
The global energy transition is accelerating. Renewable energy investment reached $1.8 trillion globally in 2024, outpacing fossil fuel investment for the fourth consecutive year. This isn't ideology—it's economics driving the most significant industrial transformation since electrification itself.
Renewable energy costs have plummeted. Solar costs decreased 90% over the past decade. Wind energy dropped 70%. These represent fundamental shifts in energy economics that make renewables the cheapest option for new generation capacity in most markets.
Solar comprises 60% of our renewable portfolio. Our largest solar farm in Southeast Asia generates 200MW, powering 80,000 homes annually. Combined with battery storage, it provides dispatchable clean power that displaces coal generation.
Our North Sea wind farm generates 150MW with capacity factors exceeding 50%—double that of most onshore facilities. Our newest installations feature 12MW units with 220-meter rotor diameters.
Battery costs have fallen 85% since 2010, making large-scale storage economically viable. Beyond lithium-ion batteries, we're investing in flow batteries for long-duration storage and green hydrogen production for seasonal storage.
Our pipeline includes 1,000MW of additional capacity under development. We're exploring emerging markets in Africa and Latin America where renewable resources are abundant but underdeveloped. The next decade will see renewable energy transform from alternative to mainstream.