According to a report by the UN, global investment in renewables has increased by 32% during 2010. The largest contributions came from solar roof panels in Europe and wind farms in China.
The big wigs belive that government targets, policy support and stimulus funding is bringing about the changes required to transform our global energy system to one of sustainability. However large scale projects have lost out to the sum of $7.7bn, contrasted with small scale projects which have boomed - German investment in small scale projects has gone up 132% in 2010.
A positive factor coming out of the report states that the cost per megawatt has fallen by 60% since 2008, so lets hope they fall again by another 60% in the next few years.
The bad news is that the Germans are cutting back on their feed in tariff payments, and the UK is still to decide on renewable heat incentive figures. Lets hope they put some thought into it!published 2011-07-07