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      "text": "We forecast renewable generation, mainly wind and solar, will become the new baseload - accounting for 38% of the power mix by 2030 and 62% by 2050.",
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      "text": "power generation share: 62%",
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      "text": "But in Europe, the clean energy story will center around wind. We anticipate that a mix of offshore and onshore wind will become the region's leading source of power generation by as early as 2027. In the UK, wind power capacity had already surpassed gas power capacity by June 2023.",
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      "text": "The positive impact of accelerated renewables build-out is huge - helping reduce carbon emissions, enhance energy security and create economic opportunities. However, they will also pose challenges, particularly around the need to integrate renewables into the grid, fund infrastructure upgrades and ensure regulation keeps up with change. Overcoming these will require a collaborative effort across the public and private sector, bringing together policy, investments, innovative partnerships and technological advancements.",
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      "text": "A global solar boom will power more than half of this, but adoption will vary across markets. Solar-generated power will become the biggest source of energy in countries such as the US, and those in Oceania and South Asia, driven by technologies around solar PV modules advancing at rapid pace. The price of crystalline silicon PV modules has reduced by more than 80% since 2010.",
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      "text": "Change in the power sector will be swift but not linear. By mid-century, the global power market will be double the size it is today, driven by electrification of industrial and end-use applications. It's easy to see how proliferating wind and solar will come to dominate, but our modeling suggests this will happen faster than previous indications.",
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