Solar Power Investment Outstripped Coal, Gas And Nuclear Combined In 2017

More money was invested in solar power in 2017 than in coal, gas and nuclear power combined, according to a new report for the United Nations Environment Programme (UNEP).

The report says that global investment in solar rose 18% to $160.8 billion, driven by the Chinese market, which was responsible for more than half of the world’s 98GW of new solar capacity.

Solar power made up 57% of last year’s total for all renewables (excluding large hydro) of $279.8 billion, and it towered above new investment in coal and gas generation capacity, at an estimated $103 billion.

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