Info!
UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Promising start to new clean energy investment in 2014
The first quarter of 2014 has been a positive one for clean energy compared to the beginning of last year, with two analysis companies reporting significant increases in investment levels across the world.
Releasing analysis on venture capital, private equity, project finance, mergers and acquisitions and public markets activity during 1Q14, Clean Energy Pipeline said that investments increased by 14% year-on-year to $61bn, compared to $53bn in 1Q13.
The company says that although clean energy deal numbers have hit a four-year low, project finance volumes have now increased for four consecutive quarters. This is due to a small number of billion dollar investments in European offshore wind farms. Clean Energy Pipeline says that high levels of offshore wind project finance is set to continue with large deals set to close over the coming months.
Bloomberg New Energy Finance also reported a rise in clean energy investment in 1Q14, but a smaller increase and to a lower level of $48bn, 10% higher than the $44bn it reported in 1Q13.
The figures from the companies mark a reversal on the year-on-year investment declines seen in 2012 and 2013, but Michael Liebreich, Chairman of Bloomberg New Energy Finance’s advisory board said: ‘It is too early to say definitively that 2013 was the low point for clean energy investment worldwide and that 2014 will show a rebound, but the first-quarter numbers are encouraging.’
Bloomberg New Energy Finance attributes the jump in growth to spending on small-scale solar plants of less than 1 MW, as well as the seeding and expansion of clean energy in emerging economies. In terms of regions, Asia led investment levels. The US was also on a rising trajectory while investment in Europe was down 30% compared to the first quarter of last year.
News Item details
Journal title: Energy World
Subjects: Banking, finance and investment, Wind farms, Offshore wind farms
