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Pew: Developers To Invest $1.9 Trillion in Clean Energy Over Next 5 Years

(Bloomberg)

Development costs for solar and wind farms and other types of renewable-energy plants will increase to $327 billion in 2018 from about $200 billion last year, according to a report posted on Pew’s website today.

Those figures may increase even more if governments establish national energy policies that include commitments for renewable power, Phyllis Cuttino, director of the Pew Clean Energy Program in Washington, said yesterday in a telephone interview. The incentives should have defined durations to give the industry clarity.

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