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As Oil Crashed, Renewables Attract Record $329 Billion
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Corrected
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Wind and solar added about 121 gigawatts of capacity
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China remained biggest market investing double U.S. levels
The slump in oil prices that’s brought upheaval and cost-cutting to the traditional energy industry spared renewables such as solar and wind, which raked in a record $329.3 billion of investment last year.
The 4 percent increase in clean energy technology spending from 2014 reflected tumbling prices for photovoltaics and wind turbines as well as a few big financings for offshore wind farms on the drawing board for years, according to research from Bloomberg New Energy Finance released on Thursday.
