L R AS Published on Saturday 13 July 2019 - n° 285 - Categories:evolution-stat
Global investment declines 14% in early 2019
International investment in renewable energies slowed in the first half of the year, according to Bloomberg NEF. This development was largely caused by the decline in spending on renewable energy.
in the world's largest renewable energy market: in China, they fell by 39% to $29 billion. This reduced global figures by 14% to $118 billion. The United States and Europe recorded a decline of 6% to $22bn and 4% to $23bn.
French investments in renewable energies decreased by 75% in the first half of the yearto $567 million.
This global decline is evident despite a few large contracts (Al Maktoum IV Solar for $4.2 billion; two offshore wind power plants in Taiwan for $5.7 billion).
PV Magazine of 11 July
Editor's note Photovoltaic installations were few and far between during the first half of the year. The situation is expected to change in the second half of the year.
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The volume of European investment varies from country to country. On the rise : Spain was the star performer with 3.7 billion dollars, up 235 % compared to the same period of the previous year ; the United Kingdom up 35% to $2.5 billion; Sweden up 212% to $2.5 billion; Ukraine up 60% to $1.7 billion. Conversely, investments decreased in the Netherlands with a drop of 2.2%, in Germany with a 42% drop to $2.1 billion, and in France with a 75% drop to $567 million.
In thefirst half of the year, global financing of major projects (wind farms and solar farms) fell 24% to $85.6 billion, largely due to China. Financing for small solar systems (less than 1 MW) increased by 32% to $23.7 billion.
Bloomberg NEF of 10 July
