Green Energy Boom Picks Up Speed Even as Investment Stagnates
- Wind and solar technology gains mean power plants yield more
- Government auctions also squeezing costs lower, BNEF says
Investors in wind and solar power are getting more capacity for their money as the cost of the technology tumbles
Photographer: Martin Leissl/BloombergThis article is for subscribers only.
Investors in wind and solar power are getting more capacity for their money as the cost of the technology tumbles, making alternatives to fossil fuel more competitive.
That’s the conclusion of Bloomberg New Energy Finance, which found dramatic improvements in wind and solar technology is helping to boost the amount of power generated from each plant -- and the cash they yield. That allowed installations to grow by almost 70 percent in the last five years even as investment flat lined.