According to the Sustainable Energy Finance Initiative (SEFI) sustainable energy investment went up by 60% in 2007 compared to 2006. About $148.4 billion of new money was raised in 2007. Also, renewable energy accounted for 31 gigawatts (23%) of global new power generation capacity added in 2007, and 5.4% of installed generation capacity. This was despite a global slowdown due to the credit crunch.
The wind sector is the primary technology being invested in world wide, having raked in a total of $51b worth of investments.
Next came Solar with $28b, Biofuels $19b, Biomass & Waste $10b, Other Renew $3b, Efficiency $2.8b and Other Low carbon projects got $2.4b.
Read the rest of this entry »
