solar

Brent crude has surged more than 50 percent since the Strait of Hormuz closure, and European consumers are responding by dramatically accelerating purchases of solar panels, heat pumps, and electric vehicles.

The IEA's Electricity 2026 report projects renewables and nuclear will reach 50% of the global power mix by 2030, but warns that 2,500 GW of projects are stranded in grid connection queues.