India solar photovoltaic investment coal for the first time in 2019

Solar photovoltaic (pv) net news: according to the international energy agency ( IEA） World investment report 2019, released since 2010, global investment grew by 55% in the field of renewable energy.

according to the report, India in the past three years the fastest growing energy sector investment. Mercom recently reported in 2018, total investment of about $9. 8 billion of India's solar industry, compared with $11. 5 billion in 2017 fell 15% year on year.

in India said that despite a slight drop in renewable energy investment, but the net capacity increase flat, mainly because the declining cost of renewable energy technologies.

in the past three years, India's energy investment grew by 12%, growth is obvious. Would like to point out in particular, in 2018, as a result of the new coal financial attraction uncertain, renewable spending to continue more than fossil fuels, but coal supply spending also increased.

although from the point of the global industry, solar photovoltaic investment fell by about 4%, while wind power investment. But in India, with the support of the policy of the government, solar photovoltaic investment coal for the first time. Total investment of the renewable energy has the third year in a row over fossil fuel power generation, thanks to the tender and the uncertainty of new coal power.

according to the IEA's data, in 2018, investment in renewable energy sector in India more than 2017 years of traditional energy ( Fossil fuels) Project investment, especially in solar pv investment rose to record levels.

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