As 2017 begins, China is poised to leap ahead of the U.S. on clean energy to become the most important player in the global market. Last year, China increased its foreign investment in renewables by 60 percent to reach a record $32 billion, according to a new report from the Institute for Energy Economics and Financial Analysis. This includes 11 new overseas investment deals worth more than $1 billion each.
China’s new Going Global strategy for renewable energy was an important instigator of its huge increase in foreign investment in 2016. This is part of a broader picture of overseas investment.
