This group brings together the best thinkers on energy and climate. Join us for smart, insightful posts and conversations about where the energy industry is and where it is going.

10,098 Members


Global Clean Energy Investment Down in the Third Quarter of 2013

Clean Energy Down Worldwide

New statistics released by Bloomberg New Energy Finance have shown that global investment in clean energy during the third quarter of 2013 was down 14% on this year’s second quarter and 20% below 2012′s Q3.

The information stems from Bloomberg New Energy Finance’s latest data on deals and projects, and blames the fall in investment on faltering “political will to decarbonise energy mix.” They further note that the third quarter’s decline in investment will push the year’s overall investment in renewable energy and energy-smart technologies down below 2012′s $281 billion, “a total that was itself 11% down from the record established in 2011″ they conclude.

The only regions to show any investment increase on both the quarter and the year were countries in the America outside of the US and Brazil, with Canada, Chile, and Uruguay ending the quarter with firm figures enough to bolster the region’s figures.

“After the slightly more promising second quarter, we now have a very disappointing third quarter figure for investment,” said Michael Liebreich, chief executive of Bloomberg New Energy Finance. ”$45.9 billion is still a substantial amount of money, greater than that invested in the whole of 2004, but the loss of momentum since 2011 is worrying.”

“The latest setback reflects policy uncertainty in Europe, the lure of cheap gas in the US, a leveling-off in wind and solar investment in China, and a general weakening of political will in major economies. Governments accept that the world has a major problem with climate change but, for the moment, appear too engrossed in short-term domestic issues to take the decisive action needed.”

Interestingly, it appears that while investment data shows figures have fallen, clean energy shares on stock markets around the world are booming. Data measured by WilderHill New Energy Global Innovation Index, or NEX, shows that clean energy shares on the 9th of October nearly 47% up on the year so far and 74% above their respective lows reached in July of 2012.

Looking at specific Q3’2013 figures sees asset finance of utility-scale renewable energy projects at $26.4 billion, down from $31.9 billion in the second quarter of this year and a high of $34.8 billion in Q3’2012. Venture capital and private equity investment in specialist clean energy companies was down to just $724 million, while investment in clean energy companies via the public markets stood at 2 billion, down from a strong $3.8 billion in the second quarter of this year but above the Q3’2012′s $1.6 billion.

Global Clean Energy Investment Down In Q3’2013 was originally published on: CleanTechnica. To read more from CleanTechnica, join over 30,000 other subscribers: RSS | Facebook | Twitter.

Joshua Hill's picture

Thank Joshua for the Post!

Energy Central contributors share their experience and insights for the benefit of other Members (like you). Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member.


No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »