NewEnergyNews: Money Still Backs The Global New Energy Boom

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    Friday, August 04, 2017

    Money Still Backs The Global New Energy Boom

    Second quarter of 2017 saw $64.8 billion invested in clean energy around the world, up 21% from 1Q this year, but down 12% compared to 2Q 2016

    July 7, 2017 (Bloomberg New Energy Finance)

    “…[Investment in global clean energy reached] $64.8 billion in the second quarter of this year, the highest for any quarter since 2Q 2016…Overall, solar was the star sector in 2Q, notching up investment of $35.6 billion, up 19% year-on-year and 20% quarter-on-quarter. Wind had a weaker three months, seeing investment slip 29% year-on-year to $26.2 billion, although it was 43% higher than in the first quarter of this year…The commitments made to both solar and wind were less in dollar terms per MW in 2Q 2017 than they would have been in previous years because of sharp reductions in costs. BNEF estimates that global capital costs for PV and onshore wind have dropped by 15% and 14% respectively in the last 12 months, in response to fierce competition in manufacturing, and technology improvements…Outside solar and wind, other clean energy sectors saw modest flows in 2Q…” click here for more

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