The current picture in the global energy sector is becoming increasingly clear. Over the past decade, the energy transition process has significantly accelerated. By 2024, it is expected that 92% of all new capacities worldwide will come from renewable energy sources (RES).
Investment in this area has reached nearly $2.2 trillion, which is twice the investment in fossil fuels. The main factor contributing to this growth is the global goal of achieving carbon neutrality that the world is striving for, as well as the sharp decline in technology prices,” noted the analyst.
Forecasts by the EAEU on 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 Capacity |
| 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 Plants | 5000 | 8-25 | 16 | Yes | Low |
| Source: | EAEU |
