The amount of future new wind capacity in Europe financed last year rose to a record high, industry group WindEurope said on Thursday, as falling costs and increased competition made it possible for investors to fund more for less cash.

In total, 16.7 gigawatts (GW) of projects reached a final investment decision – 12.5 GW onshore and 4.2 GW offshore – 45 percent more than in 2017, WindEurope said in its annual report.

Funding for the new investments rose to 26.7 billion euros ($30.3 billion).

Record Amount of New Wind Capacity Financed in Europe Last Year | Devamı>>>

New figures from BloombergNEF (BNEF) show that corporations bought a record amount of 13.4GW of clean energy through power purchase agreements (PPAs) in 2018, well over double the previous record of 6.1GW set in 2017.

The research firm’s latest Corporate Energy Market Outlook, reveals that 121 companies in 21 different countries signed up to buy renewable energy last year. More than 60% of those purchases were in the US, where PPAs to buy 8.5GW of power were signed, almost three times 2017’s figure.

Companies Become a Major Force In The Clean Energy As Purchases Double | Devamı>>>

According to the news of Polaris Firepower Network News, it was learned from the National Energy Labor Conference that the clean energy industry grew steadily in 2018. National renewable energy installed capacity, hydroelectricity, wind energy and photovoltaic energy production exceeded 700 million kilowatts.

In 2018, the newly added clean energy area in the northern region is estimated to be approximately 1.55 billion square meters and the clean heating rate will reach to 46%.

China Exceeds 700 Million KW in Renewable Energy | Devamı>>>