Global clean energy investments registers 10% increase in Q1 2014, BNEF

Around $21.2 billion were invested in PV projects up to 1 MW during the first quarter of this year.

In the first quarter 2014, global investments in clean energy grew 10% from the previous quarter, reports Bloomberg New Energy Finance (BNEF). Total investment for the period amount to $47.7 billion, up from $43.6 billion in the first quarter of 2013 and down from $58.1 billion in the previous quarter. The strong growth in the period was mainly due to a 42% increase in financing for small-scale solar projects in Japan and the US. Furthemore, BNEF believes that an over 50% improvement in PV’s levelised cost of electricity per MW over the last four years has contributed to the latest quarter’s growth.
In the period, however, the European market registered a 30% drop from the first quarter 2013, totaling only $11.1 billion. The Chinese market registered a 18% increase year-on-year with clean energy investments reaching $9.9 billion. Brazil was the most dynamic market for the quarter with a 211% growth to $1.3 billion.
Around $21.2 billion were invested in PV projects up to 1 MW during the quarter.
© PHOTON

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