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RENEWABLE ENERGY ENERGETICA INDIA Renewable Energy Investment Statistics The article looks at the global renewable energy investment statistics from the year 2004-2014. 2014 was a year of eye-catching steps forward for renewable energy. Investment rallied strongly after two years of decline, renewable excluding large hydropower reached 100GW of installations for the first time ever, developing countries led by China came within just a few billion dollars of overtaking investment in developed economies, and there were record statistics for financings of solar in China and Japan and offshore wind in Europe. The top headline for renewable in 2014 was that investment rebounded by 17% to $270.2 billion. This was the first annual increase in dollar commitments to renewables excluding large hydro for three years, and brought the total up to just 3% below the all-time record of $278.8 billion set in 2011. The 2014 performance by renewable energy investment was arguably more impressive than that in 2011 anyway – because capital costs in wind, and particularly in solar PV, fell sharply in the intervening three years, so each billion dollars committed added up to many more MW of capacity than it did in the earlier year. Some 103GW of renewable power capacity excluding large hydro is estimated to have been built in 2014, compared to 86GW in 2013 and 80.5GW back in 2011. The 2014 total was dominated by wind and PV, with 49GW and 46GW respectively, both record figures energetica INDIA · NOV | DEC15 45


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