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Global Power Investment to Reach $443.5 Billion in 2017, Driven by Continued Strong Investment in Solar PV and Wind Power
The transition to a more decentralised and intelligent energy system will continue in 2017, driven by the continued regulatory support for renewable energy in a number of key markets. The 3 Ds of energy are driving future investment - increased decentralisation, the need to decarbonise electricity generation, and digitisation to boost the sector’s operational efficiency and open up new market opportunities.
The highest growth rates will be for solar PV, with investment forecast to increase by 11.5% to €141.6 billion in 2017. China continues to be the largest market in terms of revenue investment, but the fastest growth will come from India, which will see double-digit growth in investment to 2020. New business models that incentivise smarter consumption patterns, and the growth of energy storage technologies, will increasingly reduce the need for peak capacity investment in mature energy markets.
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