“Today, if we look at global energy, the picture becomes crystal clear. Over the past ten years, the transition to renewable energy sources has significantly accelerated. In 2024, 92% of all new capacities in the world will be accounted for by RES,” the analyst noted.
The volume of investments in this sector has reached nearly $2.2 trillion, which is twice the investment in fossil fuels. The main factor behind this growth is the drive for carbon neutrality, which has become a priority for many countries, as well as the sharp decline in prices for relevant technologies,” he added.
Forecasts of the EAEU regarding the cost of electricity from various sources for 2026
| Technology/Fuel | Total Installation Cost (USD/kW) | Specific Cost (cents/kWh) | GHG Emission Factors (gCO2/kWh) | Dispatchability | Balancing Capability |
| Onshore Wind Energy | 1000 | 3.4 | 12 | No | No |
| Solar Energy | 700 | 4.3 | 46 | No | No |
| Offshore Wind Energy | 2800 | 7.9 | 12 | No | No |
| Bioenergy | 3200 | 8.7 | 18 | Yes | Low |
| Geothermal Energy | 4000 | 6 | 45 | Yes | Low |
| Natural Gas | 2400 | 5-11 | 469 | Yes | High |
| Oil (GPP) | 2200 | 7-15 | 840 | Yes | High |
| Coal | 4000 | 7-17 | 1001 | Yes | Low |
| Nuclear Power | 5000 | 8-25 | 16 | Yes | Low |
| Source: | EAEU |
