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FDI In Renewable Energy: A Success Story

The Covid-19 pandemic has accelerated the transition to net zero, making renewable energy a growing attraction for FDI. By Viola Caon Investment Monitor

The race to achieving net-zero emissions is a reality by now across industries and geographies. The timing is just right for investment in renewable energy and other sources of alternative power to bloom, as the sector has matured.

According to GlobalData’s FDI Projects Database, foreign direct investment (FDI) into greenfield renewables and alternative power projects has grown by 40% in the period between 2019 and 2021, going from 444 projects worldwide in 2019 to 789 in 2021.

Provisional data for 2022 shows that trend is being upheld with a total 811 projects in the period from January to October.

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