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Spending on renewable energy expected to increase

From a recent CNNfn article:

“Worldwide report shows $162 billion was spent on renewable energy in 2009. In
2010, Bloomberg New Energy Finance is expecting a 25% increase in
renewable energy investments to $200 billion.

Most of the money spent on renewable energy is in the form of power projects, wind farms, solar arrays or other things that actually produce electricity. Only a small part is spent on R&D or capitalizing start-up companies.

Yet when it comes to innovation, the United States is still the world’s leader. The country attracted 60% of all venture capital money spent on renewable energy worldwide.”

Learn more about solar panels and solar water pumps at the Innovative Solar website.

Thursday, March 25, 2010 — 3 notes
  1. innovativesolar posted this