07 Dec '11, 1pm

Clean energy investments pass trillion-dollar mark

Over a trillion dollars have been invested in renewable energy, energy efficiency and smart energy technologies since records began in 2004. Analysts Bloomberg New Energy Finance (BNEF) said the landmark was probably passed during the last two weeks of November and would likely have been in the developing world. FURTHER READING Siemens adds eMeter to smart grid portfolio Firms urged to accelerate efforts to green their IT systems Annual clean energy investment has increased nearly five-fold since 2004, rising from $52bn to $243bn last year, at a compound annual growth rate of 29 per cent. BNEF said it expects 2011 to be another record year, driven by US solar thermal projects, large European offshore wind financings, continued high levels of activity in China and Germany, and India's new national renewable energy programmes. Company chief executive Michael Liebreich said t...

Full article: http://www.businessgreen.com/bg/news/2130793/clean-energy...

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Clean energy investment tops $1 trillion

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