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Renewables Investment Fell 23% This Year After Record 2015

  • China dropped 34% after a surge in installations last year
  • Last year’s investment was $20 billion more than estimated
Updated on

Global investment in renewable energy fell 23 percent in the first half of this year as the cost of installing solar panels declined and China paused the pace of its spending.

Wind, solar and other clean energy industries attracted $116.4 billion in the first two quarters of the year including $61.5 billion in the second quarter, according to Bloomberg New Energy Finance, a London-based researcher that tracks investment. It also revised up 2015’s total by almost $20 billion to a record $348.5 billion.