A record £15.2bn was invested in UK clean energy last year, according to figures released today by Bloomberg New Energy Finance (BNEF).

A 24% year-on-year increase for renewables and plunging North Sea investments means renewables attracted more finance in 2015 than the estimated £11bn spent on UK oil and gas, Carbon Brief analysis shows.

Globally, a record $329bn was invested in clean energy despite persistently low oil prices. A year ago, many analysts thought cheap fossil fuels would harm the prospects for renewables as coal and gas became relatively cheaper to burn.

Source: CarbonBrief

Act Now for the Q2 2015 fact sheet from the Solar Energy Industries Association