NewEnergyNews: WORLD NEW ENERGY HIT RECORD $328.9 BILLION IN 2015

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YESTERDAY

THINGS-TO-THINK-ABOUT THURSDAY, December 14:

  • Loyalty Slipping In Climate Change Loyal Opposition
  • Research Shows EVs Can Go Much Farther
  • Booming Solar Faces Tricky Future
  • Wind Floats!

    THE DAY BEFORE

  • ORIGINAL REPORTING: How California Is Easing Off NatGas With New Energy
  • ORIGINAL REPORTING: Illinois cloud computing debate could open utility rate reform
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  • QUICK NEWS, December 12: The “Fight-Climate-Change” Diet; Market For Advanced EV Batteries To Quadruple By 2026; The Low Lifecycle Costs In New Energy
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  • TODAY’S STUDY: How The New Energy Marketplace Is Growing And Shifting
  • QUICK NEWS, December 11: N.C. Millennial Women Unite For Climate Fight; The White House Threat To New Energy; What’s Bad News In The Tax Bill For New Energy
  • THE LAST DAY UP HERE

  • Weekend Video: Tesla Adds World’s Biggest Battery To Aussie Wind
  • Weekend Video: Solar And The Next Utilities
  • Weekend Video: Wind Builders On Wind
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  • FRIDAY WORLD, December 15:

  • Study Concludes 2016 Heat Was Human-Caused
  • The Big Opportunity Under Africa’s Sun
  • Wind In The Netherlands To Fly Subsidy Free
  • China To Open EV Vending Machines

    Friday, January 15, 2016

    WORLD NEW ENERGY HIT RECORD $328.9 BILLION IN 2015

    Clean Energy Defies Fossil Fuel Price Crash To Attract Record $329bn Global Investment In 2015

    January 14, 2016 Bloomberg New Energy Finance

    Global renewable energy had its biggest annual growth ever in 2015, with new wind capacity at 64 GW and new solar photovoltaic capacity at 57 GW, leading the sector’s nearly 30% year-on-year expansion. Total global clean energy investment hit a record $328.9 billion, 4% over 2014’s $315.9 billion. Asset finance of utility-scale renewables was $199 billion of the total, 6% over 2014. The next biggest part of global renewables investment was in distributed generation, especially distributed solar, at $67.4 billion, up 12% from 2014. Most significantly, fossil fuel prices dropped precipitously but did not lure investors. From mid-2014 to the end of 2015, the Brent crude price dropped 67% from $112.36/barrel to $37.28/barrel. A leading European coal price benchmark fell 35% from $73.70/tonne to $47.60/tonne. The U.S. Henry Hub natural gas price index was down 48%, from $4.42/mmBTU to $2.31/mmBTU. The European economy that long drove renewables growth continued to be weak but China, the U.S., and new markets in Mexico, Chile, South Africa, and Morocco picked up the slack. click here for more

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