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Home / News / Science News / Investments in renewable energy hit record levels
  • Science

    Investments in renewable energy hit record levels

    Mansi Motwani
    Written by
    Mansi Motwani
    Mail
    Last updated on Jan 08, 2017, 10:44 am
    Investments in renewable energy hit record levels
  • According to the Renewables Global Status report, in 2015, double the amount was spent in investments in renewables than new coal and gas-fired power plants.

    By the end of 2015, renewable energy was enough to yield 23.7% of the world's electricity.

    The report, released by REN21 stated that a record amount of 1,849 gigawatts (GW) of power from renewable sources was generated in 2015.

  • In this article
    About REN21 Investments in renewable energy hit record levels The top investors in renewables Poor countries invest more than the rich Europe no more the Global Leader Record created despite low oil prices
  • Introduction

    About REN21

    About REN21
  • REN21, the Renewable Energy Policy Network for the 21st Century is a global renewable energy multi-stakeholder policy network.

    Its goal is to promote knowledge exchange and policy development towards a global transition to renewable energy.

    An international non-profit association, it brings together governments, NGO's, research and academic institutions, international organisations and industries.

    It is based at UNEP (United Nations Environment Programme) in Paris, France.

  • 1 Jun 2016

    Investments in renewable energy hit record levels

    Investments in renewable energy hit record levels
  • According to the Renewables Global Status report, in 2015, double the amount was spent in investments in renewables than new coal and gas-fired power plants.

    By the end of 2015, renewable energy was enough to yield 23.7% of the world's electricity.

    The report, released by REN21 stated that a record amount of 1,849 gigawatts (GW) of power from renewable sources was generated in 2015.

  • Information

    The top investors in renewables

  • Topping the league table for investment in renewable power and fuels apart from large-scale hydro was China, followed by the United States, Japan, UK and India. Mauritania came first in a league based on investment in proportion to GDP.

  • International Investors

    Poor countries invest more than the rich

    Poor countries invest more than the rich
  • More than £107bn out of the total £196.5bn was invested by developing countries like China, India and Brazil.

    China became the front-runner by expanding it's investments by 17%, which accounted for 36% of the total global investment.

    There was a notable increase in investments in developing countries like Morocco, Uruguay, Philippines and Pakistan.

    In developed countries, investments declined by 8% altogether.

  • EU falls

    Europe no more the Global Leader

    Europe no more the Global Leader
  • There was a considerable slump in Europe's investments on green energy, down 21% from the year before.

    According to the report, Asia invested more into renewables than Europe for the first time in 2015.

    Out of the total $328.9 billion invested globally in solar, wind and other renewable energy sources, Europe spent $48.8 billion, down from $62 billion a year earlier.

  • Information

    Record created despite low oil prices

  • Christine Lins, REN21's executive secretary said, "What is truly remarkable about these results is that they were achieved at a time when fossil fuel prices were at historic lows, and renewables remained at a significant disadvantage in terms of government subsidies."

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