Report from UNEP-Frankfurt School examines a record-breaking year for renewables investment and a record-shattering year for the gigawatt capacity installed.
London, 24 March 2016 – An authoritative and detailed analysis of global investment in renewable energy is published today, revealing record global investment ($285.9bn in 2015, up 5%), record capacity installed (134GW, up from 106GW in 2014) and – perhaps most strikingly – for the relative importance of developing countries.
Developing economies invested $156bn in renewables  in 2015, up 19% on the previous year, an all-time high and 17 times the figure for 2004. By contrast, investment by developed economies slipped 8% in 2015 to $130bn. This is the first time that the emerging world has out-invested the richer nations.
Global Trends in Renewable Energy Investment 2016 is the 10th edition of the United Nations Environment Programme (UNEP) report. Based on data and analysis from Bloomberg New Energy Finance, it is the world’s foremost reference document on renewable energy investment, and for the examination of trends by region, country, sector and investment type.
The new edition, commissioned by the Frankfurt School-UNEP Collaborating Centre, can be downloaded now from http://fs-unep-centre.org/publications/global-trends-renewable-energy-investment-2016.
The 84-page report is full of information on the deals, issues and policy moves that lay behind the rise in world renewable energy investment last year, and highlights all the major features – including a hectic year for wind and solar in China, record-breaking financing of offshore wind globally, and the rollercoaster ride of equity raising by “yieldco” vehicles.
Chapter 2 of the report, entitled Renewable energy in perspective, highlights the way investment in green power has jumped far ahead of investment in fossil fuel generation, but also shows that the world is not yet on course to rein in carbon emissions.
This year’s focus chapter is on Renewable energy and storage. It discusses the challenge of balancing variable generation sources such as wind and solar, and the potential of storage technologies to address this. The chapter presents eye-catching data on the speed of reduction in lithium-ion battery prices and analysis on the cost and benefit of adding storage to renewable power plants to make them more responsive to the needs of the grid.
Chapter 4 of the report, entitled Investment sources, looks at where the billions of dollars being ploughed into the build-out of renewable technologies are coming from, highlighting innovations in the provision of debt and equity.
The Executive Summary and 10 chapters of the Global Trends report draw heavily on Bloomberg New Energy Finance’s statistics on renewable energy investment. These figures are not the same as BNEF’s clean energy investment total published earlier this year, because clean energy includes not only renewables but also energy smart technologies such as smart grid, efficiency, advanced transportation and power storage.
Bloomberg New Energy Finance plans to publish its data for clean energy investment in the first quarter of 2016 in early April.
 Excluding large hydro-electric projects of more than 50MW.
Bloomberg New Energy Finance
+44 203 525 4796
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.
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 firstname.lastname@example.org for more information on our services.
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 325,000 subscribers globally. For more information, visit http://www.bloomberg.com/company/ or request a demo.