Global renewable energy investment hits record $329 billion in 2015

15/01/2016 10:50


Clean energy investment worldwide attained a record of $329.3 billion in 2015 since investors shrugged off decreasing fossil fuel prices and currency fluctuations and installed the highest ever amount of green power capacity, as shown in a research on Thursday.

The most renewable energy investments in 2015 was made by China, or $110.5 billion, which is 17 percent more than in 2014. Other developing markets also registered significant gains, such as South Africa, Chile and Mexico. Investment in clean sources of energy, such as wind and solar, was 4 percent higher than 2014's revised figure of $315.9 billion and was almost six times the quantity of 2004, according to a Bloomberg New Energy Finance report. Renewable capacity installation was 30 percent higher than in 2014, with 64 gigawatts of wind and 57 GW of solar photovoltaic (PV) put into operation last year. The increase happened even if prices for oil and natural gas fell, Europe's economy remained weak and the U.S. currency reinforced, which reduced the dollar value of non-dollar investments.

Daily (01.07.2020): The German Cal ’21 power at its highest level since the end of February, driven by economic optimism, higher carbon and coal prices

01/07/2020 09:48:00

Oil prices reversed previous gains on Tuesday as Libya prepares to resume crude exports, intensifying concerns over a possible oversupply on the market. Hence, Brent crude for August delivery, which expired yesterday, fell by 56 cents, or 1.2%, to settle at $41.15. The more-active September contract lost 58 cents at $41.27 a barrel. At the same time, U.S. WTI crude dropped by 43 cents, or 1%, to end at $39.27 a barrel. However, for the month, Brent and WTI gained 16.5% and 12.4% respectively.


Equinor to build hydrogen plant with carbon capture in Britain

01/07/2020 09:36:00

Equinor plans to build in Britain a plant to produce hydrogen from natural gas in combination with carbon capture and storage, the Norwegian oil firm said on Wednesday.


German utility E.ON to invest over 375 mln euro in Romania by 2023

01/07/2020 09:28:00

German utility E.ON said on Tuesday it plans to invest about 375 million euro ($422.5 million) in Romania during the period 2020-2023, through its two local subsidiaries Delgaz Grid and E.ON Energie Romania.