Global Trends in Renewable Energy Investment 2011

Jan 30th, 2012 | By | Category: Articles, Facts & Figures

Global investment in renewable energy jumped 32% in 2010, to a record $211 billion.

In addition to this eye-catching record, the investment activity in developing countries increased strongly. It is the first time the developing world has overtaken the richer countries in terms of financial new investment.

GLOBAL TRENDS IN RENEWABLE ENERGY INVESTMENT 2011

Investments in renewable energies, from wind and solar power to geothermal and waste-into-energy, continued
their remarkable growth in 2010.
A combination of stimulus package funds making their way into the market, the introduction of smart policies
like feed-in tariffs and target-setting sparked a record $211 billion of investment in renewable energy.
The more-than-$48 billion new investment in China merits attention in terms of scale and growth. Other
highlights of this year’s report are rising investments across other parts of the developing world, and the sharp
increase in investment in small-scale renewables in countries such as Germany and Italy, where predominantly
rooftop solar projects surged to $60 billion-worth of investment, up over 90% from 2009.
Excluding Brazil, Mexico took the lead in Latin America where investments, mainly in wind but also in geothermal,
grew close to 350%, triggered in large part by a government decision to raise renewable energy capacity from
3.3% to over 7.5% by 2012.
Argentina, with a target of 8% of its energy to be sourced from renewables by 2016, saw investment grow
nearly seven-fold to $740 million. 2010 also saw important investment in Chile, Peru and Venezuela.
In Asia, Pakistan and Thailand saw investments tripling and quadrupling respectively. In Pakistan $1.5 billionworth
of wind was financed and in Thailand $700 million-worth of investment flowed, mainly into large-scale
photovoltaic projects.
Significant investment is also starting to be seen in Africa, which posted the highest percentage increase of all
developing regions, if the emerging economies of Brazil, China and India are excluded.
In Egypt, renewable energy investment rose by $800 million to $1.3 billion as a result of the solar thermal
project in Kom Ombo and a 220MW onshore wind farm in the Gulf of Zeit. In Kenya, investment climbed from
virtually zero in 2009 to $1.3 billion in 2010 across technologies such as wind, geothermal, small-scale hydro
and biofuels. Small but significant advances were also made in Cape Verde, Morocco and Zambia.
Renewable energies are expanding both in terms of investment, projects and geographical spread. In doing so,
they are making an increasing contribution to combating climate change, countering energy poverty and energy
insecurity, stimulating green jobs and meeting the Millennium Development Goals.
The UN climate convention in Durban later in the year, followed by the Rio+20 Conference in Brazil in 2012,
offer important opportunities to accelerate and scale-up this positive transition to a low carbon, resource
efficient Green Economy in the context of sustainable development and poverty eradication.
Achim Steiner
UN Under-Secretary General and UNEP Executive Director

The Global Trends Report 2011 offers an elaborate analysis of Trends and Issues in the financing of renewable energy.

Please don’t forget to download the corresponding GTR Chartpack from our website as well.

Author: Angus McCrone, Eric Usher, Virginia Sonntag-O’Brien, Ulf Moslener, Jan G. Andreas, Christine Grüning

Release date:  July, 2011
Number of pages:  61
File size: 7.56 MB
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