China’s Investment Lead on Solar, Wind ‘May Fade Entirely’ by 2027

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China’s annual investments in wind and solar power have outpaced the rest of the world’s due to a strong government push, but its lead is narrowing as other countries boost spending on the industry, according to a report by Rystad Energy, a Norway-based think tank.

The investment gap between China and other major economies is projected to shrink by the end of this year and “may fade entirely by 2027,” Rystad said in an analysis last month.

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China's investment in wind and solar power, totaling $391 billion in 2023, surpasses the rest of the world combined, but the gap is shrinking as others increase investments.
Chinese companies lead in global cleantech investment, committing over $100 billion from Jan 2023 to Sept 2023, especially in Eastern Europe, North Africa, and Central Asia, partly to bypass tariffs.
By 2028, global investment in renewables is predicted to surpass China's, with the rest of the world projected to spend $560 billion compared to China's $509 billion.

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