China has surpassed the Americas as the top investor in
clean-energy for the first time, and is increasingly using asset
finance to invest in the sector.
Chinese asset finance investment in wind turbines rose by 27
percent year-on-year to $21.8 billion (€15 billion), while
investment in solar technology almost doubled to $1.9 billion,
according to Bloomberg New Energy Finance.
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“China’s big appetite for green energy to swiftly reduce its
heavy dependence on coal was a major driving force,” said Hidetoshi
Shioda, a senior energy analyst at Mizuho Securities Co. in
Tokyo.
In the last few years, interest in China and the other BRIC
countries – Brazil, Russia and India – has risen dramatically with
many lessors setting up local operations.
These markets promise to be lucrative for the lessors in the
next decade, as their economies mature and interest in asset
finance products grows.
“Looking ahead, China’s appetite for alternative energy investment
will probably remain strong this year,” Shioda added.
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