Renewables see more investment than fossil fuels in 2008

According to the report $140 billion was invested in developing 65 GW of power generating capacity from wind, solar, hydropower, biomass and geothermal sources and $13.5 billion of new private investment went into companies developing new technologies.

Wind attracted the highest new investment ($51.8 billion, 1% growth on 2007), although solar made the largest gains ($33.5 billion, 48% growth) while geothermal was the highest growth sector for investment (up 149% and 1.3GW of new capacity install