MONEY FLOWING BACK TO NEW ENERGY’

Global Clean Energy Investment Sustains Its Recovery; Figures for the third quarter show another year-on-year rise, with a solar boom in China the biggest single contributor

October 2, 2014 (Bloomberg New Energy Finance)

“World clean energy investment in the first three quarters of this year was 16% ahead of the same period of 2013, at $175.1bn…making it almost certain that 2014 will produce a bounce-back in dollars invested after two years of decline…[C]lean energy investment in the July-to-September quarter was $55bn, up 12% from the $48.9bn achieved in Q3 2013. The third quarter is generally weaker than the second quarter, as it was this year, with the Q3 total 16% down on a strong $65.2bn in Q2 2014…The highlight of the third quarter was a leap in Chinese solar investment to a new record of $12.2bn, up from $7.5bn in Q3 2013 and $8bn in Q2 2014. China is building a large number of utility-scale photovoltaic projects linked to its main transmission grid…[China solar installations are forecast to be] 13-14GW in 2014, nearly a third of the world total…[Japan invested] 8.6bn, up 17% from the same quarter in 2013, with solar again the dominant renewable energy source…The Q3 2014 figures showed global asset finance for clean energy projects such as wind farms, solar parks and geothermal plants reaching $33.3bn, up slightly from $32.8bn in the third quarter of last year…” click here for more

click to enlarge

Tweet