(Bloomberg) — Global investment in clean energy slipped
slightly in the second quarter to $73.5 billion.
That was 0.2 percent lower than the amount invested in
wind, solar, biomass and other renewable sources of energy, in
the same period last year, according to research released Friday
by Bloomberg New Energy Finance.
Financing for clean energy sources has been climbing as
costs decline. Investment in 2014 rose to a revised $321.8
billion, up 19 percent from the prior year, and more than a
fivefold increase from the $60.2 billion in 2004.
China was the biggest market for investment in the second
quarter, up 15 percent to $27.9 billion. Spending in the U.S.
increased 3 percent to $12.2 billion, while Europe slipped 23
percent to $12.7 billion.
Project financing for utility-scale power plants made up
the bulk of investment, with $49.5 billion, down 5 percent from
last year. Financing from public markets totaled $4.5 billion.
Venture capital and private equity investment was $871 million,
down 38 percent.
BNEF expects renewables to draw about two-thirds of the
forecasted $12.2 trillion in spending on new generating capacity
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Will Wade, Robin Saponar