U.S. WIND ENERGY INVESTMENT UP 121% IN FIRST HALF OF 2018

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13 july 2018

U.S. Wind Investment at Breakneck Pace

Inside Climate News Weekly Newsletter, July 13, 2018

The U.S. wind industry is booming, with $17.5 billion in investment in the first half of this year, an increase of 121 percent from the comparable period in 2017.

That's just one of many figures that jumped out at me in a new report on global clean-energy spending by Bloomberg New Energy Finance.

The increase in U.S. wind investment is partly because developers are rushing to take full advantage of federal tax credits that are set to decrease.

While wind energy is growing, solar is facing challenges on several fronts. The report says solar investment is projected to decrease this year, largely because of a pullback in China.

The Trump administration's solar tariffs are just a blip compared with the effects of China reducing state support for solar projects. China's solar spending was $35.1 billion in the first half of this year, down 29 percent.

It will take months for China's policy changes to reverberate through the market. If this leads to a year-over-year decrease in global solar spending, it would be a first, and underscore how China has become the center of gravity for the clean-energy economy.


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