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China investment effect

A 39% slowdown in renewable energy investment in the world’s biggest market, China, meant that globally renewable energy investment fell by 14% to $117.6 billion, compared with the first half of 2018, according to Bloomberg New Energy Finance. However, multibillion-dollar projects were financed in two relatively new markets – a solar thermal and photovoltaic complex in Dubai, at 950MW and $4.2 billion, and two offshore wind arrays in the sea off Taiwan, at 640MW and 900MW. The UK saw investment rise.

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