Solar to attract more investment than coal, gas and nuclear combined this year

Analysts expect global renewable power investment to reach $243bn this year, with solar PV the fastest-growing segment and non-hydro renewables to account for 65% of all global power investment by 2020. A new report by analyst firm Frost & Sullivan projects that in 2017 solar PV will attract more investment than coal, gas and nuclear power combined.

The report, titled the Global Power Industry Outlook 2017, examines power market trends, including investment and regional growth. The report deduces that this year, renewable power investment will reach $243.1 billion globally, with solar PV investment comprising $141.6 billion of that total, followed by wind.