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2012/04/16

Smarter Utility - USA Won the 'Gold' in 2011, $48.1 Billion in Private Clean Energy Investments - TMCnet's Smart Grid eNews

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4/16/2012

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April 13, 2012

Smarter Utility - USA Won the 'Gold' in 2011, $48.1 Billion in Private Clean Energy Investments


From 2004 through 2011, private investors parted with roughly $1 trillion to finance clean energy projects worldwide, according to research results released April 12 by Washington, DC-based Pew (News - Alert) Charitable Trusts.


Global clean energy finance and investment increased to $263 billion in 2011, a 6.5-percent increase over the previous year. Among G-20 nations, the United States reclaimed the top spot from China, which led the global clean energy race since 2009. Germany, Italy, the United Kingdom and India also ranked among the nations that were most successful in attracting private investments during 2011.

“Solar installations drove most of the activity last year, as the falling price of photovoltaic modules—now 75 percent lower than three years ago – more than compensated for weakening clean energy support mechanisms in a number of parts of the world,” said Michael Liebreich, CEO of Bloomberg (News - Alert) New Energy Finance, Pew’s research partner... Read More



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