More New Energy For The Buck

The world spent less money to add more renewable energy than ever in 2016; $241.6 billion in investment gets you 138.5 gigawatts of renewable energy

Megan Geuss, April 10, 2017 (Ars Technica)

“…[Investors spent less money in 2016 to add more renewable energy capacity than in any previous year. In total, [they] only spent about $241.6 billion in renewable energy investments in 2016, down 23 percent from 2015…[but it added 138.5 GW of capacity in] wind, solar, biomass, and waste-to-energy, geothermal, small hydro, and marine sources like wave and tidal energy]…That represents a nine percent increase year-over-year from the 127.5 gigawatts added in 2015…[The falling investment but rising capacity] reflects the plummeting prices of certain kinds of renewable energy, especially solar photovoltaic panels and wind installations…[T]hat’s a good thing for reducing pollution that contributes to climate change…[T]he proportion of global energy derived from renewable sources rose from 10.3 percent to 11.3 percent year-over-year [according to the study]…” click here for more

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