World clean energy investment to bounce back from two years of decline

October 6, 2014 |

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.”

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