A record 98GW of solar capacity was installed globally during 2017, eclipsing the 70GW of fossil fuel capacity that was added, a new report has found.

China accounted for 53GW of solar’s total.

Erik Solheim, head of UN Environment, which compiled the report alongside the Frankfurt School-UNEP Collaborating Centre and Bloomberg New Energy Finance (BNEF), said: “We are at a turning point ... from fossil fuels to the renewable world.

“The markets are there and renewables can take on coal, they can take on oil and gas.”

Low-cost solar

Global investment in renewable energy climbed by 2% year-on-year to $280 billion (£200bn) in 2017.

China was the largest investor in renewables with $126.6bn, marking the country’s largest ever investment and accounting for 45% of the global total.

Angus McCrone, Chief Editor at BNEF, added: “Much lower costs ... are the driver of solar investment worldwide.”

> Download the report