2014 associated global renewable energy investment growth over the previous year 16% US $ 310 billion

Polaris solar PV net news: United States research firm Bloomberg new energy finance (BNEF) announced on January 14, 2014, global renewable energy investment growth over the previous year to 16%, reaching 310 billion dollars.

This figure with the most high – 2011 $ 317.5 billion the same restoration far exceeding expectations. Unlike 10 years ago, in 2004, compared with $ 60.2 billion, expanding to more than by a factor of 5 times.

BNEF Advisory Board Chairman MichaelLiebreich said the 2014 forecast rose by at least 10%, but actually grew 16%, far exceeding forecasts. He is based on the analysis of photovoltaic power generation investment accelerating and PV’s cost competitiveness has improved significantly over the past 5 years, has had a huge impact on this.

In addition, Liebreich also predicted that crude oil prices have a bigger impact on the field of road transport than electricity generation business.

All over the world have started large-scale projects

Renewable energy asset financing (funding) rose by about 10%, $ 170.7 billion, setting a record in the history.

From the different fields of view, photovoltaic power generation topped the list, up 25% over the previous year, to $ 149.6 billion. Accounts for about half of the renewable energy-related investments. Second place for the wind power industry, up 11% over the previous year, to 99.5 billion dollars, setting a record in the history.

In 2014, the huge output of photovoltaic power generation and onshore wind power project is underway, carried out large scale investments throughout the world.

For example, speculated that investment of $ 1.1 billion in Japan, 250MW, setouchi (PV), the investment of $ 1 billion in South Africa 100MW (solar thermal power generation), the investment of 859 million dollars in Kenya Turkana 310.5MW (wind power) and the investment of $ 728 million in Canada Ontario 270MW (wind hybrid power) project.

Also, European size 7 $ 1 billion offshore wind power projects, have entered the final stage. Netherlands offshore investments for 600MW project $ 3.8 billion, United Kingdom waters 402MW project investment amounted to 2.6 billion dollars, Baltic Sea, Germany waters 350MW project investment amounted to 1.7 billion dollars.

Third-ranking investment areas of smart grid, energy storage, smart energy technology such as high efficiency, electric transport, investment rose by 10%, $ 37.1 billion.

Followed by biofuels for 7% less than the previous year’s $ 5.1 billion, biomass and waste to energy for 10% less than the previous year’s US $ 8.4 billion, harnessing the 23% higher than last year’s $ 2.7 billion, small-scale hydro-electric power for 17% less than the previous year’s US $ 4.5 billion.

In addition, the Government, local government and enterprise investment on research and development rose by about 2%, $ 29 billion. Smart energy technologies such as smart metering-related assets rose by 8%, $ 16.8 billion.

Venture capital and private equity investments rose by 16%, for $ 4.8 billion. However, with the dramatic reduction of compared with $ 12.3 billion in 2008.

Venture capital and private equity principal investments for 2014, United States Boston-Power lithium-ion battery manufacturers company capital increase of 250 million dollars, United States PV system sets the SunnovaEnergy company capital increase of 250 million dollars, and United States residential PV financing operators Sunrun companies contributing $ 150 million dollars.

Sino-US high, increased investment of major countries

Countries, primarily an increase in investment in the country. United States rose by 8%, $ 51.8 billion. Its highest record since 2012.

This figure includes the power company’s assets to raise 15.5 billion dollars. Photovoltaic investments rose by 39%, $ 8.9 billion, wind power for less than half the $ 5.9 billion a year earlier. Wind power investment declined dramatically due to the effect of the prospect of increased uncertainty of a production tax credit. Small-scale distributed generation investments for $ 12.9 billion.

Investment in China rose by 32%, $ 89.5 billion, setting a record in the history. This figure also includes financing of $ 73 billion in assets. Among them, the $ 38.3 billion investment in wind power, photovoltaic power generation at $ 30.4 billion, rose by more than 20%. Small-scale distributed generation investments for $ 7.6 billion.

European investment in offshore wind power are active, but only increased by 1%, $ 66 billion.

United Kingdom $ 15.2 billion of investments rose by 3%, Germany for 3% higher than last year’s $ 15.3 billion, France due to the construction of Europe’s largest 300MW million watt PV plants etc, investments rose by 26%, for $ 7 billion.

The other hand, Italy implemented for PV power purchase price subsidy cuts retroactive effect in the past, investment of 60% less than a year ago, for $ 2 billion.

Japan invested rose by 12%, $ 41.3 billion; Canada rose 26%, for $ 9 billion; Brazil rose 88%, for $ 7.9 billion; India rose 14%, for $ 7.9 billion; South Africa rose by 5%, for $ 5.5 billion.

Australia investment 35% less than a year ago, for $ 3.7 billion, is the lowest amount since 2009. Reason is that the photovoltaic and wind power development operator in wait-and-see the Government re-discussion of renewable energy into the target, thus postponing investment decisions.

Original title: 2014 associated global renewable energy investment growth over the previous year 16% US $ 310 billion

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