12 Jul '17, 9pm

Solar Leads a Recovery in Global Clean Energy Investment

Global clean energy investment has rallied from a months-long slump, thanks to solar. The second quarter of 2017 saw $64.8 billion invested in clean energy around the world, up 21 percent from the first quarter of this year, according to the latest figures from Bloomberg New Energy Finance (BNEF). This marks the highest for any quarter since Q2 2016. The financing of two enormous photovoltaic projects in the United Arab Emirates helped to drive a recovery in global clean energy investment. The 800-megawatt Sheikh Mohammed Bin Rashid Al-Maktoum III plant in Dubai and the 1.2 gigawatt Marubeni JinkoSolar and Adwea Sweihan project in Abu Dhabi contributed a collective $1.9 billion to the global investment total last quarter. While these project investments represent an enormous sum, the power prices for these large-scale solar projects are some of the lowest ever recorded. Wh...

Full article: https://www.greentechmedia.com/articles/read/solar-leads-...

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The financing of two huge solar photovoltaic projects in the United Arab Emirates (U.A.E.) helped to drive a recovery in g...

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