Europe clean energy investment slumps

Date: 15/07/2013

Clean energy investment in Europe slumped last quarter while the US, China and South Africa saw a surge according to analysis from Bloomberg New Energy Finance.

The European figure fell to $9.5 billion (£6.3 billion), the continent´s lowest quarter total for more than six years and 44 per cent down on the previous quarter.

US investment leapt 155 per cent to $9.5 billion (£6.3 billion) from a weak first quarter, while China was up 63 per cent to $13.8 billion (£9.2 billion) and South Africa up from “almost nothing” to $2.8 billion (£1.9 billion).

Global investment grew 22 per cent quarter-on-quarter but at $53.1 billion remained lower than Q2 2012.

Source: Utility Week / CHPA