEA said renewable energy will overtake coal as the primary source of electricity generation by 2025.

By 2030, it predicts solar photovoltaic (PV) and wind power will account for about 30% of capacity compared to 8% last year.

Solar PV capacity will be especially strong and grow by an average 12% a year, the IEA forecast in the report.

“Based on today’s policy settings, it is on track to set new records for deployment every year after 2022,” said IEA executive director Fatih Birol.

Tumbling costs of production have driven the rise in solar power said the IEA, making it a cheaper option than coal or gas in many countries.

The agency noted that renewables were the only source of energy that continued to grow in 2020 adding that if even stricter carbon emission targets were introduced solar might grow even quicker.

However, the switch to renewable generation has yet to see carbon emissions drop and the IEA warned that investment will be needed in grid networks to handle the growth.

There are several London-listed solar energy funds available to investors, including NextEnergy Solar Fund Ltd (LON:NESF), Bluefield Solar Income Fund Ltd (LON:BSIF), Foresight Solar Fund Ltd (LON:FSFL) and US Solar Fund PLC (LON:USF).

Quick facts: NextEnergy Solar Fund

Price: 106.8 GBX

Market: LSE
Market Cap: £625.58 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of NextEnergy Solar Fund named herein, including the promotion by the Company of NextEnergy Solar Fund in any Content on the Site, the Company...


NextEnergy Solar Fund present interim results 2020

NextEnergy Solar Fund Limited (LON:NESF) present their interim results with Michael Bonte-Friedheim. The renewable power generator’s electricity production was 11.1% above budget helped by above-average irradiation and by having most of its received power prices fixed. Bonte-Friedheim...

4 days, 14 hours ago

2 min read