Asset finance for renewable energy maintained
double digit growth in 2008 despite a slow second half, according
to figures quoted in the publication Renewable Energy
Focus.
double digit growth in 2008 despite a slow second half, according
to figures quoted in the publication Renewable Energy
Focus.
Analysts at renewable energy consultancy New
Energy Finance reported a 4.4 percent growth in global renewable
energy investments over the course of 2008, with the total
surpassing $150 billion (€117 billion) for the first time, the
magazine claimed.
Energy Finance reported a 4.4 percent growth in global renewable
energy investments over the course of 2008, with the total
surpassing $150 billion (€117 billion) for the first time, the
magazine claimed.
Although this is a reduction on 2007’s equivalent figure of 60
percent, the figure for 2008 included good news for asset finance.
Apparently, 2008 saw $97 billion of asset finance investments in
new build projects, showing a 15.5 percent increase
year-on-year.
Overall, wind power saw highest investments at $52.9 billion,
followed by solar power at $31 billion. However, solar power took
the lead in terms of growth, with a 31.9 percent year-on-year
increase compared to negative 1.5 percent for wind.
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