Global clean energy, nuclear, grid, and energy efficiency investment will hold steady at US$2.2 trillion this year, while fossil fuel spending will tick up slightly from $1.1 to $1.2 trillion, the International Energy Agency (IEA) concludes in the latest edition of its annual World Energy Investment report.

A federal government agency has announced US$56 million in loan financing for a 396-megawatt solar project in Peru, just days before a trade association reported that all of Canada deployed only 57 MW of new utility-scale solar capacity last year.