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Pew: global clean energy investment reached record $243B in 2010

29 March 2011

Pew
2010 investment by country and sector. Click to enlarge.

Global clean energy finance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. China, Germany, Italy and India were among the nations that most successfully attracted private investments, according to new research released by The Pew Charitable Trusts.

China continued to solidify its position as the world’s clean energy powerhouse. Its record $54.4 billion in investments in 2010 represents a 39% increase from 2009. Germany was second in the G-20, up from third last year, after experiencing a 100% increase in investment to $41.2 billion. The United States, which had maintained the top spot until 2008, fell another rung in 2010 to third with $34 billion.

The United Kingdom experienced the largest decline among the G-20, falling from fifth to 13th. The report suggests that uncertainty surrounding clean energy policies in these countries is causing investors to look elsewhere for opportunities.

Italy attracted $13.9 billion in clean energy financing last year, improving its global standing to fourth, from eighth in 2009. Italy is the first country to achieve grid parity, or cost-competitiveness, for solar energy. For the first time, India joined the top 10 ranking, attracting $4 billion, a 25% increase.

Wind power continued to be the favored technology for investors at $95 billion. However, the solar sector experienced significant growth in 2010, with investments growing 53 percent to a record $79 billion and more than 17 gigawatts of new generating capacity globally. Germany accounted for 45% of global solar investments.

With underlying data compiled by Pew’s research partner Bloomberg New Energy Finance, Who’s Winning the Clean Energy Race? 2010 Edition examines how nations are faring in the increasingly stiff competition for private investment among the world’s leading economies, known collectively as the Group of Twenty (G-20). Investments in the G-20 countries accounted for more than 90% of the global total.

Other key findings from the report include:

  • Regionally, Europe remained the leading recipient, attracting $94.4 billion, led by Germany ($41.2 billion) and Italy ($13.9 billion).
  • The Asia/Oceania region, led by China, continued its sharp rise, attracting $82.8 billion, a 33% increase over the previous year.
  • The Americas also saw investment grow 35%, but as a region it remains a distant third, attracting $65.8 billion.
  • Investments in small-scale, residential solar grew by 100% to $56.4 billion in the G-20. Germany accounts for nearly half the total, followed by Japan, France, Italy and the United States.
  • Installed generating capacity increased to 388 gigawatts from wind, small-hydro, biomass, solar, geothermal and marine, with China accounting for more than 25 percent of the global total.
  • Excluding research and development funding ($35 billion), investment totaled $198 billion.
  • Increasing 15% to $118 billion, asset financing accounted for the majority of private investment in G-20 countries.
  • Public market financing grew 27% to $15.9 billion, as companies launched public stock offerings to raise capital for expansion.
  • Venture capital/private equity investments in clean energy increased 26% to $8.1 billion. The US led with $6 billion, three-quarters of the G-20 total.

March 29, 2011 in Financing, Infrastructure, Market Background | Permalink | Comments (6) | TrackBack (0)

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Comments

Interesting that 75% of all private investment in clean energy comes from the U.S.. Indicates that confidence in clean energy as a resource and profit opportunity is high. Which bodes well for the sector since loss of Government funding will not end growth.

From the look of the air quality in Beijing alone - it is clear that China will need to double their investment again. Whatever they're doing now - it's not working.

Reels....have you had time to look at the graph?

It looks like:

1. EU invested $77 B
2. China invested $56 B
3. Germany invested $42 B
4. Rest of EU invested $35 B
5. USA invested $35 B

Like in many other sectors, USA is shrinking. China and EU are taking a larger share. Will it change soon or is this a sustained trend?

Harvey - read what I wrote:

"Interesting that 75% of all private investment in clean energy comes from the U.S." The US leads in non-government funding of clean energy. Real people investing in state of the art technology.

Reel$$. I'm convinced that real people also live in EU and China. We may be fatter but we are not that different, are we?

Indeed, we ARE fatter! Yet another reason to be disparaging toward Americans. To that end the increase in corn feed prices will raise the cost of beef which in turn will make the Big Mac a not so cheap happy meal. And THAT is good for healthier living!

The point is the diversity of non-government (i.e. politically motivated)research makes for world leading innovation. Many great inventions have come from little mom and pops working in their garages - without government funding. Though a fancy garage the Bell Labs transistor comes to mind.

The private sector has had a long time to create solutions, but it took the Green Party in Germany to actually make it happen.

The private sector will only take action when something is wildly profitable, more profitable than foreign T Bills. By that time it is too late and the rush is on, distorting the economy.

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