Posted by: Windfair Editors
BloombergNEF: Global Clean Energy Investment Slips in 2019
Official Press Release BloombergNEF:
World Clean Energy Investment Slips in 1H 2019, Despite Billion-Dollar Financings of Solar in Dubai and Offshore Wind in Taiwan
The first half of 2019 saw a 39% slowdown in renewable energy investment in the world’s biggest market, China, to $28.8 billion, the lowest figure for any half-year period since 2013, according to the latest figures from BloombergNEF (BNEF).
The plunge in activity in China, as the country shifts this year away from government-set tariffs to auctions for new wind and solar capacity, also depressed the 1H 2019 global investment figure – to $117.6 billion, down 14% compared to the first half of 2018. Justin Wu, head of Asia-Pacific for BNEF, commented: “The slowdown in investment in China is real, but the figures for first-half 2019 probably overstate its severity. We expect a nationwide solar auction happening now to lead to a rush of new PV project... ... More: Official Press Release BloombergNEF
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- BloombergNEF, finances, investment, renewable energy, solar, wind, offshore, onshore, Taiwan, China, figures, Dubai
