Solar boom in China powers growth in clean energy investment

27 Feb Solar boom in China powers growth in clean energy investment

World clean energy investment totalled $333.5 billion last year, up 3% from 2016 and the second highest annual figure ever.

Solar investment globally amounted to $160.8 billion in 2017, up 18% on the previous year, with just over half of the world total ($86.5 billion) spent in China – 58% higher than in 2016.

The figures, released annually by Bloomberg New Energy Finance, also saw UK investment drop by  56% to $10.3 billion in the face of changes in policy support for renewables.

Check out the data and Bloomberg’s energy predictions for 2018 here.