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Global clean energy investments totaled $59.6B in Q2, according to Bloomberg New Energy Finance...

Global clean energy investments totaled $59.6B in Q2, according to Bloomberg New Energy Finance - up 24% Q/Q but down 18% Y/Y. Chinese investments soared 92% Q/Q, as the government does whatever it can to support the industry, while U.S. and Euro investments respectively rose 18% and 11%. Solar investments rose 19%, and wind investments 47%. The higher solar spending hasn't yet managed to create a bottom for struggling manufacturers, though some think one will soon arrive.
Comments (3)
  • SoldHigh
    , contributor
    Comments (1001) | Send Message
     
    Solar still has a long way to go - once it's efficiency and affordability are such that it works in most areas and is "affordable," it will become pervasive.
    12 Jul 2012, 07:00 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (8163) | Send Message
     
    When solar is as efficient as nat gas and coal...then we can talk.
    12 Jul 2012, 10:10 PM Reply Like
  • kmi
    , contributor
    Comments (3984) | Send Message
     
    China quadrupled its solar capacity growth target this year. This isn't just to 'support' its domestic industry, but because it is diversifying away from fossils an as part of an energy security strategy.

     

    Germany now derives 4.5% of its energy from renewables. i.e. its trade balance sheet has removed huge chunks of exported capital for imported energy, and this comes as part of its initiative to get away from nuclear.

     

    And here in the US we still have folks who cannot see the forest for the trees.
    13 Jul 2012, 09:04 AM Reply Like
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