IEA Electricity Mid‑Year Update 2025: Demand, Supply, Prices

The International Energy Agency (IEA) published the Electricity Mid‑Year Update 2025.

• Main announcement: The IEA reports that global electricity demand is set to grow strongly with forecasts of +3.3% in 2025 and +3.7% in 2026, driven by industry, appliances, cooling, data centres and electrification; wind and solar PV are expected to cover over 90% of the demand increase in 2025, with combined wind+solar generation surpassing 5,000 TWh in 2025 and 6,000 TWh in 2026, and renewable generation projected to overtake coal-fired generation (coal share to fall below 33%). The report gives updated data (2024 preliminary) and forecasts for 2025-2026 and details regional trends for China, India, EU and the United States.
• Background and details: The update documents supply and emissions trends: total renewables 2025 ~10,805 TWh, coal ~10,721 TWh (2025 forecast), and power-sector CO2 emissions plateauing (13,927 Mt CO2 in 2024; forecast 13,879 Mt CO2 in 2025 and 13,752 Mt CO2 in 2026). It records specific events and figures such as the Chile blackout on 25 Feb 2025, the Spain/Portugal blackout on 28 Apr 2025, wholesale price levels (e.g., EU ~USD 90/MWh H1 2025, US ~USD 48/MWh H1 2025), and a stated corporate data-centre investment of USD 320 billion in 2025 by Meta, Amazon, Alphabet and Microsoft.