Brian Tyluki of Axis Insurance uses one word to describe growth in the renewable energy sector: "staggering."
Global investment in renewable energy development in 2015 was more than double that of coal- and gas-fired sources, and a whopping $2.3 trillion has been invested in renewables since 2004.
|Solar energy growth
The brightest star in the renewable sector: solar energy. "This is a fast and furious time in the solar-development world. We're seeing a record number of builds on the commercial and residential side," says Tyluki, who serves as Axis' assistant vice president of renewable energy. In the United States, solar capacity exceeded 25 gigawatts for the first time in 2015 and is set to add 16 gigawatts this year.
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