Renewable energy investment will hit USD $2.5 trillion this decade, led by solar

UN-backed report: Decade of investment (2010-2019) quadruples renewables capacity from 414 GW to about 1,650 GW.


Global investment in new renewable energy capacity this decade - 2010 to 2019 inclusive - is on course to hit USD 2.6 trillion, with more gigawatts of solar power capacity installed than any other generation technology, according to a study by BloombergNEF for the United Nations Environment Program and Frankfurt School’s UNEP Center.

According to the Global Trends in Renewable Energy Investment 2019 report, released ahead of the UN Global Climate Action Summit, this investment is set to have roughly quadrupled renewable energy capacity (excluding large hydro) from 414 GW at the end of 2009 to just over 1,650 GW when the decade closes at the end of this year.

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