+
Clean Energy Investment to Surpass Oil and Gas in 2025
POWER & RENEWABLE ENERGY

Clean Energy Investment to Surpass Oil and Gas in 2025

For the first time in history, global investments in clean energy technologies are set to outpace spending in upstream oil and gas by 2025, according to the S&P Global Commodity Insights report, "Top Clean Energy Technology Trends of 2025: Transformative Changes Ahead." Cleantech energy supply spending is projected to reach $670 billion (approximately Rs 55.5 trillion), with solar photovoltaics (PV) commanding nearly 50% of the investments and contributing two-thirds of new installed megawatts.

The report forecasts the addition of 620 GW of solar and wind capacity globally by 2024—equivalent to the total power systems of India, Pakistan, and Bangladesh combined. Additionally, battery energy storage systems are expected to surpass pumped hydro in installed capacity by 2025, marking a significant milestone in energy storage advancements.

Artificial intelligence (AI) is increasingly enhancing renewable energy integration, with applications in forecasting generation and grid planning. By 2025, installations of long-duration energy storage systems are expected to double, and data centers are projected to procure 300 TWh of clean power annually by 2030.

Ammonia's role in low-carbon hydrogen production and the rise of carbon capture, utilization, and storage (CCUS) projects reflect the diversification of clean energy technologies. Supportive policies like the US Inflation Reduction Act and India’s production-linked incentive scheme are further strengthening global clean energy supply chains.

Global photovoltaic manufacturing is also undergoing transformation amid trade tensions between the US and China. With high tariffs on exports from Southeast Asia, India is ramping up PV manufacturing to target the US market, while Saudi Arabia is emerging as a manufacturing hub for Chinese PV and battery firms.

As the world shifts toward cleaner energy systems, these developments signify a crucial turning point in addressing climate change and achieving global energy sustainability.

For the first time in history, global investments in clean energy technologies are set to outpace spending in upstream oil and gas by 2025, according to the S&P Global Commodity Insights report, Top Clean Energy Technology Trends of 2025: Transformative Changes Ahead. Cleantech energy supply spending is projected to reach $670 billion (approximately Rs 55.5 trillion), with solar photovoltaics (PV) commanding nearly 50% of the investments and contributing two-thirds of new installed megawatts. The report forecasts the addition of 620 GW of solar and wind capacity globally by 2024—equivalent to the total power systems of India, Pakistan, and Bangladesh combined. Additionally, battery energy storage systems are expected to surpass pumped hydro in installed capacity by 2025, marking a significant milestone in energy storage advancements. Artificial intelligence (AI) is increasingly enhancing renewable energy integration, with applications in forecasting generation and grid planning. By 2025, installations of long-duration energy storage systems are expected to double, and data centers are projected to procure 300 TWh of clean power annually by 2030. Ammonia's role in low-carbon hydrogen production and the rise of carbon capture, utilization, and storage (CCUS) projects reflect the diversification of clean energy technologies. Supportive policies like the US Inflation Reduction Act and India’s production-linked incentive scheme are further strengthening global clean energy supply chains. Global photovoltaic manufacturing is also undergoing transformation amid trade tensions between the US and China. With high tariffs on exports from Southeast Asia, India is ramping up PV manufacturing to target the US market, while Saudi Arabia is emerging as a manufacturing hub for Chinese PV and battery firms. As the world shifts toward cleaner energy systems, these developments signify a crucial turning point in addressing climate change and achieving global energy sustainability.

Next Story
Infrastructure Urban

Globe Civil Wins Rs 2.22 Billion Haryana Stadium Deal

Globe Civil Projects Limited has received an order worth Rs 2.22 billion from the Haryana Cricket Association, Bhiwani, for the construction of an International Cricket Stadium at Lohat in Jhajjar district, Haryana.The project, to be executed on a bill of quantities (BOQ) basis, has a stipulated completion period of 24 months. It marks Globe Civil’s entry into the sports infrastructure sector, underscoring institutional confidence in the company’s execution capabilities.Chairman and Whole-time Director Ved Prakash Khurana said the contract was a milestone for the company and an opportunity..

Next Story
Infrastructure Urban

Platinum Industries Q1 Revenue Rises 12 Per Cent

Platinum Industries Limited, a leading manufacturer of PVC and CPVC additives and the third-largest player in India’s PVC stabiliser market, has reported a 12.4 per cent year-on-year increase in revenue for the first quarter of FY26, supported by improved capacity utilisation and favourable market conditions.Revenue from operations rose to Rs 1.15 billion in Q1 FY26 from Rs 1.03 billion in the same quarter last year. On a sequential basis, revenue grew 19.6 per cent from Rs 965 million in Q4 FY25. EBITDA stood at Rs 152 million, down 26 per cent year-on-year from Rs 205 million, but more tha..

Next Story
Infrastructure Urban

Agarwal Industrial Q1 Profit Falls 67 Per Cent

Agarwal Industrial Corporation Limited (AICL), a leading manufacturer and trader of bitumen and allied products, has reported a sharp decline in earnings for the first quarter of FY26, with profit after tax falling 67 per cent year-on-year.For the quarter ended 30 June 2025, consolidated revenue stood at Rs 5.95 billion compared with Rs 7.09 billion in Q1 FY25, marking a 16 per cent decline. EBITDA dropped 39 per cent to Rs 380 million, while profit after tax fell to Rs 130 million from Rs 390 million a year earlier. Margins contracted, with EBITDA at 6.4 per cent against 8.7 per cent and net ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?