Andrea Meola: Future investments in renewable energy to be directed toward Asian countries

In the coming years, investments in renewable energy sources will primarily be directed toward Asian countries, according to Andrea Meola, Global Markets and Business Development Director at Italy's CESI Consulting, Report informs.

Speaking during the event titled "Green Energy Week 2025: Azerbaijan and Central Asia," held in Baku, Meola noted that currently, 40% of Italy's annual energy demand is met by the renewable energy sector: "On certain days, 100% of demand is covered by renewables. Of the 70 gigawatts of installed capacity in Italy, 40 gigawatts come from solar energy. Italy has made a rapid transition from traditional energy production to renewable generation. Italy is just one example-many other countries have gone even further in transforming their energy systems."

The official emphasized that countries engaged in renewable energy production must consider all relevant conditions and circumstances: "This includes border constraints, the level of relations with other countries, and the type of traditional energy production. Nations must also understand how quickly they can respond to unexpected events. I'd like to point out that globally, around $300 billion is spent annually on the renewable energy sector. However, this figure will increase significantly in the coming years. Most of these investments will be made in Asia-not only because Asia currently accounts for 50% of global installed generation capacity, but also due to the region's unique dynamics in this field."