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Global solar power investment to reach $ 3.7 trillion by 2040

Report: The world will invest $ 3.7 trillion in solar by 2040,WP, By Chris Mooney June 23 The world’s energy portfolio will get vastly cleaner by the year 2040, says a new long-term energy outlook from Bloomberg New Energy Finance — but not clean enough.

Out to 2040, the world will see a jaw-dropping growth of solar energy, especially on rooftops. BNEF projects $ 3.7 trillion of solar investment in the next 25 years — 35 percent of new electricity-generating capacity. And $2.2 trillion of that investment will be for individual rooftops or other “local” installations, rather than large utility-scale arrays…….http://www.washingtonpost.com/news/energy-environment/wp/2015/06/23/our-solar-future-still-has-a-lot-of-coal-plants-in-the-background/?postshare=3131435158010724

June 26, 2015 - Posted by Christina Macpherson | 2 WORLD, renewable