Solar power the leader in rising renewable energy investment
Global investment in solar power jumped 52% in 2011: Report Startup Smart, By Michelle Hammond, 13 June 2012 Global investment in the renewable energy sector surged by 17% to a record $257 billion in 2011, a new report reveals, while total investment in solar power jumped by a whopping 52%.
Global Trends in Renewable Energy Investment 2012 is the fifth edition
of the United Nations Environment Programme report. It’s based on data
from Bloomberg New Energy Finance.
The report reveals global investment in the renewable energy sector
hit another record in 2011, up 17% to $257 billion.
According to United Nations Under-Secretary General Achim Steiner, the
executive director of UNEP, this was a six-fold increase on the 2004
figure and 93% higher than the total in 2007………… One of the
dominant features of the renewable energy sector in 2011 was falling
technology costs, the report said…..
According to the report, the performance of solar owed most to “booming” rooftop PV installations in Germany and Italy, as property owners took advantage of falling panel prices.
Small-scale projects attracted $76 billion of investment worldwide in
2011, up a quarter from the $60 billion spent in 2010, despite falling
prices for PV panels.
In addition to Italy and Germany, Australia, Japan, the United States,
the United Kingdom and France also saw significant investment in
small-scale PV….. http://www.startupsmart.com.au/funding/global-investment-in-solar-power-jumped-52-in-2011-report/201206136586.html
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