Bloomberg New Energy Finance published its latest report.
Total investment of 310bn represented a more than FIVE-FOLD INCREASE on the 60.2bn achieved a decade earlier. The strong performance left investment levels just TWO PER CENT SHORT of the record annual investment of 317.5bn.
"SOLAR WAS THE BIGGEST SINGLE CONTRIBUTOR, THANKS TO THE HUGE IMPROVEMENTS IN ITS COST-COMPETITIVENESS OVER THE LAST FIVE YEARS."
Michael Liebreich, chairman of the advisory board for BNEF.
UK INVESTMENT CLIMBED TO 15.2BN
CHINA jumped 32% to a record 89.5bn, US market grew 8% per cent to 51.8bn, JAPAN climbed 12% to 41.3bn, CANADA soared 26% to 9bn.
In Europe GERMAN investment climbed to 15.3bn, FRANCE jumped 26% to 7bn.
Globally, the market was dominated by SOLAR PROJECTS, as falling technology costs helped drive a 25 PER CENT YEAR-ON-YEAR INCREASE in investment to just short of 150BN. Wind energy investment rose 11 per cent to nearly 100bn, while investment in so-called "energy smart technologies" climbed 10 per cent to just over 37bn. The picture was less encouraging for biofuels, biomass and waste-to-energy, and small hydro-electric projects, which saw investment levels fall seven per cent, 10 per cent and 17 per cent, respectively.
SO HAPPY NEW YEAR AND HERE'S TO A POSITIVE FUTURE !
The post Clean industry strongest growth for years - 310bn ! appeared first on Caplor Energy.
Reference: our-green-energy.blogspot.com
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