Which country boasts the world's fastest growing clean energy investment? Germany? No. United States? Think again.
Jumping from a few
hundred million dollars to $5.7 billion, South Africa recorded last year
the world's highest growth in renewable energy investment, according to
the (UNEP).
The spectacular surge,
led largely by investments in solar power projects, comes as South
Africa moves to reduce its dependency on coal, that's around 86 of total energy. To achieve that, the country has set the advaned target of generating 18 gigawatts (GW) of clean energy by 2030.
As a result, a series of
investments have trickled into the country, including Google's first
foray into Africa's solar power market. The internet giant, which has
spent more than $1 billion in renewable energy programs in the United States and Europe in recent years, announced in late May its decision to back the JPP (Jasper Power Project) a 96 MW solar photovoltaic (PV) plant in Northern Cape, with a $12 million investment.
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