Global corporate PV funding down 31% amid Covid-19 crisis
Mercom Capital Group has issued a report tallying up financial activity in the solar sector between January and March 2020. The sobering result is that cash flows are down by considerable margins on all metrics.
Solar and wind offer safest route to decarbonized electricity mix
The mature renewable energies are the most efficient power resources to slow down global warming and reduce human health impacts, according to a new study published in Nature Communications. The authors claim renewable energy generation capacity is also the best way to reduce land use, toxicity and drinking water depletion.
IRENA predicts LCOE of solar will drop to $0.01-0.05 by mid century
The latest study published by the International Renewable Energy Agency says the average solar electricity cost of $0.085/kWh produced by projects commissioned last year is set to fall to $0.048 next year, and $0.02-0.08 by 2030.
Global solar investment drops due to low project costs, China policy change
While overall global investment in clean energy saw a decrease of just 1% YoY in the first half of 2018, solar’s share dropped 19% following changes to China’s PV policy and lower project costs, says Bloomberg NEF (BNEF). It forecasts this trend to continue throughout the year.
Global solar power funding slows during Q1, 7.7 GW of assets change hands
Mercom’s Q1 2018 report shows only US$2 billion raised during the quarter, a 2/3 fall from the previous quarter and a decline on a year-over-year basis.
Solar markets see increase in total funding in first half of 2017
A total of $4.6 billion was raised in 97 deals in the first half of 2017, up from $4.5 billion in 79 deals in the respective period last year, shows information published by industry analysts Mercom Capital Group.
Clean energy spending in 2016 hits 43% share of total supply investment, finds IEA
The International Energy Agency’s World Energy Investment report sees global spending on energy fall by 12% overall in 2016, marking the second-consecutive year that investment has dropped as less money is poured into costly gas and oil infrastructure. Clean energy spending, meanwhile, is on the up.
Solar among areas with biggest returns for economy, climate, researchers say
Amid growing energy demand and urgent calls for combating climate change, identifying energy technologies that are good bets for the economy and climate is increasingly important, finds study.
Solar to attract more investment than coal, gas and nuclear combined this year, says Frost & Sullivan
Analysts expect global renewable power investment to reach $243bn this year, with solar PV the fastest-growing segment and non-hydro renewables to account for 65% of all global power investment by 2020.
VC funding for green energy reached record high in 2016, finds BNEF
Data from Bloomberg New Energy Finance reveals total of $834 million steered towards the global clean energy industry last year, marking the third consecutive annual increase.
