The Asia Pacific (APAC) region has emerged as the largest market for solar photovoltaic (PV) and wind installed capacity, boasting 1.18 TW and 0.67 TW in 2024, respectively, according to a new report.Solar PV systems are poised to spearhead new investments, outpacing both onshore and offshore wind sectors.In 2024, solar PV garnered $329.1 billion in investments.

In contrast, onshore wind investments stood at $151.2 billion, while offshore wind investments reached $69.6 billion by the end of 2024, according to GlobalData, a leading data and analytics company.“Looking ahead, the onshore wind sector is forecasted to grow to $186.9 billion and the offshore wind sector to $150.4 billion by 2030.

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