World investment in green power down, money went further in 2016: report

Wind, solar (pic) and other renewables capacity totalling 138.5 gigawatts was added to global power generation capacity last year. — Reuters

FRANKFURT: Record levels of renewable energy capacity were added across the world in 2016 but the falling costs of green power equipment led to a 23% decline in money spent on investments, UN-backed research showed on April 6.

Wind, solar and other renewables capacity totalling 138.5 gigawatts (GW) was added to global power generation capacity last year, 8% more than in 2015, a Frankfurt School of Finance report said.