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With More Bang for the Buck, Renewables Providing Most New Power

  • Clean power delivered 55% of new capacity worldwide in 2016
  • Lower investment was offset by falling prices for wind, solar
The GE-Alstom Block Island Wind Farm off of Block Island, Rhode Island, on Sept. 14, 2016.
Photographer: Eric Thayer/Bloomberg
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Renewables were the biggest new source of electricity last year as the cost of building new wind and solar farms fell.

Clean energy provided 55 percent of all new capacity added worldwide, the most ever, and total investment was about double the amount for generators driven by fossil fuels, according to a report published Thursday by UN Environment, the Frankfurt School-UNEP Collaborating Centre and Bloomberg New Energy Finance.