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Global growth of solar industry

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Solar PV generation - total dominance

In 2017, investors all over the world invested $279.8 billion in renewable energy (excluding large hydropower plants), of which $160.8 billion was invested in solar energy. Solar energy set a record for growth in 2017 and added 38% to the new installed capacity in 2016. The global energy revolution is now in full swing. "We are in the middle of the global revolution in the field of renewable energy sources (RES). Investments in RES continue to grow, mainly in developing countries, and since 2004 the whole world has invested $2.9 trillions in clean energy sources.

 

 

Fig. 1. Net increase in new global generation capacities in 2017 by main technologies, GW. Source: UNEP, BNEF 2018.

 

 

Fig. 2. LCOE on RES technologies in 2009-2017, $ per MWh. Source: UNEP, BNEF 2018.

 

Fig. 3. Global new investment in RES by sector, including reinvestment in 2017, including small distributed capacity, and growth compared to 2016, $ billion Source: UNEP, BNEF 2018.

 

 

Fig. 4. a) Investments in RES in public markets by sectors in 2017, $ bn. B) Emission of green bonds by categories in 2007-2017, $ bn (b). Source: UNEP, BNEF 2018.

 

Fig. 5. Average world price of energy storage systems (ESS) based on lithium-ion batteries in 2010-2017, $ / kW. Source: UNEP, BNEF 2018.

  

Fig. 6. Global new investments in renewable energy sources by regions of the world in 2017, $ billion Source: UNEP, BNEF 2018.

 

 

Fig. 7. Corporate and government investment in R&D in 2017 by RES technologies, by region and change compared to 2016, $ billion Source: UNEP, BNEF 2018.

 

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