Asian solar spending helps drive renewable energy boom

Posted by Mike Confino, April 2, 2015

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Almost half of global investment in new electricity generation last year was in renewables, thanks to a hike in investment by developing countries, says a UN report.

Global investment in green energy rose 17 per cent, but developing countries saw a surge of 36 per cent. The big spending was on solar power in Asia, as well as on wind turbines in the North Sea.

Chinese investment – up 37 per cent at $83 billion – again beat the US. But Brazil, India and South Africa were all in the top 10 investors, while Indonesia, Chile, Mexico, Kenya and Turkey all invested more than a billion dollars in green electricity in 2014.

via Asian solar spending helps drive renewable energy boom – tech – 31 March 2015 – New Scientist.

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