Renewable energy is experiencing significant growth driven by technological advancements, supportive policies, and a global push for sustainability. Solar photovoltaic (PV) and wind energy, both onshore and offshore, are leading this transition, with forecasts indicating a substantial increase in investment, expected to reach $657.16 billion by 2030. The global installed capacity of renewable energy is projected to surge to 11.2 terawatts by 2035, underscoring the expanding role of renewables in the global energy mix. This expansion in the power sector highlights the increasing prevalence of renewable solutions and their critical role in achieving a sustainable energy future.

Elsewhere in the market, ACWA Power was a notable mover up 6.9% and finishing the session at SAR262.00. At the same time, Posco International softened, down 7.7% to finish the session at ₩50,400.

Posco International’s joint venture in India’s premium automotive steel market presents a compelling growth avenue amidst rising electric vehicle demand. Click to explore the full narrative on Posco International.

Don’t miss our Market Insights article titled “Opportunities In The Turbulent Transition To Greener Energy”, uncovering urgent investment opportunities amid a challenging energy transition landscape.

• Tesla finished trading at $329.13 up 1.2%.

• Chevron ended the day unchanged at, $146.03.

• First Solar ended the day unchanged at, $175.25.

• Unlock more gems! Our Energy Transition Stocks screener has unearthed 155 more companies like WEG, Swiss Re and Eversource Energy for you to explore.

• Curious About Other Options? The end of cancer? These 23 emerging AI stocks are developing tech that will allow early idenification of life changing disesaes like cancer and Alzheimer’s.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St

• “Renewable Energy Strategic Intelligence Report 2025: Capacity to Surge to 11.2TW by 2035, Driven by Solar and Wind” from Research and Markets on GlobeNewswire (published 16 June 2025)