Last year saw the sharpest drop of investments in Renewable technology in years – a 23% fall! Despite this, more than half of the global electricity generating capacity was added in 2016. The largest in history, according to the United Nation Environment Programme’s (UNEP) new key findings. The investment slowdown of Japan and China in renewables contributed the most to reduced financing of global renewable Energy, along with other smaller markets. Overall, investment from developing countries dropped 30% and 14% in developed countries. This sounds like all bad news, but… The cost of solar and wind also fell by about 10%. This means that countries didn’t need to invest as much in order to continue to increase their renewable capacity. In 2016, renewable energy output grew to 138 gigawatts, up by 11 gigawatts from 2015, even though less was invested. So, we’re getting more… for less! An increased demand for renewables is having a direct impact on the market, with the cost of building PV and wind farm systems increasingly dropping. “Ever-cheaper clean tech provides a real opportunity for investors to get more for less” Erik Solheim, the Executive Director of UNEP. This creates an energy landscape which allows renewable […]

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