IEA: Investment in key clean energy technologies topped $200bn in 2023

Cecilia Keating
clock • 3 min read
Tesla's gigafactory in Sparks, Nevada | Credit: iStock
Image:

Tesla's gigafactory in Sparks, Nevada | Credit: iStock

Investment in manufacturing capacity for solar PV, wind turbines, batteries, electrolysers, and heat pumps surged by 70 per cent last year, according to the International Energy Agency

Investment in manufacturing plants for key clean energy technologies surged more than 70 per cent in 2023, with just five sectors collectively accounting for roughly four per cent of all global GDP growth...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Cecilia Keating
Author spotlight

Cecilia Keating

View profile
More from Cecilia Keating

We need the transition to a low-carbon economy to reverse historic injustices

Why the Women in Green Business Awards is more important than ever

More on Energy

Sea Link: Government approves 2GW undersea power connection between Suffolk and Kent
Energy

Sea Link: Government approves 2GW undersea power connection between Suffolk and Kent

National Grid project capable of powering the equivalent of two million homes via a 138km high voltage electricity link given the green light by DESNZ

Stuart Stone
Stuart Stone
clock 30 October 2026 • 2 min read
'Obscene': Shell, BP and Equinor post 'bumper' third quarter profits
Energy

'Obscene': Shell, BP and Equinor post 'bumper' third quarter profits

Middle East crisis helps fossil fuel giants more than double year-on-year profits, which campaigners decry as a 'kick in the teeth' for UK billpayers

Stuart Stone
Stuart Stone
clock 30 October 2026 • 6 min read
'Startling act of climate hypocrisy': Scottish ministers approve new carbon capture gas power station at Peterhead
Energy

'Startling act of climate hypocrisy': Scottish ministers approve new carbon capture gas power station at Peterhead

Climate campaigners brand new fossil fuelled plant a 'catastrophic failure' from Scottish Government, but developers maintain pioneering project offers major boost to UK's clean energy system

Stuart Stone
Stuart Stone
clock 28 October 2026 • 5 min read