A record $329 billion was invested globally in clean energy during 2015, according to the latest figures from Bloomberg New Energy Finance (BNEF).

The 4% year-on-year rise came despite the drop in oil and other fossil fuel prices.

The total beat the previous record set in 2011 by 3%.

BNEF attributed the record-breaking year to a surge in investment in in Africa, China, India, Latin America and the United States.

‘Stunning riposte’

The installation of 64GW of wind and 57GW of solar also led to a record figure for the amount of renewable power capacity.
The UK’s 580MW Race Bank and 336MW Galloper offshore wind farms were among the biggest deals.

Michael Liebreich, Chairman of the advisory board at BNEF, said: “These figures are a stunning riposte to all those who expected clean energy investment to stall on falling oil and gas prices.”

> Download BNEF's figures (requires registration)