NewEnergyNews: China Still Leads The Solar Take Over

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    Thursday, April 05, 2018

    China Still Leads The Solar Take Over

    Solar Energy Set a Global Record Last Year, Mostly Thanks to China; In an unprecedented boom, China installed 53 gigawatts of solar technology.

    Megan Jula, April 5, 2018 (Mother Jones)

    “…[The world moved away from relying on fossil fuels in 2017] and toward replacing them with renewable energy…[Solar set new records and] and skyrocketed in China…[but] investment from big markets like the US, the United Kingdom, and Germany dropped off…[According to a new report, the world installed an unprecedented amount of solar energy technology, 98 gigawatts, last year, which was] more than the net addition of all coal, gas, and nuclear power plants combined. Solar power also attracted far more dollars than any other type of energy—$160.8 billion, up 18 percent from the year before. Investment in new coal and gas projects generated about $103 billion…Though US investment dropped 6 percent last year to $40.5 billion,] the drop is not big enough to signal a major trend change. Nearly 9 out of 10 Americans support expanding solar power, according to a 2016 Pew Research Center survey, while a majority oppose expanding offshore drilling, nuclear power, fracking, and coal mining…[Developing markets such as Mexico, the United Arab Emirates, and Egypt] saw a jump in renewable energy investment…[while] investment declined in more mature renewable energy markets…” click here for more

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