Renewable Energy Capital Spending to hit nearly €1 Trillion In Europe

The global shift away from carbon energy sources towards renewable energy sources is gaining traction. As the cost of renewable energy production has fallen over the past decade, companies have rushed to spend on the technology, which has benefits that are not just limited to the environment.

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Last year for the first time, the price of solar and wind generation dropped below that of fossil fuels making them not only greener, but more profitable as well. In 2016, utilities added 9.5 gigawatts (GW) of photovoltaic capacity to the US grid, making solar the top fuel source for the first time in a calendar year, according to the US Energy Information Administration’s estimates. In some countries, the price of installing solar panels...