12 Apr '12, 3pm

Q1 2012 Green Investment Falls Off a Cliff : Greentech Media

Global green energy investment stumbled badly in the first quarter of 2012, falling to levels not seen since the financial crisis of 2009. Looks like expiring U.S. incentives, European economic crisis, well-publicized solar bankruptcies and the threat of more high-profile green tech companies going under has taken its toll. Bloomberg New Energy Finance reported Thursday (PDF ) that global clean energy investment fell to a mere $27 billion in the first three months of 2012, down 28 percent from the previous quarter and down 22 percent from the first quarter of 2011. It’s the worst showing since the first quarter of 2009, when the research firm counted $20 billion in venture capital, private equity, public markets and asset finance. Broken out by sector, the first quarter of 2012 saw $24.2 billion in utility-scale renewable energy project asset finance, down 30 percent from ...

Full article: http://www.greentechmedia.com/articles/read/q1-2012-green...

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