WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 311
Market Data
Climate Data
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ENERGY IN
THE REGIONS
Investments
FIGURE 9
Global annual investment in solar PV and other generation technologies, 2021-2024
• Investment in solar PV now surpasses all other
generation technologies combined
• China alone saw solar PV spending jump to $220
billion – almost half of global solar investment
for the year
Billion $ (2023, MER)
500
400
300
200
100
Solar PV
2023
Other
Notes: 2024e = estimated values for 2024. Other = electricity generation from all other technologies including coal,
oil, natural gas, wind, hydro and nuclear.
Source: IEA
2024e
WEMO 2024
2022
311
2021
