Global clean energy investment has been on a roll lately. Bloomberg New Energy Finance has just reported Q2 results and they're up 9% over Q2 last year. That's chump change compared to this year's quarter-to-quarter movement, which saw a 33% spike from Q1 to Q2.
The new Q2 report follows a strong Q1 for 2014. As
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The new Q2 report follows a strong Q1 for 2014. As to whether or not this signals a long term trend, think Solyndra bankruptcy — but in a good way — and you’ll see why BNEFanalysts are sharing a blue-skies outlook for global clean energy investment.Clean Energy By The Numbers
According to today’s BNEF report, the total for Q2 2014 was $63.6 billion, which sounds pretty impressive.
However, the record for global clean energy investment was set at $78 billion back in 2011 and it hit a second-highest mark of $69.6 billion in Q2 2012, so we still have some catching up to do.
You can check out the full report for a more detailed breakdown, but for those of you on the run the Q2 2014 highlights for investment in individual projects include the Netherlands’ record-breaking Gemini offshore wind farm and the Cemex Venitka wind farm in Mexico.
Also cited is the Ashalim 1 concentrating solar power project in Israel’s Negev Desert. That project is of particular interest to CleanTechnica because we had a chance to tour several new solar power plants in the Arava region of the Negev several months ago.
All located on kibbutzes (as is Ashalim 1), the solar projects have been coordinated to replace diesel generators used by the tourist city of Haifa.
With the diesel-killing angle in mind, the demo projects are also designed as proof-of-concept for exportable solar technology, going head-to-head against cheap diesel generators to capture the growing energy market in Africa and other areas of development.
If you’re looking for a particular reason why BNEF is so optimistic, take a look at what’s going on in Arava and you’ll see that the energy transportation paradigm is shifting away from harvesting and transporting massive quantities of fuel, to a more sustainable model in which energy-harvesting technology is the main export.