Bloomberg New Energy Finance (BNEF) has reported that global solar investments topped US$160.8 billion in 2017, an 18% increase over the previous year and importantly, despite capital costs declining around 25%.
Not surprisingly, China led to the investment, accounting for US$86.5 billion of the total, 58% higher than in 2016 as the country hit a new 53GW plus of PV installations in 2017.
