Clean Energy Pipeline\u2019s annual data report provides research and insights into the global renewable energy investment sector in 2024.<\/p>\n\n\n\n
\u201cThe volume of deals recorded in our database in 2024 highlights the sustained efforts of developers and financiers in advancing clean energy projects globally,\u201d said Chenwu Qian, Head of Data at Clean Energy Pipeline.<\/p>\n\n\n\n
\u201cClean Energy Pipeline\u2019s database, alongside our research and advisory services, remains a valuable tool for investors seeking new project opportunities and for developers looking to secure funding for their projects.\u201d<\/p>\n\n\n\n
The report examines financing activity across a range of renewable energy technologies, including solar PV, onshore and offshore wind, energy storage, green hydrogen, hydropower, and other emerging sectors.<\/p>\n\n\n\n
Research from Clean Energy Pipeline\u2019s data provides a look at the top-performing renewable technologies, along with a list of the most active investors and developers in the market.<\/p>\n\n\n\n
The global shift towards cleaner energy systems is reflected in the scale of transactions and projects tracked by Clean Energy Pipeline.<\/p>\n\n\n\n
Key Highlights<\/strong><\/p>\n\n\n\n Clean Energy Project Financing deals across all technologies reached a total deal value of $563 billion, representing a 20% annual increase.<\/p>\n\n\n\n Solar PV remained the leading sector for investment across the major renewable energy generation technologies last year and this looks set to continue into 2025.<\/p>\n\n\n\n Solar Project Financing deals totalled $290 billion, while M&A investment for Solar Projects (either Under Development, In Construction, and Operational) reached $32.8 billion in 2024.<\/p>\n\n\n\n New investment in Battery Energy Storage Systems (BESS) continued to soar as the sector attracted $51.9 billion of deals across a variety of global markets, including both mature and emerging countries.<\/p>\n\n\n\n Interest in the sector also saw M&A deals for Energy Storage projects hit $4.8 billion in 2024.<\/p>\n\n\n\n After a late flurry of activity in 2024, Onshore Wind Project Financing deals rebounded by 13% to an annual volume of $112 billion.<\/p>\n\n\n\n Challenges such as cost fluctuations and supply chain constraints have affected certain segments of the renewables, particularly offshore wind, while other areas, including battery energy storage, have seen continued momentum.<\/p>\n\n\n\n Offshore Wind Project Financing fell by 40% in 2024 as a downturn across key global markets hit the sector and a number of companies working on developments.<\/p>\n\n\n\n Across all renewables, Asia Pacific attracted the largest volume of clean energy project investment in 2024, followed by Europe, North America, Africa & Middle East, and Latin & Central America.<\/p>\n\n\n\n Each country and jurisdiction does their own unique characteristics and obstacles regarding the development and financing of clean energy projects, with some containing more favourable policies depending on the technology. <\/p>\n\n\n\n Geopolitical headwinds, supply chain issues, and challenges concerning the cost of capital are among the major hurdles for the renewables sector to tackle into 2025 and beyond.<\/p>\n\n\n\n