31 Mar '15, 7pm

Investors Spent a Record $2 Trillion on Renewables, Report Says

BERLIN -- Investors have spent more than $2 trillion on clean-energy plants in the past decade and last year added more renewable capacity than ever before. The $270 billion spent in 2014 on renewable technologies such as wind and solar reversed a two-year dip in investments and brought in a record 103 gigawatts of clean-energy power generation, according to a report released Tuesday by the United Nations Environment Program, the Frankfurt School and Bloomberg New Energy Finance. “In 2014, renewables made up nearly half of the net power capacity added worldwide,” Achim Steiner, UNEP’s executive director, said in a statement. “These climate-friendly energy technologies are now an indispensable component of the global energy mix. Their importance will only increase as markets mature, technology prices continue to fall and the need to rein in carbon emissions becomes ever mor...

Full article: http://www.renewableenergyworld.com/rea/news/article/2015...

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