Renewable energy investment

Renewable-energy-investmentIn today’s environment, where the ever-increasing concern over climate change is met with innovative emphases on sustainable, forward-looking strategies on investment, the renewable energy sector is considered a fruitful area for economic growth.  

According to recent reports, 2016 saw clean energy investment break new records, now receiving twice as much global funding as fossil fuels.

While crashing prices for oil, natural gas, and coal triggered a drying up of investments and dramatic downsizing in those industries, renewables have been thriving. Furthermore, investment in renewables totalled $286bn, with solar energy accounting for 56% of the amount.

Only one conclusion can be drawn: wind and solar have grown seemingly unstoppable. And businesses are left with no other choice but to keep up with the innovative nature of these developments.

Standing at the forefront of this change, Fine Life Limassol supports scaled-up deployment of renewable energy solutions to increase energy access and economic opportunities. We employ a programmatic approach that builds off national policies and existing energy initiatives.

Cyprus is strategically placed to utilise these initiatives. It comes as no surprise that extensive government subsidies have helped wind and solar get a foothold in both global and local power markets.

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