Drop in wind financing sees clean energy investment decline

Investment in the renewable sector looks likely to fall for the first time in eight years as the global figure of $56.6bn injected into clean energy projects in the third quarter was down 5 per cent from the second quarter.

This represents a drop of 20 per cent in investment from the same time in 2011 and reduction in wind farm spending is held to be the chief reason for the decline, with less investment particularly evident in the US and India, according to Bloomberg New Energy Finance.

Renewable energy

Bloomberg adds that the industry is suffering from excess capacity that’s driven down prices for solar panels and wind turbines, meaning developers pay less to install each megawatt of capacity.

Governments are also paring support for the industry across the US, India and Europe after a record $280bn was invested in clean and low-carbon technologies in 2011.

For more renewable power generation news




Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...