Clean Energy investment drops 18% compared to first half of 2014, says Bloomberg
In New York, Bloomberg New Energy Finance reported that Clean energy investment worldwide was $53bn in the second quarter of 2015, down 3% from a revised $54.4bn in Q1 2015 but down 28% compared to the $73.6bn recorded in Q2 2014.
“Global investment this year is facing headwinds from the financial markets, with the sharp rise in the US currency over the last 12 months reducing the dollar value of deals struck in other countries; and volatility in share prices, particularly in China, holding back equity-raising by specialist clean energy companies from both public market investors and venture capital and private equity funds,” the finance consultancy said.
Michael Liebreich, chairman of the advisory board at Bloomberg New Energy Finance, commented: “The first two quarters of 2015, taken together, have seen investment down 18% compared to the first half of last year. It is possible that the Q1 and Q2 2015 figures will be revised up a bit in due course as some more deals are disclosed, but we have been predicting since January that this year would see lower investment than 2014 because of the strong dollar.”
The largest category of investment in clean energy in Q2 was, as usual, asset finance of utility-scale projects such as solar parks, wind farms, biomass and waste-to-energy generators, biofuel production units, geothermal plants, small hydro-electric schemes of less than 50MW and marine energy projects. This amounted to $30.9bn between April and June, down 3% on Q1 and 41% on Q2 2014.
Category: Research
