Global clean energy funding dips 8 percent as China cools solar boom

Global renewable energy investments declined by 8 percent last year due to reduced Chinese state subsidies for solar power. However, whereas capex-per-unit spending did lag, unit installation and capacity surged due to overall lower prices on photovoltaics, While European and US investments held strong on wind and electric mobility.

Global funding for clean-energy projects sagged in 2018 after China's decision to curb subsidies dragged down installations in the world's biggest solar market.

Investment in wind and solar energy, along with technologies like smart power meters, reached USD 332.1 billion last year, down 8 percent from 2017, according to a report Wednesday from BloombergNEF.

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