Solar power is expected to reach price parity with coal-generated electricity by 2016
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.