WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 308
Market Data
Climate Data
HOME
ENERGY IN
THE REGIONS
Investments
FIGURE 6
• Investment in solar PV now surpasses all other
generation technologies combined
1500
60%
1250
50%
1000
40%
750
30%
500
20%
250
10%
Battery storage
2018
2019
Electricity grids
2020
2021
Nuclear
2022
2023
Fossil fuels power
2024e
Renewable power
EMED outside China
(share, right axis)
Notes: Investment throughout is measured as ongoing capital spending on new and existing power capacity. All numbers throughout are
power includes unabated and abated power. EMED = emerging market and developing economics. 2024e = estimated values for 2024.
Source: IEA
WEMO 2024
2011-17
• China alone saw solar PV spending jump to $220
billion – almost half of global solar investment
for the year
308
Billion $ (2023, MER)
Global annual investment in the power sector by category, 2011-2024
