In recent decades, the conventional energy paradigm has rapidly lost ground in comparison to the concept of sustainable development, as it is based on the intensive use of nonrenewable fossil fuels, causing environmental degradation and posing global energy security risks. Thus, a change in the energy paradigm is necessary. Similarly, a paradigm shift in the objectives of energy policy is taking place—towards security of supply and climate change. Transition to a sustainable energy system is one of the crucial challenges humankind faces in the new millennium. The paradigm shift is primarily occurring in developed countries but extending to developing countries. Depending on the ongoing paradigm change, renewable energy policy is evolving rapidly in most countries. Global investment in renewable energy is increasing rapidly in a number of developed and developing countries. Technological leapfrogging in renewable energy has emerged as an opportunity for developing countries. This article will give an overview of the global trends for renewable energy and also provide Turkey’s vision.