Annual figures from Bloomberg New Energy Finance (BNEF) show that global investment in renewable energy and energy-smart technologies reached $333.5 billion last year, up 3% from a revised $324.6 billion in 2016, and only 7% short of the record figure of $360.3 billion, reached in 2015.
Chinese investment in all the clean energy technologies was $132.6 billion, up 24% setting a new record. The next biggest investing country was the U.S., at $56.9 billion, up 1% on 2016.
Solar led the way, as mentioned above, attracting $160.8 billion – equivalent to 48% of the global total for all of clean energy investment.
Wind was the second-biggest sector for investment in 2017, at $107.2 billion. Down 12% on 2016 levels.
The third-biggest sector was energy-smart technologies, where asset finance of smart meters and battery storage, and equity-raising by specialist companies in smart grid, efficiency, storage and electric vehicles, reached $48.8 billion in 2017, up 7% on the previous year and the highest ever.
See:
“Runaway 53GW Solar Boom in China Pushed Global Clean Energy Investment Ahead in 2017” | Bloomberg New Energy Finance, 16 January 2018
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