Worldwide Renewable Energy Investments Rose to Record $260 Billion in 2011
Sustainable Business Online: In contrast to what the press led most Americans to believe, 2011 was a strong year for the renewable energy industry.
Despite a sluggish economy and a painful squeeze on manufacturers, investments in renewable energy rose 5% from 2010 to $260 billion. That’s a new record and almost five times the $53.6 billion spent in 2004.
Even with all the headwinds the solar industry faced last year, solar led investments (far outstripping wind), and for the first time since 2008, the US took back its leading position over China, according to Bloomberg New Energy Finance. Read more…
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