26 Nov '11, 8pm

'Spending on new renewable energy capacity to total $7trillion over next 20 years' - Bloomberg:

London and New York, 16 November 2011 – The annual value of renewable energy capacity installed will double in real terms to $395bn in 2020, rising to $460bn in 2030, compared with $195bn in 2010 – according to analysis company Bloomberg New Energy Finance. As a result, in 20 years' time 15.7% of total energy production will come from renewable sources (including large hydro), up from 12.6% last year. These are the results of the Global Renewable Energy Market Outlook, a major new piece of research published for Bloomberg New Energy Finance clients, presenting the firm’s latest forecasts on the size of the world renewable energy markets out to 2030. Geographically, Europe will remain one of the biggest markets for money spent on renewable energy projects for the next three years, but with a dwindling share of world investment as European Union governments scale back clean ...

Full article: http://bnef.com/PressReleases/view/173

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