Chinese solar energy received the highest global clean investment in 2017.
The claim, published by Bloomberg New Energy Finance (BNEF) states that this eclipsed projects from other high investors such as those in Australia and Mexico.
However, investment in the UK, Germany and Japan fell.
Globally, investment in clean energy hit £241.4bn in 2017. This indicates a fall of 7% from 2015’s figures, but a slight 3% increase on 2016.
China led the way in solar investment increasing their capacity from 30GW in 2016 to around 53GW in 2017.
Global investment in solar hit £117bn, a rise of around 18% on 2016 levels.
China contributed to over half of this figure.
Chief Executive of BNEF, Jon Moore stated: “The 2017 total is all the more remarkable when you consider that capital costs for the leading technology, solar, continue to fall sharply.”
“Typical utility-scale PV systems were about 25% cheaper per megawatt last year than they were two years earlier.”