Global investment in renewable energy capacity hit $282.2bn in 2019, after a late surge of activity in the offshore wind sector drove a small one per cent uptick in clean energy financing for the year, new research from Bloomberg New Energy Finance (BNEF) today revealed. The influential analyst firm said a subdued first few months of 2019 for renewable energy investment gave way to a busier second half of the year, with the wind energy sector in the US and the offshore wind industries in China and Europe all performing strongly. Overall, worldwide capacity investment in offshore wind hit record levels last year, rising 19 per cent on 2018 levels to reach almost $30bn. The figure was almost $2bn higher than the previous offshore wind financing record which was reached in 2016, BNEF said. The record came after a range of major offshore wind projects reached financial close late last year, including the $3.4bn Neart na Gaoithe 432MW project in Scotland and the $1.5bn 500MW Fuzhou Changle C installation in the East China Sea.
Business Green 16th Jan 2020 read more »