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