Deals
Clean Energy Investment Rises to $260 Billion, Boosted by Solar
This article is for subscribers only.
Renewable energy investment rose 5 percent to a record $260 billion last year driven by a surge in solar developments and increased spending in the U.S., Bloomberg New Energy Finance said.
New spending on solar energy jumped 36 percent to $136.6 billion in 2011, outpacing the $74.9 billion put into wind power, the London-based research company said today in a statement. Spending in the U.S. rose by a third to $55.9 billion, surpassing the 1 percent gain in China to $47.4 billion.