A comprehensive analysis by S&P Global Commodity Insights indicates a significant surge in investments in clean energy technology, poised to rise by 15% in 2024, reaching approximately $800 billion. This increase is largely attributed to advancements in solar energy, marking a substantial stride towards a more sustainable future.
The report underscores the accelerating momentum towards renewable energy sources, with solar power leading the transition. As reported by ETEnergyworld.com, projections also suggest a notable decrease in the costs associated with implementing clean energy technologies, with an estimated reduction of 15% to 20% by 2030.
Despite a competitive landscape, particularly in the manufacturing of battery energy storage systems, the trend is expected to persist. The report highlights a significant milestone: the anticipated installation of one terawatt of wind and solar capacity within the next two years, which would propel global installations to 3.5 TW.
