Posted on: 26/07/2016
Investors pumped $61.5 billion (£46.8bn) into the clean energy market between April and June, according to the latest figures from Bloomberg New Energy Finance (BNEF).
The total represented a 12% rise on the first quarter, but was 32% lower than the “very strong” $90bn invested during the second quarter of last year following a slowdown in China, the rest of Asia-Pacific, the Middle East and Africa, and most of the Americas.
Abraham Louw, an associate for energy economics at BNEF, explained: “One shouldn’t look at these latest Q2 figures too negatively.
“Last year’s investment of $348.5bn was really quite ground breaking – up 11% over 2014 and 30% over 2013.”
2016 will lag behind 2015
BNEF also revised its 2015 total up to $348.5bn, nearly $20bn above its previously-published estimate.
Michael Liebreich, Chairman of the advisory board at BNEF, added: “It is now looking almost certain that the global investment total for this year will fail to match 2015’s runaway record.
“China’s financing of wind and solar projects was even higher last year than previously estimated, and the hangover this year caused by weak electricity demand and policy changes in that country will therefore be all the greater.”
> See BNEF's statement