20 Jan '18, 12am

#RenewableEnergy is taking off around the world (and we couldn’t be more excited) https://t.co/d9ob7Gsxx8

China hit record levels of clean energy investment in 2017, according to the latest annual analysis from Bloomberg New Energy Finance. The country increased its clean energy spending last year by 24 percent, to a total of $132.6 billion. Most of that money, $86.5 billion, went to solar. BNEF estimates China installed a “runaway” 53 gigawatts of PV capacity in 2017, which is approximately 20 more gigawatts than analysts originally projected. GTM Research estimates the country’s total installs just under that number, at 52 gigawatts. And China wasn’t the only record-setter, according to BNEF. Australia grew renewables investment by 150 percent, to a record $9 billion. Energy-smart technologies, such as smart meters and battery storage, also hit record-high investment at $48.8 billion, an increase of 7 percent over 2016. All told, clean energy investment reached a record annu...

Full article: https://www.greentechmedia.com/articles/read/china-more-t...

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