09 Jul '18, 2pm

Solar Energy Investment Set to Fall in 2018 According to BNEF

The latest figures from Bloomberg NEF (BNEF), show world investment in clean energy in the first six months of 2018 at $138.2 billion, down just 1% from the same period in 2017. The second quarter, from April to June, saw a rise year-on-year – of 8% to $76.7 billion. A sectoral split for the first half of 2018 shows solar investment down 19% compared to the same period last year at $71.6 billion, with wind up 33% at $57.2 billion. The slippage in solar reflects two main developments – lower capital costs for photovoltaic projects, and therefore fewer dollars spent per megawatt installed; and a cooling-off in China’s solar boom. These trends are set to pick up speed in the second half. Justin Wu, head of Asia-Pacific at BNEF, said, “On June 1, the Chinese government released a policy document restricting new solar installations that require a national subsidy, with immediat...

Full article: https://www.renewableenergymagazine.com/panorama/solar-en...

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