This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress
Global energy investments are expected to reach a record level of $ 3.300 billion in 2025, according to the International Energy Agency (AIE).
Clean energy technologies, including renewable energies, nuclear power and energy storage, should attract $ 2.200 billion in investments, twice as much as fossil fuels, estimates the IAI in its annual report on global energy investments.
Investments in oil, natural gas and coal should reach $ 1.100 billion, according to the report.
“In a context of geopolitical and economic uncertainties which darkened the prospects of the global energy sector, energy security appears as an essential engine of global investment growth this year, which reached the record figure of $ 3,300 billion, countries and businesses seeking to protect themselves from a wide range of risks,” said Fatih Birol, quoted in a agency press release.
“The rapid development of the economic and commercial situation encourages certain investors to adopt an wait-and-see attitude as to the approval of new energy projects, but in most areas, we do not yet see any significant impact on existing projects,” he added.
Over the past decade, the share of China in clean energy spending has increased from a quarter to almost a third party, supported by significant investments in a wide range of technologies, including solar energy, wind, hydroelectricity, nuclear, batteries and electric vehicles, reports the report.
At the same time, global spending devoted to the oil and gas sector upstream is concentrated in the Middle East, according to the same source.
Globally, expenses devoted to low -emission electricity production has almost doubled in the past five years, thanks to photovoltaic solar, noting the agency, adding that solar investments, both industrial and rooftops, should reach $ 450 billion in 2025, which makes it the most important post in global energy investments.
Investments in battery storage are also increasing rapidly, exceeding $ 65 billion this year.
Capital flows to nuclear energy have increased by 50% over the past five years and are expected to reach around $ 75 billion in 2025. Rapid growth in electricity demand also supports investment in coal supply, mainly in China and India.
According to the report, investments in oil and gas should decrease, investments upstream in oil to drop by 6% in 2025, under the decline in oil prices and demand forecasts, and register their first decrease since the COVID crisis in 2020.
The AIE has also warned that investments in networks, which amount to $ 400 billion per year, are lower than the expenses devoted to production and electrification, which could constitute a risk to the security of electricity supply.
Investments in networks will have to reach a level close to that of production expenses by the early 2030s capable of maintaining the security of electricity supply, but they are braked by administrative heaviness and stretched supply chains for transformers and cables, concludes the same source.
