BloombergNEF has a new report out, “Clean Energy Investment Trends” for the second quarter of 2018. Here are three informative charts from that report, showing clean energy investment from 2005 to 2018. You can view larger versions of these charts by visiting here and scrolling a bit.
Some details from second quarter:
Clean energy investment was $76.7 billion in the second quarter of 2018, up 8% year-on-year, the increase driven by stronger activity in the U.S. and, to some extent, Europe.
• Global investment in clean energy for the first 6 months of 2018 was $138.2 billion, with China and the U.S. accounting for 65% of the total.
• The first half of 2018 shows solar investment down 19% compared to the same period last year at $71.6 billion, with wind up 33% at $57.2 billion.
• U.S. wind investment stood out in the first half of 2018, reaching $17.5 billion, up by 121% on its figure in the same period last year.
• Chinese wind investment was resilient, rising 4% to $17.6 billion in 1H.
• Significant wind power investments included the $1.5 billion, 731.5MW [megawatt] Borssele 3 and 4 offshore wind farm in Dutch waters, the $769 million 478MW Hale County onshore wind project in the U.S. and the $627 million 120MW Formosa 1 Miaoli project (the first offshore wind array to be financed in the sea off Taiwan).
• China invested $35.1 billion in solar in the first half of this year, down 29% from [the same period of] 2017. This reflected a cooling-off in China’s solar boom, with the full extent of the government-ordered cutback to be manifest from the second half of the year onwards.