Bounce in U.S., China Clean Energy Investment Buoys 2Q
This article first appeared on the BNEF mobile app and the Bloomberg Terminal.
$64.8 billion invested in clean energy in 2Q 2017
Investment propelled by $2 billion solar deals in UAE
The second quarter of 2017 saw $64.8 billion invested in clean energy around the world, up 21 percent from the first quarter and the highest since 2Q 2016. The financing of two big photovoltaic projects in the United Arab Emirates with a combined value of around $2 billion helped to drive a recovery in global clean energy investment. Healthy quarter-on-quarter growth was recorded in the U.S. and the China, at 51 percent and 32 percent, respectively. Egypt and Argentina, two new markets for renewables, saw record quarterly investment. The weakest feature was the U.K., where quarterly investment slumped more than 90 percent from a year earlier. BNEF Shorts are research excerpts available only on the BNEF mobile app and the Bloomberg Terminal, highlighting key findings from our reports.
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Bloomberg New Energy Finance (BNEF) is an industry research firm focused on helping energy professionals generate opportunities. With a team of experts spread across six continents, BNEF provides independent analysis and insight, enabling decision-makers to navigate change in an evolving energy economy.
Source:Bloomberg
