Solar parks in U.A.E. boost global clean energy investment in Q2

Monday 14 August 2017

Taking all categories of investment together, country-level results for the second quarter included:

  • China $23.3 billion, down 16% compared to 2Q 2016, up 32% from 1Q 2017.
  • The U.S. $14.7 billion, up 6% year-on-year, up 51% quarter-on-quarter.
  • Europe $8.8 billion, down 49% year-on-year, up 10% quarter-on-quarter.
  • Germany $3.2 billion, down 34% year-on-year, down 7% quarter-on-quarter.
  • Japan $2.9 billion, up 12% year-on-year, down 11% quarter-on-quarter.
  • India $2.6 billion, up 11% year-on-year, down 4% quarter-on-quarter.
  • A.E. $2.1 billion, up from almost nothing in 2Q 2016 and 1Q 2017.
  • Brazil $1.9 billion, down 1% year-on-year, up 10% quarter-on-quarter.
  • Mexico $1.8 billion, up 261% year-on-year, down 10% quarter-on-quarter.
  • Australia $1.5 billion, up 77% year-on-year, down 29% quarter-on-quarter.
  • Sweden $887 million, up 213% year-on-year, and up from almost nothing in 1Q.
  • France $845 million, up 43% year-on-year, down 1% quarter-on-quarter.
  • Egypt $805 million, up from almost nothing in 2Q 2016 and 1Q 2017.
  • Argentina $464 million, up from almost nothing in 2Q 2016 and 1Q 2017.
  • The U.K. $407 million, down 93% year-on-year, down 60% quarter-on-quarter.

Global new investment in clean energy by region, by quarter, $billion

Source: Bloomberg New Energy Finance. Note: In this chart, asset finance is adjusted for re-invested equity. Clean energy covers renewable energy excluding large hydro, plus energy smart technologies such as energy efficiency, demand response, energy storage and electric vehicles.

BNEF’s annual figures, published every January, include certain categories of investment that are not in the quarterly data – namely corporate and government R&D in clean energy and asset finance of smart meters and energy storage projects.

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