12 Jan '12, 10pm

Worldwide Renewable Energy Investments Rose to Record $260 Billion in 2011

In contrast to what the press led most Americans to believe, 2011 was a strong year for the renewable energy industry. Despite a sluggish economy and a painful squeeze on manufacturers, investments in renewable energy rose 5% from 2010 to $260 billion. That's a new record and almost five times the $53.6 billion spent in 2004. Even with all the headwinds the solar industry faced last year, solar led investments (far outstripping wind), and for the first time since 2008, the US took back its leading position over China, according to Bloomberg New Energy Finance. 2011 was also another milestone - it marks the year when the trillionth dollar entered the industry. These results are even more impressive when one considers the economic backdrop last year: severe pressure on manufacturer profit margins, a smear campaign in the US against investing in solar, extremely sharp fall-of...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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