The global energy system is entering a pivotal new phase. Rystad Energy’s latest scenario analysis shows that all net growth in global electricity supply in 2025 – around 1,070 terawatt-hours – will come from low-carbon sources, including renewables and nuclear power. This marks a structural shift: renewables are no longer competing at the margins but are now driving all incremental power generation. For investors, this signals that clean-power growth is moving from policy-driven to market-driven, reshaping long-term return potential…