Skip to main content

Blue top nav

  • Careers
  • News
  • Submit RFP
Home

Main navigation desktop

  • What we offer
      • Explore RSM's solutions and services

        Audit and assurance Tax & Zakat services Consulting Business valuation Corporate recovery Financial advisory
        Legal advisory Outsourcing Wealth management Cybersecurity Advisory Data Advisory Services Governance, Risk, and Compliance (GRC) Platform
        PDPL Advisory Services Sustainability Technology Risk Services Transaction Advisory Services Arabia for Training
        Energy Financial services
        Manufacturing Private equity
        Real estate and construction Retail/consumer products
  • Insights
      • Explore RSM's insights

      • View all Global insights

        Insights

        The latest global insights and knowledge from RSM, to help you move forward with confidence. Explore cutting-edge analysis and forward-thinking perspectives on the key issues facing businesses and organisations around the world.

        Environmental, Social and Governance Finding opportunity in change
        The RSM Client Commitment RSM Global Blog
  • About RSM
      • About RSM

      • Our values
        • About us
          • Transparency Report 2024
          • Transparency Report 2023
          • RSM Saudi Transparency Report 2025
        • Offices
          • Riyadh Office
          • Jeddah Office
          • AlKhobar Office
        Careers
  • Careers
  • News
  • Submit RFP

Blue top nav

  • Careers
  • News
  • Submit RFP
Home

Main navigation mobile

  • What we offer
    • Explore RSM's solutions and services

    • By service
      • Audit and assurance
      • Tax & Zakat services
      • Consulting
      • Business valuation
      • Corporate recovery
      • Financial advisory
      • Legal advisory
      • Outsourcing
      • Wealth management
      • Cybersecurity Advisory
      • Data Advisory Services
      • Governance, Risk, and Compliance (GRC) Platform
      • PDPL Advisory Services
      • Sustainability
      • Technology Risk Services
      • Transaction Advisory Services
      • Arabia for Training
    • By industry
      • Energy
      • Financial services
      • Manufacturing
      • Private equity
      • Real estate and construction
      • Retail/consumer products
  • Insights
    • Explore RSM's insights

    • View all Global insights
      • Insights

        The latest global insights and knowledge from RSM, to help you move forward with confidence. Explore cutting-edge analysis and forward-thinking perspectives on the key issues facing businesses and organisations around the world.

    • Global insights
      • Environmental, Social and Governance
      • Finding opportunity in change
      • The RSM Client Commitment
      • RSM Global Blog
  • About RSM
    • About RSM

    • Experience The Power of Being Understood
        • About us
        • Transparency Report 2024
        • Transparency Report 2023
        • RSM Saudi Transparency Report 2025
        • Offices
        • Riyadh Office
        • Jeddah Office
        • AlKhobar Office
      • Careers
    • Our values
  • Careers
  • News
  • Submit RFP

Breadcrumb

Home

PRINT SHARE
LinkedinLinkedinXFacebookFacebookEmailEmail
Moremore

Arabia for Training Insights


Renewable Energy: Driving Global Sustainability and a Greener Future

In recent years, renewable energy transformations—foremost powered by solar and wind technologies—have reshaped the global energy paradigm. According to IRENA (2024), 473 gigawatts (GW) of renewable capacity were added in 2023, accounting for 86% of all new power generation capacity worldwide. This momentum continued into 2024, with a record annual addition of 582 GW, including 452 GW from solar photovoltaics alone (IRENA, 2024). These impressive figures highlight the accelerating shift toward clean energy, enabled by cost reductions and policy support. Yet this expansion still falls short of the ambitious goal to triple renewable capacity by 2030, signalling the need for intensified global commitment (IEA, 2024a; IRENA, 2024).

The true potential of renewable energy, however, lies not only in large-scale deployment but also in its strategic integration with innovations such as artificial intelligence (AI). A comprehensive literature survey illustrates how AI enhances renewable energy forecasting, grid optimization, and system flexibility—key enablers for sustainable energy management (ArXiv, 2024; Sage Journals, 2024). Complementing this, a recent estimate of the global AI in renewable energy market found that it reached US $0.85 billion in 2024 and is projected to surpass US $4.85 billion by 2032, growing at a CAGR of 24.3% (DataMintelligence, 2024).

One striking example of AI-driven innovation comes from a U.S. research model leveraging AI for forecasting solar, wind, and hydroelectric power production. By using techniques like gradient boosting and support vector machines, the study achieved highly accurate predictions, enabling grid operators to manage capacity more effectively (ResearchGate, 2024). Such AI-powered systems are transforming renewable planning and demonstrating the synergy between technology and sustainable energy transitions.

The leadership of the energy transition is also evident in policy and investment trends. The IEA (2024b) forecasts that between 2024 and 2030, the world will add more than 5,500 GW of renewable capacity, bringing renewable energy to meet around half of global electricity demand by 2030. However, this still falls short of the COP28 goal to triple global renewable capacity—underscoring the gap between ambition and reality (IEA, 2024a).

The dynamics of electricity generation further underscore renewable progress. In 2023, renewables accounted for approximately 30% of global electricity generation. That share is projected to climb to 35% by 2025, with combined solar and wind generation expected to surpass hydropower—marking a pivotal milestone in the energy transition (IEA, 2024c).

Yet, harnessing this potential requires not only innovation but systemic change. The IEA (2024d) emphasizes the need for approximately 15% annual expansion in renewable supply from 2024 to 2030 to align with its NetZero Emissions (NZE) Scenario. Despite record capacity additions, the actual rate remains insufficient. Enhancing flexibility through demand response and smart grid technologies is vital. These systems allow electricity demand to shift to periods of abundant renewable generation, easing strain on the grid (IEA, 2024e).

Steering these transformations are leaders in the energy sector. In a 2025 global survey, over half of around 1,500 senior business leaders across 15 countries planned to relocate operations within five years to regions with better renewable access. A remarkable 93% considered investing in onsite renewable facilities, and over 75% supported achieving a renewables-based electricity system by 2035 or sooner (Financial Times, 2025).

In this era, renewable energy leadership must combine technical acumen with strategic vision. Investments, forecasting, and smart infrastructure development must be rooted in technological innovation and grounded in the goal of equitable, climate-aligned progress. The data charts the path, but coordinated global action and leadership give it meaning. A leader focused solely on capacity numbers may achieve growth—but only through intentional alignment with human and environmental values can that growth be sustainable and trusted.

References

  • IRENA (2024). Renewable Capacity Statistics 2024.
    Retrieved from: https://www.irena.org/Statistics/View-Data-by-Topic/Capacity-and-Generation
  • IRENA (2024). Renewables 2024 – Executive Summary.
    Retrieved from: https://www.iea.org/reports/renewables-2024/executive-summary
  • IEA (2024b). Massive global growth of renewables to 2030.
    Retrieved from: https://www.iea.org/news/massive-global-growth-of-renewables-to-2030-is-set-to-match-entire-power-capacity-of-major-economies-today-moving-world-closer-to-tripling-goal
  • IEA (2024c). Electricity Mid-Year Update July 2024.
    Retrieved from: https://www.iea.org/reports/electricity-mid-year-update-july-2024/executive-summary
  • IEA (2024d). Renewables – Energy System.
    Retrieved from: https://www.iea.org/energy-system/renewables
  • IEA (2024e). Demand Response in Renewable Systems.
    Retrieved from: https://www.iea.org/energy-system/energy-efficiency-and-demand/demand-response
  • ArXiv (2024). Present and Future of AI in the Renewable Energy Domain.
    Retrieved from: https://arxiv.org/abs/2406.16965
  • Sage Journals (2024). AI applications in renewable energy. Retrieved from:
    https://journals.sagepub.com/doi/10.1177/0958305X241256293
  • DataMintelligence (2024). AI in Renewable Energy Market Size Report.
    Retrieved from: https://www.datamintelligence.com/research-report/ai-in-renewable-energy-market
  • ResearchGate (2024). Forecasting Renewable Energy Trends in the USA – AI-Driven Analysis. Retrieved from: https://www.researchgate.net/publication/392733069_Forecasting_Renewable_Energy_Trends_in_the_USA_An_AI-Driven_Analysis_of_Electricity_Production_by_Source
  • Financial Times (2025). Companies plan shift to green energy.
    Retrieved from: https://www.ft.com/content/5864c771-be80-459e-81b2-71133f31aa77
Play icon

In order to watch this video please
click here and enable 'Functional Cookies' or select 'Allow all' cookies.
Thank you

Footer RSM social logo
The power of being understood - Audit | Tax | Consulting

Follow RSM

Our services

+
    • Arabia for Training
    • Audit and assurance
    • Business valuation
    • Consulting
    • Corporate recovery
    • Cybersecurity Advisory
    • Data Advisory
    • Financial advisory
    • Intelligent Governance, Risk & Compliance (GRC) Platform
    • Legal advisory
    • Outsourcing
    • PDPL Advisory Services
    • Sustainability
    • Tax & Zakat services
    • Technology Risk
    • Transaction Advisory
    • Wealth management

RSM Worldwide Locations

+
    • Africa
    • Asia Pacific
    • Europe
    • Latin America
    • MENA
    • North America

RSM Links

+
    • RSM log-in
  • Legal - RSM Allied Accountants

    RSM Allied Accountants is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network.

    Each member of the RSM network is an independent accounting and advisory firm each of which practices in its own right. The RSM network is not itself a separate legal entity of any description in any jurisdiction. The RSM network is administered by RSM International Limited, a company registered in England and Wales (company number 4040598) whose registered office is at 200 Aldersgate Street, London, EC1A 4HD.

    The brand and trademark RSM and other intellectual property rights used by members of the Network are owned by RSM International Association, an association governed by article 60 et seq of the Civil Code of Switzerland whose seat is in Zug. Any articles or publications contained within this website are not intended to provide specific business or investment advice. No responsibility for any errors or omissions nor loss occasioned to any person or organisation acting or refraining from acting as a result of any material in this website can, however, be accepted by the author(s) or RSM International. You should take specific independent advice before making any business or investment decision.
     

    English

    © 2015-2026 RSM Allied Accountants. All rights reserved.

    Footer menu links

    • Accessibility
    • Anti-bribery declaration
    • Cookie declaration
    • Privacy Notice
    • Terms and Conditions