28 Jan '18, 11am

Chinese #solar boom sparks global renewables boon!

A Chinese boom in solar panel installation last year helped drive global investment in renewable clean energy technology to record levels, a new study showed Tuesday. After a dip in 2016, overall global investment in the sector rose 3.0 percent to a total $333.5 billion, offsetting falls in Japan, Germany and Britain, according to the Bloomberg New Energy Finance (BNEF) study. That was the second best annual showing to date after $360.3 billion in 2015. "The 2017 total is all the more remarkable when you consider that capital costs for the leading technology -- solar -- continue to fall sharply," said BNEF chief executive Jon Moore. Solar investment came in at $160.8 billion in 2017, a rise of 18 percent despite per megawatt capital costs falling by around a quarter, with China accounting for around half the overall total at $86.5 billion -- up 24 percent, the study said. ...

Full article: http://www.solardaily.com/reports/Chinese_solar_boom_spar...

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