On August 29, 2025, analysts highlighted how the global energy transition has reached a decisive point: in 91% of projects worldwide, clean energy outcompetes fossil fuels on cost. Solar and wind projects are now being delivered at prices as low as $0.034–$0.043 per kilowatt-hour, levels once thought unattainable. This shift signals that renewable energy is not only a climate solution but also the most economically rational choice for new infrastructure development.
The implications for emerging markets are particularly striking. Countries facing chronic energy poverty—where millions still lack reliable electricity access—can now turn to renewables as the lowest-cost pathway to expand supply. However, financing remains a major bottleneck. Experts stress the need for blended finance mechanisms, where public and multilateral funds help de-risk projects and attract private investment. Without such frameworks, the regions that most need affordable clean power risk being left behind, despite renewables’ falling costs.
This analysis underscores how the energy transition has evolved from a technological challenge into a financial and governance one. With capital increasingly available but unevenly distributed, the focus must shift to building pipelines of bankable projects, ensuring grid readiness, and strengthening institutional capacity. Unlocking renewable infrastructure in underserved regions would not only reduce emissions but also transform energy access, bringing millions out of poverty while aligning development with global decarbonization goals.