Global power demand to rise in 2026 and 2027, renewables outpace coal in power generation: IEA report

Global power demand to accelerate in 2026 and 2027, IEA says

Global power demand growing 3.6-3.8% through 2027 driven by data centers and EV; renewables overtake coal in 2026. Energy intensity accelerates capex for AI workloads—renewable mandates reshape data center location strategy and grid compliance planning.