BNEF: Clean Energy Investments Worldwide Record Breaking in 2015

 BNEF: Clean Energy Investments Worldwide Record Breaking in 2015

The U.S., China, Latin America, Africa and India increased investments in clean energy in 2015, pushing the world total to $329.3 billion, the world’s highest ever figure, according to new analysis.
 
A Bloomberg New Energy Finance report (download here) says the total from 2015 is up 4 percent from 2014’s revised total of $315.9 billion. It also beat the previous record set in 2011 by 3 percent. The biggest share of investments was asset finance of utility-scale projects such as wind farms, solar arrays, biomass and waste-to-energy plants and small hydroelectric facilities. This totaled $199 billion, up 6 percent on the previous year. Second was spending on rooftop and other small-scale solar projects, which totaled $67.4 billion, up 12 percent on the previous year. Both wind and solar PV saw around 30 percent more capacity installed worldwide in 2015 than in 2014.
 
Public market investment in clean energy companies was $14.4 billion in 2015, down 27 percent from 2014 but in line with the 10-year average. Venture capital and private equity investors put $6.1 billion into specialist clean energy firms in 2015, up 27 percent on the 2014 total.
 
Worldwide dollar investment last year increased to nearly six times its 2004 total despite four influences that could have held it back, the report says. Those influences were: further declines in solar photovoltaic costs, the strength of the U.S. currency; the continued weakness of the European economy; and the drop in fossil fuel commodity prices. The price of Brent crude plummeted 67 percent from $112.36 to $37.28 per barrel. Natural gas U.S. prices fell 48 percent on the Henry Hub index from $4.42 to $2.31 per million British Thermal Units.



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