“Clean” energy will gain momentum in 2018

It is expected that renewable energy investments in 2018 will amount to about $ 330 billion, writes “Investor”.Energy market experts say clean energy market will be expanding due to several important factors. First of all, a fall in the cost of generating energy from the sun and wind, as well as the production of lithium-ion batteries.

Accordingly, the trends in the next year in the sector will be financed at a level not lower than the previous year. In 2017, 333,5 billion dollars were invested in this sector.

It is expected that this year about 107 GW worth of solar power plants will be installed. China plays a significant role in the development of the market, adding 47-65 GW. Latin America, South-East Asia, the Middle East and Africa will also be important markets.

No less rapid development will be shown by wind power plants. In 2017, 56 GW new capacities were introduced for both land and sea wind power plants. This year 59 GW of new capacities is expected. The main markets for the development of offshore wind energy will be Germany, the Netherlands, Great Britain, China.

The prices for batteries will continue to drop, and a growth in sales of electric vehicles is projected. It is forecasted that sales of electric cars in 2018 will reach 1.5 million cars, which is 40% more than in 2017.

Ukraine is a newcomer at these markets, and in order to comply with global trends will need to work on legislation as well as create a favorable investment climate for attracting funds in these sectors. Also, an important decision will be the development of ways to create small scale “clean” energy power plants.

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