Renewable investments to top US$100b

[OKIsItJustMe]

http://www.businessspectator.com.au/bs.nsf/Article/Renewable-investments-to-top-US100b-9PG6L?OpenDocument

Renewable investments to top US$100b

Reuters

NUSA DUA, Indonesia - World annual investments in renewable energy will top US$100 billion for the first time in 2007, led by wind power, according to a report issued at United Nations climate talks.

"Policies to promote renewable energy have mushroomed over the past few years," the Renewable Energy Policy Network, which links governments, industries and other groups, said in its study.

"In 2007, global annual investment in renewable energy will exceed US$100 billion," it said of growth for wind, solar, hydro and other renewable energy sources.

"Wind power now receives the largest share of investment annually of any renewable technology, even more than large hydropower," it said.

Renewable power capacity totalled about 240 gigawatts (GW) in 2007, excluding large hydropower projects, and represented about six per cent of total global power capacity.

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[gateley]

1. EXCELLENT! Thanks for posting this! Now that there's money to be had,

we can look forward to some progress.

[diane in sf]

2. This is really good news