Global investments in clean energy have surpassed investments in fossil fuels for the second consecutive year, according to the report. Energy Transition Investment Trends, from BloombergNEF.
The survey shows that global investments in the energy transition reached a record US$2,3 trillion in 2025, representing an 8% increase compared to 2024.
The main drivers of this progress were electrified transport, with US$893 billion, followed by renewable energy (US$690 billion) and investments in electricity grids (US$483 billion).
Conversely, investment in fossil fuels fell for the first time since 2020, registering a drop of US$9 billion compared to the previous year. This movement reflects the reduction in spending on oil and gas exploration and production (-US$9 billion) and on thermoelectric generation from fossil fuels (-US$14 billion).
Market maturation
Despite record-high volumes of investment in energy transition, the growth rate has been slowing in recent years, falling from 27% in 2021 to 8% in 2025.
According to BloombergNEF, this indicates a process of maturation and consolidation in the market. "Last year demonstrated that, despite political and commercial challenges, the global energy transition is resilient and offers diverse opportunities for investors," stated Albert Cheung, vice president of BloombergNEF.
According to the executive, as economies seek to strengthen energy security and develop domestic supply chains, investments in clean energy should continue to grow, with a particular emphasis on the global expansion of data centers.
Last year, the Asia-Pacific region maintained its leadership, concentrating 47% of global investments in clean energy in 2025. China, the world's largest market, remained in the lead in absolute terms, with US$800 billion, although it recorded its first decline in renewable energy investments since 2013.
India saw a 15% increase, reaching US$68 billion, while the European Union advanced 18%, totaling US$455 billion. In the United States, investments grew 3,5%, totaling US$378 billion, despite measures adopted by the Trump administration in favor of oil and gas.
Supply chain
Investments in the clean energy supply chain – which includes new clean technology factories – are projected to grow by 6% in 2025, reaching US$127 billion. This amount includes industrial plants focused on the production of solar equipment, batteries, electrolyzers, wind turbines, as well as mines and metal processing units geared towards the sector.
The growth was driven primarily by the expansion of battery manufacturing and investments in critical materials. China continues to account for the largest share of this market, a trend that, according to BloombergNEF, is expected to continue for the next three years.
Data centers gain prominence.
Another highlight of the survey is the investment in data centers, estimated at US$500 billion in 2025, a figure that surpassed global investments in solar energy and was second only to electrified transportation.
According to BloombergNEF, although financing for renewables has shown signs of slowing down, the more mature segments of the energy transition continue to dominate global investments.
"Renewable energies, energy storage, electric vehicles and power grids are relatively conventional technologies, with low risk and increasingly well-established business models," the report concludes.
The BloombergNEF study is available here. link.
all the content of Canal Solar is protected by copyright law, and partial or total reproduction of this site in any medium is expressly prohibited. If you are interested in collaborating or reusing part of our material, please contact us by email: redacao@canalsolar.com.br.
