(Jan 31): The US’ renewable energy industry does not seem to take much notice of President Donald Trump’s views on green energy and climate change as investments surged to a record last year.

New investments were buoyed by wind and solar companies rushing to qualify for federal tax credits that are being scaled back this year. A total of US$55.5 billion was spent in the sector last year, an increase of 28%, second only to China and beating Europe, according to research by BloombergNEF.

“It is notable that in the third year of the Trump presidency, which has not been particularly supportive of renewables, US clean energy investment set a new record by a country mile,” said Ethan Zindler, head of Americas for BNEF.

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