World clean energy investment to bounce back from two years of decline
In New York, according to Bloomberg, world clean energy investment will almost certainly bounce back from its two years of decline. In the first three quarters of 2014, investment was 16% ahead of the same period of 2013, at $175.1 billion.
According to the analysis:
“Third-quarter investment was $55 billion, up 12% from 2013, thanks to a leap in Chinese solar investment to a new record of $12.2 billion. China is building a large number of utility-scale photovoltaic projects linked to its main transmission grid, and Bloomberg New Energy Finance forecasts that its solar installations will total 13-14GW in 2014, nearly a third of the world total.
“The US saw clean energy investment of $7.3bn in Q3 2014, well down from $10.7bn in Q2 but up from $5.7bn in the third quarter of last year. Overall Chinese clean energy investment was $19.9bn in Q3, up from $15.1bn a year earlier, while India’s investment totalled $2bn, up from $1.3bn. Canadian investment was $1.9bn, up from $1.3bn, and Brazil’s was $863m, up slightly from $830m but still one of that country’s weakest quarterly figures for many years.”
Category: Fuels