Global Trends in Renewable Energy Investment 2018
11. May 2018
Solar power rose to record prominence in 2017, as the world installed 98 gigawatts of new solar power projects, more than the net additions of coal, gas and nuclear plants put together. The solar build-out represented 38% of all the net new generating capacity added (renewable, fossil fuel and nuclear) last year. China accounted for just over half of that new global solar capacity in 2017, and it accounted for 45% of the $279.8 billion committed worldwide to all renewables (excluding large hydro-electric projects).
Frankfurt School-UNEP Collaborating Centre for Climate & Sustainable Energy Finance et al. | Global Trends in Renewable Energy Investment