Powerful forces are driving demand for renewable energy.
Countries are embracing bold climate goals, looking to
improve their energy security and nurturing skills that will
be critical in the future. Because of these forces, experts
say the world will add as much renewable power capacity in the
next five years as it did in the previous 20.
To ensure that the road to a renewable powered future is a
smooth one, we'll need to expand solar and onshore wind power,
which have benefited from lower costs for solar panels and wind
turbines. We'll need to scale offshore wind energy as
innovation enables us to venture further from shore to harness
stronger winds and build more capacity to store renewable
energy when it is not being produced, including projects
like utility scale batteries. At Ontario Teachers' Pension Plan,
we're investing in renewable energy generation and storage,
supporting a more sustainable future. That's what gives us
energy.