** Due to a data upload issue, we initially omitted renewable energy deals that have significant impact on our numbers. Below is the updated, amended release. We regret the error and apologise for any inconvenience. **
Amended figure much stronger for second quarter, with first half of 2015 only slightly down on same period of 2014
London and New York, 13 July 2015 – Bloomberg New Energy Finance is correcting the second quarter 2015 clean energy investment data that it released on Friday. This reflects the discovery of errors in the aggregating of project and deal-level data.
The corrected figures show that global investment in clean energy was $73.5bn in the second quarter of 2015, substantially higher than reported on Friday. This number is 0.2% down on the equivalent quarter of 2014, and takes the total for the first half of 2015 to $127.9bn, down just 3% on H1 2014.
Looking at the second quarter of 2015 specifically compared to Q2 2014, the following were key features:
- Investment in China was $27.9bn, up 15% on the same quarter a year earlier.
- The US invested $12.2bn, up 3% on Q2 2014.
- Europe invested $12.7bn, down 23%.
- India invested $2.2bn, up 75% on the same quarter last year.
- Brazil invested $1bn, down 50%.
- The Americas excluding the US invested $3.7bn, down 3% on Q2 2014.
- Asia-Oceania excluding India and China invested $12.5bn, up 8%. Of this, Japan saw investment of $8.3bn, down 8% on the equivalent quarter last year.
- Of the different technologies, solar enjoyed the highest investment, at $41.9bn in Q2 2015, up 23% on the second quarter of 2014.
- Wind saw investment of $27.8bn, down 13%.
- Among categories of investment, asset finance of utility-scale renewable energy projects totalled $49.5bn, down 5% on Q2 2014.
- Small-scale solar projects saw investment of $20.4bn in Q2 2015, up 29% on a year earlier.
- Venture capital and private equity investment was $871m, down 38% on the same quarter last year.
- Public markets investment in clean energy was $4.5bn, down 9% on the equivalent quarter.
Bloomberg New Energy Finance apologises for the error, and is tightening up the process for future quarterly data releases.
On Friday, Bloomberg New Energy Finance made revisions to prior-year investment totals, to reflect new information. These revised numbers were not affected by the problems with the Q2 data. To recap, the revisions show that global clean energy investment in 2014 was $321.8bn, up from $269.5bn in 2013, $297.7bn in 2012 and $321bn in 2011. The revised figure for 2014 is 5.3 times the total of $60.2bn recorded 10 years earlier, in 2004.
CONTACT:
Jennifer MacDonald
Bloomberg New Energy Finance
+44 20 3525 9332
ABOUT BLOOMBERG NEW ENERGY FINANCE
Bloomberg New Energy Finance (BNEF) provides unique analysis, tools and data for decision makers driving change in the energy system. With unrivalled depth and breadth, we help clients stay on top of developments across the energy spectrum from our comprehensive web-based platform. BNEF has 200 staff based in London, New York, Beijing, Cape Town, Hong Kong, Munich, New Delhi, San Francisco, São Paulo, Singapore, Sydney, Tokyo, Washington D.C., and Zurich.
BNEF products fit your daily workflow, streamline your research, sharpen your strategy and keep you informed. BNEF’s sectoral products provide financial, economic and policy analysis, as well as news and the world’s most comprehensive database of assets, investments, companies and equipment in the clean energy space. BNEF’s regional products provide a comprehensive view on the transformation of the energy system by region.
New Energy Finance Limited was acquired by Bloomberg L.P. in December 2009, and its services and products are now owned and distributed by Bloomberg Finance L.P., except that Bloomberg L.P. and its subsidiaries (BLP) distribute these products in Argentina, Bermuda, China, India, Japan, and Korea. For more information on Bloomberg New Energy Finance: http://about.bnef.com, or contact us at sales.bnef@bloomberg.net for more information on our services.
ABOUT BLOOMBERG
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service, which provides real time financial information to more than 320,000 subscribers globally. Bloomberg’s enterprise solutions build on the company’s core strength, leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. Through Bloomberg Government, Bloomberg New Energy Finance and Bloomberg BNA, the company provides data, news and analytics to decision makers in industries beyond finance. Bloomberg Beta, a venture capital fund, invests in early-stage technology companies. And Bloomberg News, delivered through the Bloomberg Professional service, television, radio, mobile, the Internet and three magazines, Bloomberg Businessweek, Bloomberg Markets and Bloomberg Pursuits, covers the world with more than 2,400 news and multimedia professionals at more than 150 bureaus in 73 countries. Headquartered in New York, Bloomberg employs more than 15,500 people in 192 locations around the world. For more information visit www.bloomberg.com/company