For the first time, investments in renewable energy projects surpassed those in fossil fuel power plants, according to Bloomberg New Energy Finance. Last year, $187 billion was invested in renewable energy installations, while $157 billion was invested in new natural gas, oil and coal plants.
The increase in investments in the sector, even while in a down economy, has led to price drops in equipment and renewable energy power, making solar and wind power far more competitive with coal power.
It's no longer enviros saying the days of fossil fuel are numbered. We have institutional investors, Goldman Sachs, Bloomberg New Energy Finance, Citigroup, HSBC and many others in the financial industry warning that carbon-based co... Read Post
Investments in renewable energy, energy efficiency and "smart" energy technology surpassed the trillion-dollar milestone recently, while investments in renewable energy power plants are surpassing that for their fossil fuel counterp... Read Post
Renewable energy is surpassing fossil fuels for the first time in new power-plant investments, shaking off setbacks from the financial crisis…. Electricity from the wind, sun, waves and biomass drew $187 billion last year compared w... Read Post