Emerging markets now account for the majority of growth in solar power, according to new data from Bloomberg New Energy Finance (BNEF).
Led by China and India, these developing economies are behind dramatic recent growth in solar capacity, which expanded by 33% in 2016.
China alone installed 27 gigawatts (GW), around 40% of the world’s new solar last year. Brazil, Chile, Jordan, Mexico and Pakistan all at least doubled their solar capacity in 2016.
In total, solar accounted for 19% of all new generating capacity in the emerging markets tracked by BNEF. Read More…
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