Global clean energy investment rebounds with 16% growth
Clean energy investment bounced back strongly in 2014, totalling $310bn, the highest amount since 2011 and a year-on-year growth of 16%, writes Edie.net.
The figure – which represents a 500% increase on 2004 – was boosted by newly competitive large-scale and rooftop solar PV, and a record number of offshore wind projects, according to the report from London-based analyst Bloomberg New Energy Finance (BNEF).
Solar accounted for almost half of total clean energy investment in 2014, its highest share ever. Last year, solar attracted funding worth $149.6bn, up 25% on 2013.
Investment in wind rose 11% to almost $100bn, while the third-largest sector was energy-smart technologies, including smart grids, power storage, efficiency and electrified transport, with $37.1bn of investment, up 10%.