Global investment in renewable energy fell 8% to $332bn in 2018, as offshore wind had its second-best year, while solar slipped 24% to $131bn, due to a 12% drop in installation costs, according to a report by Bloomberg New Energy Finance (BNEF). It revealed offshore wind attracted 14% more investment last year at $25.7bn, of which $11.4bn was spent on 13 European schemes, while notable Chinese projects included the $3.3bn, 950 MW Moray Firth East array. BNEF added that the US east coast was also drawing developer's attention.
Global investment in renewable energy fell 8% to $332bn in 2018, as offshore wind had its second-best year, while solar slipped 24% to $131bn, due to a 12% drop in installation costs, according to a report by Bloomberg New Energy Finance (BNEF). It revealed offshore wind attracted 14% more investment last year at $25.7bn, of which $11.4bn was spent on 13 Chinese schemes, while notable European projects included the $3.3bn, 950 MW Moray Firth East array. BNEF added that the US east coast was also drawing developer's attention.