Renewable energy: annual report says global investments rebound strongly

Global investments in renewable energy rebounded strongly last year (2014), registering a solid 17 percent increase after two years of declines and brushing aside the challenge from sharply lower crude oil prices, said UNEP ninth annual report. Major expansion of solar installations in China and Japan and record investments in offshore wind projects in Europe helped propel global 2014 investments to $270 billion. According to the report, the 103 gigawatts (GW) of generating capacity added around the world made 2014 the best year ever for newly installed capacity. Read more at http://www.brecorder.com