11.10.2016: Global clean energy investment had its weakest quarter since 2013 between July and September this year, according to data released by Bloomberg New Energy Finance (BNEF). Investments worldwide totaled $42.4 billion in the third quarter of 2016, down 31% from the second quarter and a striking 43% from the equivalent three-month period of 2015.
The weakness of Q3 2016 was concentrated in particular areas – asset finance of utility-scale renewable energy projects was down 49% year-on-year at $28.8 billion, with wind down 32% and solar down 67%; and investment in small-scale PV projects of less than 1 MW was 35% lower at $9.3 billion. In the geographical split, Chinese investment was down 51% compared with Q3 2015, at $14.4 billion, while Japan was down 56% at $3.5 billion.
»After last year’s record investment levels, some key markets such as China and Japan are pausing for a deep breath,« said Michael Liebreich, chairman of the advisory board at Bloomberg New Energy Finance. The highest quarterly total ever was $90bn, in Q2 2015.
Monty Bannerman
ArcStar Energy
+1-646-402-5076
www.arcstarenergy.com
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