Global investment in renewable energy fell 8 % to $ 332bn in 2018 , as offshore wind had its second - best performance , while solar slipped 24 % to $ 350 , due to a 10 % drop in installation costs , according to a report by Bloomberg New Energy Finance ( BNEF ) . It offshore offshore wind attracted 20 % more investment last year at $ 25.7bn , of which $ 11.4bn was spent on offshore Chinese schemes , while notable European projects included the $ 3.3bn , 950 MW Moray Firth East array . analysts added that the US east coast was also drawing investor '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.