Worldwide asset finance for renewable energy during Q3 2009
dropped from $24.1 billion to $19.2 billion in Q2, but is expected
to expand again soon according to a research from New Energy
Finance (NEF).
NEF’s research showed that asset finance still constitutes the
largest portion of overall clean energy investments, and despite
the $4.9 billion drop on a quarterly basis, it was still far above
Q1’s total of $11.4 billion, which was the lowest since the
beginning of 2006.
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Europe led figures in asset finance with $8.8 billion, while the
US continued to lag far behind on $1.2 billion.
Michael Liebreich, chairman of the London-headquartered
renewable energy consultancy, commented: “the shortage of debt
finance caused by the banking crisis remains an impediment to
project finance for wind farms and solar parks.”
“However, there are signs that the situation is beginning to
ease. We are seeing governments – particularly the US – starting to
spend the estimated $163 billion they have earmarked for green
stimulus programmes. That should boost asset finance in the fourth
quarter.”
Antonio Fabrizio
