Overview

• Renewables accounted for 92.5% of new global power capacity and supplied 74% of electricity generation growth last year, with solar 41% cheaper and onshore wind 53% cheaper than the cheapest fossil fuel alternatives.
• Global investment in clean energy topped $2 trillion in 2024, exceeding fossil fuel spending by about $800 billion and cementing financial momentum toward renewable sources.
• Despite renewable gains, fossil fuel production continues to expand, driven by rising energy demand from developing economies, AI data centers consuming power equivalent to 100,000 homes each, and increased cooling needs.
• UN Secretary-General António Guterres urged emerging economies to multiply annual clean energy investments fivefold by 2030 and called on major tech companies to power all AI data centers with renewables by the end of the decade.
• Mexico announced a MXN 624.6 billion investment plan for 2025–2030 with 31.5% earmarked for transmission and distribution to relieve grid constraints that limit utilization of its 28,320 MW of renewable capacity.