Global South Surges Ahead in Renewable Energy Investment
POWER & RENEWABLE ENERGY

Global South Surges Ahead in Renewable Energy Investment

The Global South is rapidly surpassing the Global North in renewable energy deployment, with 87% of power investments in 2024 flowing into clean technologies, according to new research from RMI. Solar and wind generation in developing nations has grown by 23% annually over the past five years, putting them just five years behind advanced economies in the clean energy transition.

Countries across Latin America, Africa, South Asia, and Southeast Asia are capitalizing on their vast renewable potential, which accounts for 70% of global resources. Brazil stands out as the second-largest global contributor to wind and solar capacity growth in 2023, only behind China. However, regions like Africa and Southeast Asia lag, with renewables comprising just 5% of their power mix.

The findings, released ahead of COP29, highlight the need for a sixfold increase in annual clean energy financing to meet 2030 goals. Experts warn that failure to support developing nations in scaling clean energy projects could undermine global efforts to limit warming to 1.5°C.

The Global South is rapidly surpassing the Global North in renewable energy deployment, with 87% of power investments in 2024 flowing into clean technologies, according to new research from RMI. Solar and wind generation in developing nations has grown by 23% annually over the past five years, putting them just five years behind advanced economies in the clean energy transition. Countries across Latin America, Africa, South Asia, and Southeast Asia are capitalizing on their vast renewable potential, which accounts for 70% of global resources. Brazil stands out as the second-largest global contributor to wind and solar capacity growth in 2023, only behind China. However, regions like Africa and Southeast Asia lag, with renewables comprising just 5% of their power mix. The findings, released ahead of COP29, highlight the need for a sixfold increase in annual clean energy financing to meet 2030 goals. Experts warn that failure to support developing nations in scaling clean energy projects could undermine global efforts to limit warming to 1.5°C.

Next Story
Infrastructure Transport

Indore Metro Conducts Successful Yellow Line Trial Run

The Indore Metro project achieved another milestone as the Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) conducted a successful trial run between SC03 Station and Malviya Nagar Chauraha Station on the Yellow Line. The Yellow Line, spanning 33.53 km, will connect key locations including Palasia, Railway Station, Rajwara, Airport, Bhawarsala, MR10, and Palasia (Ring Line), forming a major circular corridor to enhance intra-city mobility. Currently, the Super Priority Corridor — a 6 km operational stretch with five stations — is functional. It was inaugurated by Prime Minister Nare..

Next Story
Infrastructure Transport

NCRTC Invites Bids For Delhi–Gurugram–SNB Namo Bharat Corridor

The National Capital Region Transportation Corporation (NCRTC) has invited bids for the engagement of a General Consultant (GC) for the Delhi–Gurugram–SNB Namo Bharat corridor, marking a key step in expanding high-speed regional connectivity across the National Capital Region (NCR). The Delhi–Gurugram–SNB Regional Rapid Transit System (RRTS) corridor will span 105.02 km and include 16 stations, enhancing mobility and promoting sustainable transport solutions for commuters across the region. According to tender details, the bid number is DA/GC/COR-OF/038, with Tender ID 2025_NCRTC_251..

Next Story
Infrastructure Transport

AAI To Introduce Valet Parking At Chennai Airport

In a first for Indian airports, the Airports Authority of India (AAI) is planning to introduce valet parking services at Chennai International Airport, aimed at improving passenger convenience and easing traffic flow around the terminal. Since the inauguration of the multi-level car parking facility, passengers have expressed dissatisfaction with the long walk or buggy ride required to reach the second floor to board cabs. Many have found the queues and delays cumbersome, prompting AAI to explore more accessible options. Responding to this feedback, AAI has finalised plans for a second cab b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?