, APAC
Chart from Rystad Energy.

Asia’s low-carbon investment to increase 12% YoY in 2023

Africa is expected to see the highest growth of 26%.

Low-carbon investments in Asia are expected to increase by 12% year-on-year (YoY) in 2023 but will remain to be the highest in value, driven by China’s targets for the wind and solar sectors.

In a report, Rystad Energy said the location of confirmed projects for 2023 shows that Africa would attract the highest investment growth at 26% due to the onshore wind projects in Australia.

It is followed by Australia with a projected 23% growth across almost all energy sectors.

READ MORE: Low-carbon projects spending to increase 10% YoY in 2023: Rystad

Meanwhile, North American investments will grow by 9% YoY, boosted by the US Inflation Reduction Act and “ a step-up in renewables and CCUS.”

Europe is only expected to grow 7%, lower than the increase needed to achieve the European Union’s REPowerEU ambitions, due to the challenges posed by high inflation and the regional supply chain crisis.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!