“Renewable energy investment rose 5 percent to a record $260 billion last year driven by a surge in solar developments and increased spending in the U.S., Bloomberg New Energy Finance said.” (Source: Bloomberg)

Despite the economic and financial crisis, the Solyndra collapse in the US and reduced government subsidies, the renewables sector continues its growth. That said, Europe risks losing its leadership position as Chinese competition is driving jobs out of the old continent.

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