Cleantech investments to top fossil fuels for the first time in 2025

Michelle Lewis | Source: Electrek | Posted 01/14/2025

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Cleantech investments are expected to hit $670 billion in 2025, with solar leading the charge. Solar PV systems alone will account for half of those investments and two-thirds of all new installed capacity. But while this milestone signals a huge shift in the energy landscape, the report warns it’s still not enough to meet climate goals.

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Global investments in cleantech are projected to surpass spending on upstream oil and gas in 2025, with cleantech investments expected to reach $670 billion. Solar PV systems are set to lead the way, accounting for half of the investments and two-thirds of new installed capacity. However, the report warns that while this milestone represents a significant shift in the energy landscape, more needs to be done to meet climate goals.

Key trends highlighted in the report include renewable energy investments overtaking fossil fuels in 2025, the challenges to China's dominance in cleantech supply chains, the increasing importance of battery storage in making renewable projects financially viable, the role of AI in optimizing renewables and managing power generation fluctuations, and the growing demand for clean energy in data centers, which are expected to significantly boost renewable power sourcing by 2030, particularly in North America.

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Source Link: https://electrek.co/2025/01/13/cleantech-investments-to-top-fossil-fuels-for-the-first-time-in-2025/

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Cleantech investments to top fossil fuels for the first time in 2025

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