30 Jan '12, 6pm

Clean Energy Records Shattered in 2011: $53 Billion in New Deals, $260 Billion in Investment

Clean Energy Records Shattered in 2011: $53 Billion in New Deals, $260 Billion in Investment

Business continues to boom in the global clean energy sector: Reuters reports that deals in the solar, wind, and energy efficiency industries netted a record $53.5 billion last year. That's a rather significant 40% from 2010 , according to the analysis from PriceWaterHouse Coopers. And what's more, total investment in renewable energy broke the record, too: $260 billion was directed to the burgeoning business of clean power. Even more encouraging was the fact that hydro power, which is typically the primary driver in renewable energy portfolio growth, took a deep back seat to wind, solar, and energy efficiency. Here's Reuters: Historically, hydro power has dominated renewables deal flow, but deals worth $1 billion or more in wind, solar, biomass and energy efficiency have outnumbered hydro by seven to one , the PriceWaterHouse Coopers report said. The renewables market is ...

Full article: http://www.treehugger.com/green-investments/worldwide-ren...

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