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Banking on sunshine: World added far more solar than fossil fuel power generating capacity in 2017

Postby MrFredPFL » Sat Apr 07, 2018 9:55 pm

Story : https://www.eurekalert.org/pub_releases/2018-04/tca-bos032918.php





Solar energy dominated global investment in new power generation like never before in 2017.

The world installed a record 98 gigawatts of new solar capacity, far more than the net additions of any other technology - renewable, fossil fuel or nuclear.

Solar power also attracted far more investment, at $160.8 billion, up 18 per cent, than any other technology. It made up 57 per cent of last year's total for all renewables (excluding large hydro) of $279.8 billion, and it towered above new investment in coal and gas generation capacity, estimated at $103 billion.

A driving power behind last year's surge in solar was China, where an unprecedented boom saw some 53 gigawatts added - more than half the global total - and $86.5 billion invested, up 58 per cent.







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