09 Jul '18, 3pm

Worldwide total investments in #wind power surge in the first half of 2018.

A total of $57.2 billion was invested in wind projects in the first six months of the year, according to Bloomberg New Energy Finance (BNEF) — up 33% year-on-year. This compared with a 19% drop for solar PV as capital costs fell — meaning fewer dollars were spent per megawatt installed — and the Chinese solar boom cooled. BNEF expects these trends to continue in the second half of the year. Overall, $138.2 billion was invested in clean energy in H1 2018, down 1% from the same period in 2017. However, the $76.7 billion invested in the second quarter of the year marked an 8% increase on the same period 12 months prior. Headline wind deals in the first half of the year included: A $1.5 billion investment in the 731.5MW Borssele III and IV wind farm off the Dutch coast, which reached financial close in June; $1 billion in NextEra Energy’s 478MW Hale project in Texas. Construct...

Full article: https://www.windpowermonthly.com/article/1487314/wind-inv...

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