16 Nov '11, 2pm

Global renewable energy investment to double over next 10 years

Global investment in renewable energy infrastructure will double over the next 10 years, soaring to $395bn a year by 2020, according to a major new report from Bloomberg New Energy Finance (BNEF). The report, entitled Global Renewable Energy Market Outlook , also predicts that growth will be maintained throughout the 2020s, with annual investment in new capacity and retrofitting of existing infrastructure reaching $460bn by 2030. FURTHER READING Green policy uncertainty sees UK slip down energy sustainability rankings Clyde Blowers shifts up a gear with Moventas wind power deal Speaking to BusinessGreen , Guy Turner, director of commodity market research at BNEF, said that the surge in investment will prove a truly global phenomenon. "One of the most startling statistics is that around 40 per cent of global power demand will come outside the EU, North America and the BRIC ...

Full article: http://www.businessgreen.com/bg/news/2125492/global-renew...

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