New clean energy investment worldwide rose by 3 percent last year to $333.5 billion from a year earlier, driven by a surge in solar photovoltaic (PV) installations, research showed on Tuesday.
The figure is below 2015’s record amount of $360.3 billion, Bloomberg New Energy Finance (BNEF) said in an annual report.
Solar investment totaled $160.8 billion in 2017, up 18 percent from the previous year even though technology costs have fallen. Just over half of that was spent in China, the research showed.
“The 2017 total is all the more remarkable when you consider that capital costs for the leading technology — solar read more >>>