Among developing nations, China, India and Brazil have drawn the most renewable energy investment, a trend that has been supported by strong, clear policy ambitions.
The economic viability of renewable energy depends considerably on resource quality, especially in solar.
Relatively high GDP growth rates in developing economies and high energy-demand forecasts in these countries suggest that these markets are relatively attractive for new energy investments.
Last year saw a global record US$286 billion1 in new renewable-energy investment, with total transactions (including refinancing) in excess of $US380 billion.
More than half of that activity occurred in developing countries.
Broad interest in renewables auctions is spreading—and taking root in more and more countries—a sure sign that global renewables investment is gaining momentum.
Electricity tariffs in recent auctions have achieved historic lows, and most of the auctions have been oversubscribed.
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