BNEF: Global Clean Energy Investment Rises by 9% YTD Through Q2

Global investment in clean energy increased by 9% year-to-date through Q2, to $111.3 billion, versus the same period a year ago, said Bloomberg New Energy Finance this week. In Q2, global investment rose to $63.6 billion, an increase of 33% versus Q1.

The main driver of the increase was Gemeni Offshore Wind Farm’s $3.8 billion deal for a 600MW offshore wind farm off the coast of the Netherlands in May. It was the biggest deal in the industry’s history, BNEF said.

“The new investment upswing is broad-based, with activity rising across wind and solar, large-scale and small-scale projects, and covering most of the big markets,” said BNEF Chairman Michael Liebreich. “The industry is gathering momentum once again.”

Financing for rooftop and small-scale solar rose 41% to $21.2 billion YTD from a year earlier.

Venture capital and private equity clean energy investment rose by 33% in Q2 versus Q1, to $1.6 billion, according to Bloomberg’s data.

In the U.S., clean energy investment rose by 28% YTD through Q2 versus the same period a year ago ($18.5B vs $14.5B), with a 34% increase in Q2 vs Q1, to $10.6 billion.

In China, investment rose by 16% YTD through Q2 versus a year ago ($29.2B vs. $25.0B), with a 95% increase in Q2 vs. Q1, to $19.3 billion.

In Europe, investment was down by 1% YTD through Q2 versus a year ago ($25.1B vs $25.3B), but up 26% in Q2 vs Q1, to $14B.

Venture Capital/Private Equity

YTD Q2 vs. 1 year ago = 0% ($2.8B YTD)

Q2 vs. Q1 = +33% ($1.6B in Q2)

(According to Crunchbase data, cleantech VC fundings were up 86% year-to-date through Q2, to $1.2B,  versus the same period a year ago.)

Asset financing

YTD Q2 vs. 1 year ago = -6% ($61B YTD)

Q2 vs. Q1 = +68% ($38.2B in Q2)

Public Market

YTD Q2 vs. 1 year ago = +40%  ($7.4B YTD)

Q2 vs. Q1 = +6% ($3.8B in Q2)

Corporate M&A

YTD Q2 vs. 1 year ago = +19% ($9.9B YTD)

Q2 vs. Q1 = -61% ($2.8B in Q2)

To read the full report by Bloomberg New Energy Finance, click here

 

 

 

 

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