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Renewables set to smash FDI record in 2022

Megaprojects in hydrogen and offshore wind are behind another boom year for the sector

Foreign investors announced 327 projects in renewable energy between January and July, which is in line with the average recorded in the previous three years, according to fDi Markets figures. However, those 327 projects mobilised as much as $132.2bn in committed capital expenditure, which is already higher than full-year figures in 2021 and 2020, and slightly short of the $138.3bn announced in full 2019, which remains the biggest FDI year for the sector, fDi Markets figures show.

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