Wind Power Getting the Most Investment
June 03, 2009
Wind power has received a big spike in investment, the biggest, in fact, compared to other renewable energy sources, says a report from the United Nations Environment Program. In the NY Times article, "Clean Energy Funding Trumps Fossil Fuels," reporter James Kanter provides some details:
"Overall, the wind sector attracted the most new investment, with a
total of $51.8 billion, representing growth of 1 percent compared to
2007. Solar made large gains, recording growth of 49 percent to reach
total investment of $33.5 billion. Geothermal was the highest growth
sector, with investment up 149 percent to $2.2 billion, but biofuels
dropped by 9 percent to $16.9 billion."
Along those lines, China has recently announced that it plans to invest $14.6 billion US to boost wind power capacity to 30,000 Megawatts from 12,000 MW.
Image: iStockPhoto
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