According to a report published by Frankfurt School in collaboration with the United Nations Environment Programme (UNEP) and Bloomberg New Energy Finance (BNEF), 2015 produced a new record for global investment in renewable energy. Excluding hydro-electric projects, the amount of money committed to renewables increased by 5% to $285.9 billion, exceeding the previous record of $278.5 billion reached in 2011.
The report further notes that the amount of generating capacity added in wind and solar photovoltaics was a staggering 118GW. This is well above the figure for 2014 when the capacity added totaled 94GW.
According to the report, the worldwide investment in renewable power capacity totaled $265.8 billion, which is more than double the dollar allocations to new coal and gas generation. The renewable sector is also attracting a great deal of public market investment.
In 2015, public investments in the sector totaled an impressive $12.8 billion, down 21% over the previous year’s figure but still close to the average seen for the years since 2008.
A Company looking to capitalize on these trends is Vista International Technologies Inc. (OTCPK:VVIT), an Englewood, Colorado-based renewable energy technology and engineering company. The company is engaged in the business of developing, commercializing and operating renewable energy and waste-to-energy (WTE) technologies and projects.
The company is conducting its business in areas, which include tire processing operation in Hutchins, Texas, and renewable energy and WTE projects utilizing the Company's Thermal Gasifier technology and corporate administration at the Company's offices in Commerce City, Colorado.
Vista International shares are soaring after the company announced that it has completed the construction and installation of its Pilot Waste to Energy project. The next generation Thermal Gasifier used in this project represents a significant step forward for the company's already best-in-class technology, and will showcase the improved efficiency and emissions profile of the unit.
The Company will now begin testing and optimizing the unit for commercial deployment and expects the unit to be fully operational in approximately four to six weeks. Shortly thereafter, it is expected that the unit will be put into commercial use and begin generating revenue for the Company.
Vista International Technologies, Inc. has been producing Waste-to-Energy gasification systems for over twenty years, with installations across three continents.
Vista International shares have surged in trading today. At last check, the stock was trading 33.33% higher at $0.0200 on volume of 14,726, which is slightly below the daily average volume of 19,280.
