2015 was a big year for clean energy.
Renewable energy accounted for the majority of new power added to the U.S. power grids last year—marking the second year in a row that clean energy surpassed fossil fuels, according to a new report from Bloomberg New Energy Finance and the Business Council for Sustainable Energy.
Renewable energy has enjoyed a boost from government incentives and declining systems costs.
Clean energy investments also rose 7.5% from the year before to $56 billion. Ten years earlier, in 2005, renewable investments barely amounted to more than $15 billion. More than half of last year’s amount went toward solar energy projects, while wind attracted $11.6 billion in investments.
Corporate procurement of clean energy contined to grow: It doubled from 2013 to 2014 and again from 2014 to 2015. Major corporate buyers included tech giants Google
, and Apple
Coal, meanwhile, emerged as the main loser of the year. As a record number of coal plants closed, domestic coal production continued its steady decline since 2008, according to the Energy Information Administration.