By Forrest Crellin

PARIS (Reuters) -The International Energy Agency on Tuesday cut its global forecast for renewable power growth by 2030 by 900 gigawatts from last year’s outlook, citing weaker prospects in the United States and China, even as solar power continues to drive record additions.

Global renewable power capacity is now expected to rise by 4,600 GW by 2030 – down from a forecast of 5,500 GW in 2024 – with solar accounting for about 80% of the increase, the data showed.

The downward revision is mainly due to an early phase‑out of U.S. federal tax incentives and other regulatory changes – lowering the IEA’s U.S. growth expectations by almost 50% – while China’s shift from fixed tariffs to competitive auctions is squeezing project economics.

The downgrade is partly offset by st

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