18 Apr '11, 4pm

Investment Drops 30% in Clean Energy for Q1 2011

During the first quarter of 2011, investment in clean energy was at the lowest level since the depths of the financial crisis two years ago, reports Bloomberg New Energy Finance. Worldwide investment in clean energy totalled $31.1 billion in the first quarter 2011, dropping a third from the record $47.1 billion recorded in the fourth quarter of last year. It was also down 10% compared to the first quarter of 2010 when it was $34.5 billion, but it is still up over 50% from the low of $20.5 billion recorded in Q1 2009. The subdued investment level in the most recent three months reflected in large part the influence of policy uncertainties in Europe, including in Italy, Spain, France and the UK. Low natural gas prices in the US have played a role - since cheap gas-fired electricity makes it harder for developers of wind and solar projects to secure power purchase agreements....

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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