{"id":487,"date":"2016-01-22T09:10:44","date_gmt":"2016-01-22T09:10:44","guid":{"rendered":"http:\/\/zoldenergiablog.hu\/en\/?page_id=487"},"modified":"2016-01-22T09:10:44","modified_gmt":"2016-01-22T09:10:44","slug":"clean-energy-defies-fossil-fuel-price-crash-to-attract-record-329bn-global-investment-in-2015","status":"publish","type":"page","link":"http:\/\/zoldenergiablog.hu\/en\/archive\/clean-energy-defies-fossil-fuel-price-crash-to-attract-record-329bn-global-investment-in-2015\/","title":{"rendered":"Clean energy defies fossil fuel price crash to attract record $329bn global investment in 2015"},"content":{"rendered":"

2015 was also the highest ever for installation of renewable power capacity, with 64GW of wind and 57GW of solar PV commissioned during the year, an increase of nearly 30% over 2014.<\/strong><\/p>\n

Clean energy investment surged in China, Africa, the US, Latin America and India in 2015, driving the world total to its highest ever figure, of $328.9bn, up 4% from 2014\u2019s revised $315.9bn and beating the previous record, set in 2011 by 3%.<\/p>\n

The latest figures from Bloomberg New Energy Finance<\/a><\/strong> show dollar investment globally growing in 2015 to nearly six times its 2004 total and a new record of one third of a trillion dollars despite four influences that might have been expected to restrain it.<\/p>\n

These were: further declines in the cost of solar photovoltaics, meaning that more capacity could be installed for the same price; the strength of the US currency, reducing the dollar value of non-dollar investment; the continued weakness of the European economy, formerly the powerhouse of renewable energy investment; and perhaps most significantly, the plunge in fossil fuel commodity prices.<\/p>\n

Over the 18 months to the end of 2015, the price of Brent crude plunged 67% from $112.36 to $37.28 per barrel, international steam coal delivered to the north west Europe hub dropped 35% from $73.70 to $47.60 per tonne. Natural gas in the US fell 48% on the Henry Hub index from $4.42 to $2.31 per million British Thermal Units.<\/p>\n

China was again by far the largest investor in clean energy in 2015, increasing its dominance with a 17% increase to $110.5bn, as its government spurred on wind and solar development to meet electricity demand, limit reliance on polluting coal-fired power stations and create international champions.<\/p>\n

Second was the US, which invested $56bn, up 8% on the previous year and the strongest figure since the era of the \u2018green stimulus\u2019 policies in 2011. Money-raising by quoted \u2018yieldcos\u2019, plus solid growth in investment in new solar and wind projects, supported the US total.<\/p>\n

\"\"<\/a><\/p>\n

Global clean energy investment 2004-15, $bn<\/strong><\/p>\n

Europe again saw lower investment in 2015, at $58.5bn, down 18% on 2014 and its weakest figure since 2006. The UK was by far the strongest market, with investment up 24% to $23.4bn. Germany invested $10.6bn, down 42% on a move to less generous support for solar and, in wind, uncertainty about how a new auction system will work from 2017. France saw an even bigger fall in investment, of 53% to $2.9bn.<\/p>\n

Brazil\u2019s clean energy investment slipped 10% to $7.5bn in 2015, while India\u2019s gained 23% to $10.9bn, the highest since 2011 but a far cry for the figures needed to implement the Modi government\u2019s ambitious plans. Japan saw investment rise 3% to $43.6bn, on the back of a continuing PV boom. In Canada, clean energy investment fell 43% to $4.1bn, while in Australia, it edged up 16% to $2.9bn.<\/p>\n

A number of \u201cnew markets\u201d together committed tens of billions of dollars to clean energy last year. These include Mexico ($4.2bn, up 114%), Chile ($3.5bn, up 157%), South Africa ($4.5bn, up 329%) and Morocco ($2bn, up from almost zero in 2014).<\/p>\n

Africa and the Middle East are two regions with big potential for clean energy, given their growing populations, plentiful solar and wind resources and, in many African countries, low rates of electricity access. In 2015, these regions combined saw investment of $13.4bn, up 54% on the previous year.<\/p>\n

Source: http:\/\/about.bnef.com\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

2015 was also the highest ever for installation of renewable power capacity, with 64GW of wind and 57GW of solar PV commissioned during the year, an increase of nearly 30% over 2014. Clean energy investment surged in China, Africa, the … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"parent":23,"menu_order":28,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_mi_skip_tracking":false},"_links":{"self":[{"href":"http:\/\/zoldenergiablog.hu\/en\/wp-json\/wp\/v2\/pages\/487"}],"collection":[{"href":"http:\/\/zoldenergiablog.hu\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/zoldenergiablog.hu\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/zoldenergiablog.hu\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"http:\/\/zoldenergiablog.hu\/en\/wp-json\/wp\/v2\/comments?post=487"}],"version-history":[{"count":1,"href":"http:\/\/zoldenergiablog.hu\/en\/wp-json\/wp\/v2\/pages\/487\/revisions"}],"predecessor-version":[{"id":488,"href":"http:\/\/zoldenergiablog.hu\/en\/wp-json\/wp\/v2\/pages\/487\/revisions\/488"}],"up":[{"embeddable":true,"href":"http:\/\/zoldenergiablog.hu\/en\/wp-json\/wp\/v2\/pages\/23"}],"wp:attachment":[{"href":"http:\/\/zoldenergiablog.hu\/en\/wp-json\/wp\/v2\/media?parent=487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}