Connect with us

Subscribe

renewable energy

China fuels clean energy investment

Worldwide investment in clean power in 2017 was the second highest ever made annually, according to a report from Bloomberg New Energy Finance (BNEF).

The BNEF report shows investments totalled $333.5 billion, up 3% on 2016. China made a major contribution, thanks to its 53GW of installed solar. The $86.5 billion it spent on solar energy was more than half the total amount invested in this renewable source globally.

Jon Moore, chief executive of BNEF, said: “The 2017 total is all the more remarkable when you consider that capital costs for the leading technology – solar – continue to fall sharply. Typical utility-scale PV systems were about 25% cheaper per megawatt last year than they were two years earlier.”

Check out the full BNEF report for a breakdown on how different parts of the world are performing in accelerating the energy transition.

Newsletter Signup

Written By

Advertisement
Advertisement
Advertisement

China China

China begins carbon trading

technology

China fund targets climate action

renewable energy

China tops renewables league

renewable energy

China joins ‘green building movement’

circular

Connect
Newsletter Signup