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
Building Material

Trishakti Industries Secures Major Tata Steel Order

Trishakti Industries Limited has secured a significant order from Tata Steel Ltd for the deployment of advanced machinery and skilled manpower at one of the steel major’s flagship project sites.The contract, awarded domestically, involves the hiring of machines along with manpower, with execution set to be completed by 20th September 2025. The initial contract period is 12 months. The total fresh capital expenditure for the project is approximately Rs 1.5 million, while the overall contract value is expected to exceed Rs 5 million inclusive of taxes.This order marks a reinforcement of top-ti..

Next Story
Real Estate

Kalpataru Projects Secures Rs 27.2 Billion in New Orders

Kalpataru Projects International Limited (KPIL), a leading EPC player in the power transmission and distribution (T&D) and civil infrastructure sector, along with its international subsidiaries, has received new orders and notifications for projects worth approximately Rs 27.2 billion.The projects include:Power Transmission & Distribution (T&D) initiatives in India and overseas.Buildings and Factories (B&F) projects in India.Manish Mohnot, MD & CEO of KPIL, said, “We are delighted with the strong ordering momentum in our T&D and B&F businesses. The orders include ..

Next Story
Infrastructure Energy

ACME Solar Secures Rs 38.92 Billion Financing for Barmer Project

ACME Solar Holdings rose 2.05 per cent to Rs 308.50 after its wholly owned subsidiary, ACME Venus Urja, secured long-term project financing of Rs 38.92 billion from the State Bank of India (SBI).The funds will be utilised for the development and construction of a 400 MW Firm and Dispatchable Renewable Energy (FDRE) project in Barmer, Rajasthan. The loan repayment is structured over 19 years.The Barmer-based FDRE project is contracted with NHPC at a tariff of Rs 4.64 per unit. It will integrate solar power generation with a Battery Energy Storage System (BESS) to ensure higher reliability and d..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?