11 Jul '18, 4pm

Wind power investments rose in first half of 2018, whilst solar spending dropped

The total financing spent on wind power investments rose to $57.2bn in the first half of 2018. Total investments in the sector has rose year-on-year by 33% since the first six months of 2017, according to Bloomberg New Energy Finance. The US spent 121% more on wind projects during the review period, totalling $17.5 – almost 31% of the global total. However, the total spending on solar photovoltaic (PV) projects has declined in the six months by 19%. The combined financing in the solar sector fell due to the drop in capital costs, with each megawatt casting less to install. SEE ALSO: The largest wind farm in Australia receives approval for planning Great Plains Energy and Westar Energy merger sees one of the largest wind power providers in the US All 11 turbines have been installed at the Aberdeen Offshore Wind Farm Read the latest issue of Energy Digital here China’s decli...

Full article: https://www.energydigital.com/renewable-energy/wind-power...

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