Global investment in clean energy technologies is forecast to reach more than US$2,2 trillion (R39,82 trillion) in 2025 – nearly double the projected investment in fossil fuels.
This is according to the International Energy Agency (IEA) World Energy Investment report released this month.
Total global energy investment is expected to be US$3,3 trillion (R59,70 trillion) for the year, the report says.
Solar PV remains the largest single area of investment, expected to attract US$500 billion (R9,05 trillion) in 2025. Battery storage investment is forecast at US$66 billion (R1,193 trillion) led by grid-scale deployments. The report states that grid infrastructure, currently receiving just over US$400 billion (R7,237 trillion) annually, is underfunded relative to generation expansion.
In multiple regions, including parts of Africa, grid development is identified as a limiting factor for renewable energy growth, the report says. China is projected to account for the largest share of global clean energy investment in 2025, at almost US$680 billion (R18,09) exceeding the combined total of the US and EU.
