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UN: Renewable Energy: World Invests $244 billion in 2012, Geographic Shift to Developing Countries
http://www.unep.org/newscentre/Default.aspx?DocumentID=2718&ArticleID=9542&l=en[font face=Serif][font size=5]Renewable Energy: World Invests $244 billion in 2012, Geographic Shift to Developing Countries[/font]
Wed, Jun 12, 2013
[font size=4]Installed capacity continues to grow as solar prices drop 30-40%, new wind installations surge[/font]
[font size=3]Nairobi, 12 June 2013 - For only the second time since 2006, global investments in renewable energy in 2012 failed to top the year before, falling 12% mainly due to dramatically lower solar prices and weakened US and EU markets.
However, 2012 was the second highest year ever for renewable energy investments, which total $1.3 trillion since 2006. And there was a continuing upward trend in developing countries in 2012, with investments in the South topping $112 billion vs $132 billon in developed countries - a dramatic change from 2007, when developed economies invested 2.5 times more in renewables (excluding large hydro) than developing countries, a gap that has closed to just 18%.
…
New record for installations of solar and wind
Globally, solar PV installations reached a record 30.5 gigawatts (GW) in 2012 but overall investment was down from the previous year due to a fall of 30%-40% in PV system prices. Those lower costs spurred bigger investment in small-scale solar, rising from $77 billion in 2011 to $80 billion in 2012, while spending on large-scale solar projects of more than 1MW fell 24% to $52.7 billion.
Installed wind capacity also hit a new record of 48.4GW, up from 42.1GW in 2011. Dollar investments fell 10%, however, reflecting a large number of projects financed in 2011 and completed in 2012. Costs also fell, with average prices paid for onshore turbines falling by a few percentage points compared with 2011.
…[/font][/font]
Wed, Jun 12, 2013
[font size=4]Installed capacity continues to grow as solar prices drop 30-40%, new wind installations surge[/font]
[font size=3]Nairobi, 12 June 2013 - For only the second time since 2006, global investments in renewable energy in 2012 failed to top the year before, falling 12% mainly due to dramatically lower solar prices and weakened US and EU markets.
However, 2012 was the second highest year ever for renewable energy investments, which total $1.3 trillion since 2006. And there was a continuing upward trend in developing countries in 2012, with investments in the South topping $112 billion vs $132 billon in developed countries - a dramatic change from 2007, when developed economies invested 2.5 times more in renewables (excluding large hydro) than developing countries, a gap that has closed to just 18%.
…
New record for installations of solar and wind
Globally, solar PV installations reached a record 30.5 gigawatts (GW) in 2012 but overall investment was down from the previous year due to a fall of 30%-40% in PV system prices. Those lower costs spurred bigger investment in small-scale solar, rising from $77 billion in 2011 to $80 billion in 2012, while spending on large-scale solar projects of more than 1MW fell 24% to $52.7 billion.
Installed wind capacity also hit a new record of 48.4GW, up from 42.1GW in 2011. Dollar investments fell 10%, however, reflecting a large number of projects financed in 2011 and completed in 2012. Costs also fell, with average prices paid for onshore turbines falling by a few percentage points compared with 2011.
…[/font][/font]
