Renewable energy investments continue to grow rapidly

Renewable Energy Investments - Jar of Coins

Report highlights the grown of clean power investments throughout the world Renewable energy is beginning to outpace coal, natural gas, and nuclear power, in terms of global investments. According to a new report from the International Energy Agency, investments in clean energy have grown quickly due to the rapidly falling costs associated with generating electricity using clean technology. Notably, both solar and wind have become the most heavily supported forms of clean power in the world. These two types of renewable power have attracted the majority of investments being made…

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Renewable power capacity sets new record in 2017

Renewable Energy Capacity - 2018 - Clover

Installed clean energy capacity reached 178 GW last year A record setting amount of clean power capacity was installed throughout the world in 2017, according to a report from REN21. The report shows that some 178 gigawatts of new capacity was installed last year. This represents the largest increase in clean power capacity ever recorded. Capacity is expected to continue well into the future as more countries begin to embrace renewable power. Solar saw significant growth in 2017 The report shows that solar saw the greatest increase in installed capacity.…

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Renewable energy is quickly becoming less expensive than fossil-fuels

Renewable Energy - Solar and Wind Farm

World Economic Forum shows that solar and wind are quickly reaching a price parity with fossil-fuels Renewable energy has made major strides this year. Throughout the world, more countries have committed to supporting clean power projects, with some of the world’s leading superpowers choosing to work together in order to curb emissions production and build new renewable energy systems. Over the past year, both wind and solar power have become much less expensive than they were in the past. Now, according to the World Economic Forum, 2016 has become the…

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Bill Gates to invest $2 billion in renewable energy

Gates shows more support for clean power Acclaimed billionaire Bill Gates has announced that he will be making sizeable investments in renewable energy initiatives, particularly those that make use of innovative technologies. Gates has become known as a prominent supporter of clean energy and sustainability, investing aggressively in solar power and similar types of energy. The Bill and Melinda Gates Foundation has a history of investing in environmentally conscious pursuits, but the organization also has a stake in the fossil-fuel sector, as it is invested in companies like British Petroleum.…

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UK plans to privatize its renewable energy funding bank

Green Investment Bank to be privatized in the coming years The UK government has plans to privatize the Green Investment Bank. The financial institution serve as a funding platform that supports various renewable energy projects. The organization was first established in 2012 and has since shown itself capable of funneling funds to innovative energy projects in the UK and elsewhere around the world. Since 2012, the institution has been managed by the UK government, which is now moving the bank into private ownership. The bank has invested more than $2…

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Renewable energy investments rose throughout the world in 2014

Report shows that 2014 saw more investment activity in the renewable energy space The United Nations Environment Program has released a new report, with the aid of Bloomberg New Energy Finance. The report shows that investments in renewable energy rose in 2014, with more organizations, both public and private, funneling funds into the clean power space as a way to support its growth. Many countries, as well as the companies that call them home, have been growing more interested in renewable energy and are providing the sector with a growing…

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Spanish bank pulls out of Australian renewable energy market

Banco Santander is selling off its only investment in the Australian renewable energy space Banco Santander, Europe’s largest bank in market value and one of the world’s largest financiers of renewable energy projects, is leaving the Australian clean energy market. The bank has sold its only renewable energy investment in the country, opting to leave Australia due to policy uncertainty coming from the Australian government. The country’s renewable energy market has been shrouded with uncertainty in recent years due to government policies that favor conventional forms of power over environmentally…

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Global renewable energy investments reach $21.4 trillion

New report shows that investments in clean energy have reached a new milestone The Global Sustainable Investment Association has released a new report that shows global investments in renewable energy have reached a new high. Several countries have begun supporting renewable energy for its economic and environmental benefits. These countries are working to break their reliance on fossil-fuels due to growing concerns of the effects of climate change. The economic prospects of renewable energy are also quite promising, as countries generating their own electrical power can lead to significant savings…

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India intends to invest billions in renewables

The nation needs to combat chronic energy shortages. According to India’s Power Minister Piyush Goyal, in order to deal with its persistent shortages of energy and to be able to provide power for its 1.2 billion citizens, it is necessary for the country to make a $250 billion investment over the next five years, with $100 billion of investments in renewables, reported Reueters. This huge investment would need to come from the government and the private sector. Goyal said that while the government would invest more money, the bulk of…

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Global renewable energy investments are on the rise

New report shows that clean energy investments grew during the third quarter of this year Clean Energy Pipeline, an information service, has released a report highlighting global renewable energy investments. Throughout the world, countries are increasing their financial support of various forms of clean power. These countries are showing financial support for clean power for various reasons. Some see economic promise in the renewable energy space, while others are focus on the environmental benefits that clean power represents. For most, however, it is a combination of these two factors that…

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$550 billion yearly investment in renewable energy

New report shows that more money is needed in the clean energy space in order to mitigate climate change In order for climate change goals to be met, the world may have to heavily invest in renewable energy every year through 2030. The International Renewable Energy Agency has released a new report that highlights the financial challenges of fighting climate change. The report focuses on the money that would be needed to keep global temperatures from rising by an average of 2 degrees Celsius and shows that such a task…

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Rockefeller Brothers Fund shows support for renewable energy by abandoning fossil-fuels

The Rockefeller family is distancing itself from fossil-fuels The Rockefeller family, which amassed its fortune through oil, is beginning to take an aggressive stance on fossil-fuels. The Rockefeller Brothers Fund, which was founded in the 1940s, has long tapped into the tremendous wealth that was achieved by the Standard Oil Company, which has broken off into several smaller companies over the past few decades. The fund has a primarily philanthropic focus, which is influenced by the Rockefeller family. This week, the Rockefeller Brothers Fund announced that it would be abandoning…

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Report ranks countries on their support for renewable energy

New report provides insight on the investments that countries are making in clean power Ernst & Young, an international professional services firm based in the United Kingdom, has released a new report concerning the investments being made in the renewable energy sector. The report ranks the top 40 countries in terms of the activity of their energy markets and the investments they are making in clean energy and new technology. There have been significant shifts throughout the global energy market as many prominent countries begin showing aggressive support for clean…

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Is Renewable Energy Worth It?

Clean energy has become a priority for many countries throughout the world. These countries are working to reduce their negative impact on the environment by cutting down on the emissions that they produce and distancing themselves from fossil-fuels, such as oil and coal. Some are doing so for environmental purposes, hoping to mitigate the effects of climate change, while others are focusing on the economic prospects of clean energy. New forms of power are not inexpensive, however, and the cost of renewable energy may be offsetting its viability. Clean technology…

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Chinese firm invests in wind energy project in Poland

China-CEE Fund to invest in new wind project that is based in Poland China continues to expand its investments in renewable energy and several of the country’s investment firms have begun setting their sights outside of the country’s borders. China-CEE Fund has announced that it will be investing in a new wind energy project in Poland. The project will have a maximum capacity of 250 megawatts and this capacity is meant to come online in two phases. The funding will help accelerate the development of this new project. Country continues…

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GE is one of the largest supporters of renewable energy in the world

GE has invested more than $10 billion in clean energy projects globally General Electric has become one of the most prolific supporters of renewable energy in the world. Through GE Energy Financial Services, General Electric has invested more than $10 billion into the renewable energy sector worldwide. The investments that the company has made have gone a long way in bringing various energy projects to completion and have helped modernize the energy infrastructure in many countries. Moreover, these investments have also produced economic activity and helped reduce emissions in some…

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