Renewables investments seen over $100 bln in 2007

[jpak]

http://www.reuters.com/article/environmentNews/idUSL0816870420071208

NUSA DUA, Indonesia (Reuters) - World annual investments in renewable energy will top $100 billion for the first time in 2007, led by wind power, according to a report issued at United Nations climate talks on Saturday.

"Policies to promote renewable energy have mushroomed over the past few years," the Renewable Energy Policy Network, which links governments, industries and other groups, said in its study.

"In 2007, global annual investment in renewable energy will exceed $100 billion," it said of growth for wind, solar, hydro and other renewable energy sources.

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Renewable power capacity totaled about 240 gigawatts (GW) in 2007, excluding large hydropower projects, and represented about six percent of total global power capacity.

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