Clean energy investment up 5% to $260bn in 2010, with solar more than half.

So Bloomberg New Energy Finance reports. The US retook top position from China, thanks to stimulus measures. Ethan Zindler, of Bloomberg NEF: “We are on the verge of a turning a corner where in the next five to seven years or so, subsidy will be much less important for clean energy investment.” Solar investment was up 36% to $137bn: more than a half of all clean energy investment. Kevin Parker of Deutsche Bank Asset Management: “We are on our way to the point where solar power costs the same as fossil fuel power, and it’s not that far away. When we get there, there’s going to be a lot of money to be made by the leaders in the solar industry.”