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Standard & Poor's says investments in clean energy technology could grow by up to 20% in 2024.

Ursula Curtis by Ursula Curtis
March 16, 2024
in Economy
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Standard & Poor's says investments in clean energy technology could grow by up to 20% in 2024.
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Also according to S&P, the values ​​in question could reach 800 billion by the end of this year, which, if confirmed, would represent a significant development compared to last year's figures.

Investments in clean energy technology should register significant growth. According to S&P Global Commodity Insights forecasts, this increase, compared to 2023, could range between 10% and 20%.

Also according to S&P, the values ​​in question could reach 800 billion by the end of this year, which, if confirmed, would represent a significant development compared to last year's figures.

Solar energy comes at the forefront of investments in this field, as it is expected to constitute about 55% of the total. In turn, wind energy Wild It remains an important sector in terms of absolute investment, although its growth is more gradual. The battery energy storage and electrolysis sectors are the fastest growing and will attract new investments.

More than 6,500 individual solar energy and energy storage projects are expected to come into effect during the year, in addition to the projects already distributed, reflecting a large and diverse investment opportunity.

About 150 green hydrogen projects and 65 carbon capture, utilization and storage projects are also expected to be completed, including capture, transport and storage phases.

Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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