China invested a record $32bn in international renewable energy projects last year, marking a 60% rise on overseas spending and deepening the country’s global dominance in the sector, new analysis from the US-basedInstitute for Energy Economics and Financial Analysis (IEEFA).
The spree, including 11 deals each worth in excess of $1bn, builds on China’s league-leading domestic investment in renewables, which grew to $103bn in 2015, up 17% on the previous year and was two-and-a-half times that spent by the second-placed US.
