Reports: Renewables Were Revived in 2014




Power Magazine

Despite plunging oil prices, 2014 was a formidable year for renewables, according to two reports released in early 2015.

According to the “Global Trends in Renewable Energy Investment 2015”—the annual report prepared by the United Nations Environment Programme (UNEP), the Frankfurt School-UNEP Collaborating Centre for Climate & Sustainable Energy Finance, and Bloomberg New Energy Finance—energy investments in renewables rebounded, surging 17% over the previous year, to $270 billion worldwide.