Global energy investment set to rise to $3.3trln in 2025: IEA
In its new World Energy Investment 2025 report, IEA stated that investment in clean technologies – renewables, nuclear, grids, storage, low-emissions fuels, efficiency and electrification – is on course to hit a record US$2.2 trillion this year.
The report explained that investment in solar, both utility-scale and rooftop, is expected to reach US$450 billion in 2025, making it the single largest item in the global energy investment inventory. Battery storage investments are also climbing rapidly, surging above US$65 billion this year.
Lower oil prices and demand expectations are set to result in the first year-on-year fall in upstream oil investment since 2020, according to the report, with an expected 6 percent drop driven by lower oil prices and demand expectations.
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