Proof Point

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Almost 70% of $455 billion global investment in new power capacity in 2017 went to renewables, according to Ren21 study

Global Investment in New Power Capacity by Type
2017 (US$ billions and percentage)

Proof Point Findings:
  • Renewable Energy – Energy generated from renewable sources, including solar, wind, biomass, hydro, biofuels, geothermal and marine
  • Global Power Investment – Ren21 reported global investment in new power capacity reached $455 billion in 2017
  • Renewable Investments – More than half or $265 billion of new investments were made to increase renewable power capacity, while another $45 billion was specifically invested for hydropower
  • Key Growth Drivers – Include rapidly accelerating renewable energy technologies, strengthened support from national governments through policies, country targets and tax incentives, significant advancements in energy storage facilities, and increased national and business effort to shift consumption to renewable energy sources
Sector: Cross-sector
Source: 

Date Last Updated: November 23, 2018

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