Renewable Energy Investment Surges 10% in H1 2025, Led by Offshore Wind and Small-Scale Solar
Global renewable energy investment surged 10% in the first half of 2025, reaching $386 billion. This growth was driven by offshore wind and small-scale solar projects, despite a significant drop in utility-scale solar financing.
In mainland China, investment in small-scale solar projects nearly doubled, while utility-scale solar fell by 28%. This shift partly offset the decline in larger solar projects, demonstrating the quick implementation and profitability of smaller-scale solar. Globally, utility-scale solar investment dropped 19%, led by decreases in mainland China, Spain, Greece, and Brazil.
Financing for utility-scale solar and onshore wind projects fell 13% compared to the first half of 2024. Meanwhile, the United States recorded the largest decline in committed spending, down $20.5 billion, or 36%. The EU, however, saw investment rise nearly $30 billion, or 63%, as companies shifted capital from the US to Europe.
Despite the decline in utility-scale solar and onshore wind financing, global renewable energy investment reached a new high in the first half of 2025. The growth was driven by offshore wind and small-scale solar projects, demonstrating the continued momentum of renewable energy adoption worldwide.
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