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Investment in the energy transition amounted to 1.1 trillion U.S. dollars in 2022, surpassing the investment in fossil fuels for the first time. Renewable energy technologies accounted for nearly half of that amount, reaching almost 500 billion U.S. dollars in 2022. Renewable investments have grown rapidly in the last years; however, it is estimated that they need to quadruple to limit the global temperature rise to 1.5 °C by 2050. The power sector accounts for most of the investments in renewable technologies, while end-use sectors, including renewable heat generation, contribute to a much smaller share. Regionally, China is by far the largest contributor to renewable energy investments worldwide, with more than 137 billion U.S. dollars invested in 2021, and is followed by Europe, which contributed almost 80 billion that same year.
Solar energy investments
In 2022, more than 60 percent of the investment in renewable technologies came from solar, including photovoltaics and solar thermal energy. Solar PV investments alone almost reached 300 billion U.S. dollars. In recent years, solar photovoltaic investments have grown significantly, coinciding with the decrease in the cost of this technology, which dropped from 0.42 U.S. dollars per kilowatt-hour in 2010 to 0.05 in 2021. Solar PV was also the renewable technology with the largest share of private investors with more than 80 percent of the total investment 2020, indicating its viability and competitiveness. In the off-grid space, solar is the dominant technology. In 2022, investment in off-grid solar companies reached almost 745 billion U.S. dollars.
Wind energy investments
Wind energy investments, including onshore and offshore, amounted to roughly 174 billion U.S. dollars worldwide in 2022. That translates into approximately 35 percent of the total global renewable investments. Onshore investments account for roughly 80 percent of the total wind investments, but investment in offshore technologies has grown rapidly in the last years, doubling in 2020 and maintaining a similar level until 2022. As with renewable energy in general, China was the leading country for wind energy investments in 2021, reaching some 67 billion U.S. dollars.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Lucía Fernández, Apr 12, 2024
Key insights
- Global energy transition investments
- 1.8tr USD
Detailed statistics
Investments in energy transition worldwide 2004-2023
- Global renewable energy investments
- 623bn USD
Detailed statistics
Global energy transition investments 2023, by technology
- Renewable energy asset finance in the U.S.
- 45.5bn USD
Detailed statistics
Renewable energy asset finance investments globally 2021, by country
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Overview
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- Premium Statistic Global energy transition investments 2023, by technology
- Premium Statistic Worldwide investment in renewable energy 2004-2022
- Premium Statistic Global renewable energy investment by sector 2022
- Premium Statistic Renewables per capita investment 2010-2020, by region
- Premium Statistic Global renewable energy investments 2023, by region
- Premium Statistic Renewable energy asset finance investments globally 2021, by country
- Premium Statistic Global off-grid renewable energy investments 2010-2021
Overview
- Premium Statistic Global energy transition investments 2023, by technology
Global energy transition investments 2023, by technology
Investments in the energy transition worldwide in 2023, by technology (in billion U.S. dollars)
- Premium Statistic Worldwide investment in renewable energy 2004-2022
Worldwide investment in renewable energy 2004-2022
New investment in renewable energy worldwide from 2004 to 2022 (in billion U.S. dollars)
- Premium Statistic Global renewable energy investment by sector 2022
Global renewable energy investment by sector 2022
Investment in renewable energy technologies worldwide in 2022, by sector (in billion U.S. dollars)
- Premium Statistic Renewables per capita investment 2010-2020, by region
Renewables per capita investment 2010-2020, by region
Per capita investment in renewables from 2010 to 2020, by region (in U.S. dollars)
- Premium Statistic Global renewable energy investments 2023, by region
Global renewable energy investments 2023, by region
Investments in renewable energy worldwide in 2023, by region (in billion U.S. dollars)
- Premium Statistic Renewable energy asset finance investments globally 2021, by country
Renewable energy asset finance investments globally 2021, by country
Leading countries for renewable energy asset finance worldwide in 2021 (in billion U.S. dollars)
- Premium Statistic Global off-grid renewable energy investments 2010-2021
Global off-grid renewable energy investments 2010-2021
Investments in off-grid renewable energy worldwide from 2010 to 2021 (in million U.S. dollars)
Solar energy
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- Premium Statistic Global solar PV energy investments 2013-2022
- Premium Statistic Global solar thermal energy investments 2013-2022
- Basic Statistic Global solar energy technology investment by quarter 2018-2022
- Premium Statistic Solar energy asset finance investments globally 2021, by market
- Premium Statistic Global investment in off-grid solar companies 2013-2022
Solar energy
- Premium Statistic Global solar PV energy investments 2013-2022
Global solar PV energy investments 2013-2022
Investments in solar photovoltaic energy worldwide from 2013 to 2022 (in billion U.S. dollars)
- Premium Statistic Global solar thermal energy investments 2013-2022
Global solar thermal energy investments 2013-2022
Investments in solar thermal energy worldwide from 2013 to 2022 (in billion U.S. dollars)
- Basic Statistic Global solar energy technology investment by quarter 2018-2022
Global solar energy technology investment by quarter 2018-2022
New investment in solar energy technology worldwide from Q1 2018 to Q2 2022 (in billion U.S. dollars)
- Premium Statistic Solar energy asset finance investments globally 2021, by market
Solar energy asset finance investments globally 2021, by market
Solar energy asset finance in developed and developing markets worldwide from 2017 to 2021 (in billion U.S. dollars)
- Premium Statistic Global investment in off-grid solar companies 2013-2022
Global investment in off-grid solar companies 2013-2022
Investments in the off-grid solar industry worldwide from 2013 to 2022 (in million U.S. dollars)
Wind energy
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- Premium Statistic Global onshore wind energy investments 2013-2022
- Premium Statistic Global offshore wind energy investments 2013-2022
- Basic Statistic Global wind energy project investment 2018-2022, by quarter
- Premium Statistic Wind energy asset finance investments globally 2017-2021, by market
Wind energy
- Premium Statistic Global onshore wind energy investments 2013-2022
Global onshore wind energy investments 2013-2022
Investments in onshore wind energy worldwide from 2013 to 2022 (in billion U.S. dollars)
- Premium Statistic Global offshore wind energy investments 2013-2022
Global offshore wind energy investments 2013-2022
Investments in offshore wind energy worldwide from 2013 to 2022 (in billion U.S. dollars)
- Basic Statistic Global wind energy project investment 2018-2022, by quarter
Global wind energy project investment 2018-2022, by quarter
Investment in wind energy projects worldwide from Q1 2018 to Q2 2022 (in billion U.S. dollars)
- Premium Statistic Wind energy asset finance investments globally 2017-2021, by market
Wind energy asset finance investments globally 2017-2021, by market
Wind energy asset finance in developed and developing markets worldwide from 2017 to 2021 (in billion U.S. dollars)
Other renewables
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- Premium Statistic Global hydropower investments 2013-2022
- Basic Statistic Global small hydropower technology investment 2004-2019
- Premium Statistic Global biomass investments 2013-2022
- Premium Statistic Global investments in biofuel technologies 2019
- Premium Statistic Global geothermal energy investments 2013-2022
Other renewables
- Premium Statistic Global hydropower investments 2013-2022
Global hydropower investments 2013-2022
Investments in hydropower worldwide from 2013 to 2022 (in billion U.S. dollars)
- Basic Statistic Global small hydropower technology investment 2004-2019
Global small hydropower technology investment 2004-2019
Investment in small hydropower technology worldwide from 2004 to 2019 (in billion U.S. dollars)
- Premium Statistic Global biomass investments 2013-2022
Global biomass investments 2013-2022
Investments in biomass worldwide from 2013 to 2022 (in billion U.S. dollars)
- Premium Statistic Global investments in biofuel technologies 2019
Global investments in biofuel technologies 2019
Investment in biofuel technologies worldwide from 2004 to 2019 (in billion U.S. dollars)
- Premium Statistic Global geothermal energy investments 2013-2022
Global geothermal energy investments 2013-2022
Investments in geothermal energy worldwide from 2013 to 2022 (in billion U.S. dollars)
Financial sources and instruments
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- Premium Statistic Public and private renewable energy investments breakdown worldwide 2013-2020
- Premium Statistic Public and private renewable investments breakdown worldwide 2020, by technology
- Premium Statistic Global private renewable energy investments 2018-2020, by type of investor
- Premium Statistic Global public renewable energy investments 2018-2020, by type of investor
- Premium Statistic Global renewable energy investments 2020, by financial instrument
Financial sources and instruments
- Premium Statistic Public and private renewable energy investments breakdown worldwide 2013-2020
Public and private renewable energy investments breakdown worldwide 2013-2020
Distribution of public and private investments in renewable energy worldwide from 2013 to 2020
- Premium Statistic Public and private renewable investments breakdown worldwide 2020, by technology
Public and private renewable investments breakdown worldwide 2020, by technology
Distribution of public and private investments in renewable energy worldwide in 2020, by technology
- Premium Statistic Global private renewable energy investments 2018-2020, by type of investor
Global private renewable energy investments 2018-2020, by type of investor
Private investments in renewable energy worldwide from 2018 to 2020, by type of investor (in billion U.S. dollars)
- Premium Statistic Global public renewable energy investments 2018-2020, by type of investor
Global public renewable energy investments 2018-2020, by type of investor
Public investments in renewable energy worldwide from 2018 to 2020, by type of investor (in billion U.S. dollars)
- Premium Statistic Global renewable energy investments 2020, by financial instrument
Global renewable energy investments 2020, by financial instrument
Investments in renewable energy worldwide in 2020, by financial instrument (in billion U.S. dollars)
M&A activity
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M&A activity
Value of renewable M&A deals globally 2018-2022
Total transaction value of merger and acquisition (M&A) deals in the renewable energy sector worldwide from 2018 to 2022 (in billion U.S. dollars)
Global renewable M&A deals 2022, by technology
Number of merger and acquisition (M&A) deals in the renewable energy sector worldwide in 2022, by technology
Monthly number of announced M&A deals in the global renewable sector 2021-2023
Monthly number of announced merger and acquisition deals in the renewable energy sector worldwide from January 2021 to January 2023
Countries with the most M&A deals in the global renewable sector 2020-2023
Countries with the largest number of announced merger and acquisition deals in the renewable energy sector worldwide between January 2020 and January 2023
Companies with the most M&A deals in the global renewable sector 2020-2023
Companies with the largest number of announced merger and acquisition deals in the renewable energy sector worldwide between January 2020 and January 2023
Corporate purchase agreements
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- Premium Statistic Renewable PPA contracted capacity globally 2012-2023
- Premium Statistic Renewable PPA contracted capacity globally 2020-2023, by region
- Premium Statistic Renewable PPA contracted capacity globally 2022, by company and technology
- Premium Statistic Corporate clean power capacity in the U.S. 2010-2022
- Premium Statistic Renewable PPA contracted capacity in Europe 2013-2023, by technology
Corporate purchase agreements
- Premium Statistic Renewable PPA contracted capacity globally 2012-2023
Renewable PPA contracted capacity globally 2012-2023
Renewable capacity contracted through corporate power purchase agreements (PPAs) worldwide from 2012 to 2023 (in gigawatts direct current)
- Premium Statistic Renewable PPA contracted capacity globally 2020-2023, by region
Renewable PPA contracted capacity globally 2020-2023, by region
Contracted renewable capacity through corporate power purchase agreements (PPAs) worldwide from 2020 to 2023, by region (in gigawatts direct current)
- Premium Statistic Renewable PPA contracted capacity globally 2022, by company and technology
Renewable PPA contracted capacity globally 2022, by company and technology
Companies with the largest contracted renewable capacity through corporate power purchase agreements (PPAs) worldwide in 2022, by technology (in gigawatts direct current)
- Premium Statistic Corporate clean power capacity in the U.S. 2010-2022
Corporate clean power capacity in the U.S. 2010-2022
Installed renewable capacity with a corporate buyer in the United States from 2010 to 2022 (in megawatts)
- Premium Statistic Renewable PPA contracted capacity in Europe 2013-2023, by technology
Renewable PPA contracted capacity in Europe 2013-2023, by technology
Corporate renewable power purchase agreements (PPAs) contracted capacity in Europe from 2013 to 2023, by technology (in megawatts)
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