Global renewable energy investment hits record $329 billion in 2015

15/01/2016 10:50

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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.

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