Global energy investment will reach a record $3.3 trillion in 2025, despite geopolitical tensions and economic uncertainty. According to the IEA, energy security is driving this growth.
Clean energy technologies will attract $2.2 trillion this year, more than double the $1.1 trillion invested in oil, gas, and coal. Renewables, nuclear, grids, and storage lead the way.
CHINA DOUBLES DOWN AS LARGEST ENERGY INVESTOR WORLDWIDE
China remains the world’s top investor. It spends twice as much as the European Union. It also spends almost as much as the EU and U.S. combined. Its clean energy investments cover solar, wind, hydropower, nuclear, batteries, and electric vehicles, says a new IEA report.
SOLAR PV AND BATTERY STORAGE SET NEW INVESTMENT RECORDS
Solar photovoltaic (PV) investment will hit $450 billion in 2025, making it the largest single energy investment globally. Battery storage spending also rises sharply, surpassing $65 billion.
China and India continue investing heavily in coal, with China starting nearly 100 gigawatts of new coal plants in 2024. LNG investment grows strongly, driven by projects in the U.S., Qatar, and Canada.
AFRICA’S INVESTMENT GAP CALLS FOR GLOBAL ACTION
Africa accounts for only 2% of global clean energy investment. This is despite the continent holding 20% of the world’s population and experiencing rising energy demand. The continent’s overall investment has dropped by a third in the past decade. The report calls for increased international public finance to unlock private capital for Africa and other developing regions.