# Current state of renewable energy

**Published by:** [Brandon Donnelly](https://brandondonnelly.com/)
**Published on:** 2017-04-16
**Categories:** bloomberg, bloomberg-new-energy-finance, electricity, energy, new-energy-finance, onshore-wind, power, renewable-energy, solar, solar-energy, solar-power, uncategorized, united-nations, wind, wind-generation, wind-power
**URL:** https://brandondonnelly.com/current-state-of-renewable-energy

## Content

The United Nations and Bloomberg New Energy Finance recently published a report covering global trends in the renewable energy space for 2017. Here are some of their key findings: - 2016 was a record year in terms of renewable power capacity installed worldwide. This includes wind, solar, biomass and waste-to-energy, geothermal, small hydro, and marine sources. - The share of global electricity generated from renewable sources rose from 10.3% (2015) to 11.3% (2016). - However, overall investment in renewables declined in 2016 for two main reasons. Costs went down (good news). And China and Japan exhibited a dramatic slowdown in terms of investment activity (bad news). - Acquisitions of renewal assets, such as wind farms and solar parks, hit a new peak at $72.7 billion. - A number of promising new pricing records set in 2016: $29.10 per MWh for solar in Chile and $30 per MWh for onshore wind in Morocco. - In one year, the cost of solar generation dropped on average about 17% and onshore wind dropped about 18%.

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