Renewable energy soars for first time in three years.

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 Corporations and venture capitalists loved renewable energy last year, and will continue to embrace it this year.

That’s the picture that unfolded from several new reports. According to Bloomberg Energy Finance, new funding for wind, solar, biofuels and other low-carbon energy technologies grew 16% to $310 billion last year. It was the first growth since 2011, erasing the impact of lower solar-panel prices and falling subsides in the U.S. and Europe that hurt the industry in previous years.

A new report from consultancy Mercom Capital Group showed that $26.5 billion was invested globally in renewable energy last year, a 175% year-over-year increase.

 

Read More: http://www.computerworld.com/article/2866946/investment-in-renewable-energy-soars-for-first-time-in-three-years.html