30 Jan '16, 2pm

Global clean #energy #investment set a new record in 2015, attracting $329 billion

Clean energy investment boomed across the globe in 2015, amounting to $329 billion. That's 3 percent higher than the previous record set in 2011, according to Bloomberg New Energy Finance . Record investment flows into clean energy came even as fossil-fuel prices plummeted. Crude oil prices dropped to less than $30 a barrel on Friday, coal in Northwest Europe is down 35 percent, and U.S. natural-gas spot prices remain well below $3 per million BTU. “These figures are a stunning riposte to all those who expected clean energy investment to stall on falling oil and gas prices,” Michael Liebreich, chairman of the advisory board at Bloomberg New Energy Finance, said in a statement. The new record was a global effort. Nearly $200 billion came from asset finance for utility-scale projects. The largest of those were offshore wind farms in Europe and China, where the biggest projec...

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