25 Oct '13, 10am

Fall in world clean energy investment: Global investment in clean energy was US$45.9billion in the third quart...

This suggests that investment in technologies such as smart grid, efficiency, storage and electric vehicles will end this year below 2012's US$281 billion. This total was in turn11% down from the record established in 2011. The third quarter data showed weakness almost across the board, with investment in China, the US and Europe all down on the equivalent period of 2012. The only region to show a rise in activity on both the quarter and the year was the Americas outside the US and Brazil, due to firm figures from Canada, Chile and Uruguay. However, the installation of solar photovoltaic power capacity worldwide is set to hit a new record in 2013 at 36.7GW. "After the slightly more promising second quarter, we now have a very disappointing third quarter figure for investment,” said Michael Liebreich, chief executive of Bloomberg New Energy Finance . “US$45.9 billion is sti...

Full article: http://www.renewableenergyfocus.com/view/35259/fall-in-wo...

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