Tag: Ren21

Solar PV and wind power continued to dominate new investment in renewables, with solar PV accounting for 56% of the 2021 total, and wind power for 40%. The strong growth in solar PV investment in 2020 expanded further in 2021, rising nearly 19% to reach USD205 billion. Wind power investment fell 5% to USD147 billion, reflecting a sharp decline in offshore wind power investment (down 45%) and a smaller increase in onshore wind power investment (up 16%).