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Investments in Renewable Energy Topped Fossil Fuels Last Year

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.
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