Global Renewable Energy Investment Still Reaches New Record
BNEF finds that utility-scale solar photovoltaic investment was particularly hit, falling 19% compared to the first half of 2024. The markets that saw the largest year-on-year
For instance, the investment practices of utilities could be further investigated. Even though their inclination toward international investment seems to be limited in comparison to other investor types, they exhibit noteworthy levels of internationalization – despite their supposed focus on supplying energy domestically.
However, the degree of internationalization differs substantially by technology. While in the most recent period, offshore wind investments have, for example, exhibited inflow and outflow shares of 72% and 76%, respectively (Figure 3 I), such shares were at only 28% and 36% for biomass in the same period (Figure 3 M).
Absolute net investment flows into RE contrasted with foreign direct investments per country over three time periods by technology: (B–D) onshore wind, (F–H) solar PV, (J–L) offshore wind, (N–P) biomass and waste.
This might especially be the case when paired with a significant share of internationalization (i.e., capital outflow) among local utilities, which are typically expected to invest more locally. Such insights could then help countries to adjust their current energy and financial policy landscape.
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