GreenEnergy360

The GreenEnergy360 team are working hard to put together information that we believe will be most helpful to you in your decision making progress. This page contains news from ourselves, and across the internet, to save you the hassle of finding it yourself!

Record Growth for Renewable Energy

Despite the economic downturn, 2007 saw record growth in renewable energy investment worldwide, according to a new United Nations report. Renewable energy accounted for 23% of total new generation added globally last year, equivalent to 31GW of new power generation capacity. This compares to the peak UK generating capacity of around 60GW.

Wind power attracted the largest share of investment - around £25bn. But spending on solar PV power grew most rapidly – investment of around £12bn in 2007 represents an annual growth rate of over 250% over 3 years. Total spending worldwide on clean energy projects rose to around £60bn in 2007 (a growth of 60 percent on the previous year) according to UNEP's "Global Trends in Sustainable Energy Investment" report.

In the UK, increasing heat and power fuel prices (British Gas projects rises of up to 30% as predicted earlier in the year by GreenEnergy360.org), along with legislation that specifies levels of renewables in new buildings is helping to expand renewable energy capacity. However, we are still lagging behind our competitors in terms of newly installed renewable energy systems. The sooner the government acts on its own recommendations contained in its recent renewable energy consultation strategy the better! Click on the link to make your contribution to the consultation.

Labels: , , , ,

posted by GreenEnergy360 at 07:55