Explains fee compression but oil price is less able to destroy demand than before.
15.01.2016: In 2015, global investments in clean energy grew 4% from the previous year, reports Bloomberg New Energy Finance (BNEF). The good results of the past year are mainly due to » utility-scale projects such as wind farms, solar parks, biomass and waste-to-energy plants and small hydro-electric schemes.« Total investment in the global clean energy sector reached $392.3 billion in 2015. For comparison, investments in 2014 totaled $315.9 billion. BNEF stressed that last year’s result will be difficult to repeat, due to the fact that dollar investments in clean energy could be negatively impacted by several factors, one of which is the further declining costs of the PV technology that could mean that that more capacity could be installed for the same price. »These figures are a stunning riposte to all those who expected clean energy investment to stall on falling oil and gas prices. They highlight the improving cost-competitiveness of solar and wind power, driven in part by the move by many countries to reverse-auction new capacity rather than providing advantageous tariffs, a shift that has put producers under continuing price pressure,« BNEF, chairman of the advisory board Michael Liebreich said. © PHOTON
www.prnewswire.com/news-releases/365240701.html
Monty Bannerman
ArcStar Energy
+1-646-402-5076
www.arcstarenergy.com
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