Record investments clean energy

Record Investments in sustainable Energy in 2015 !

Record investments clean energy in 2015 and this year was also the highest ever for installation of renewable power capacity, with 64GW of wind and 57GW of solar PV commissioned during the year, an increase of nearly 30% over 2014.

These were: further declines in the cost of solar photovoltaics, meaning that more capacity could be installed for the same price; the strength of the US currency, reducing the dollar value of non-dollar investment; the continued weakness of the European economy, formerly the powerhouse of renewable energy investment; and perhaps most significantly, the plunge in fossil fuel commodity prices.

Michael Liebreich, chairman of the advisory board at Bloomberg New Energy Finance, said: “These figures are a stunning riposte to all those who expected clean energy investment to stall on falling oil and gas prices. They highlight the improving cost-competitiveness of solar and wind power, driven in part by the move by many countries to reverse-auction new capacity rather than providing advantageous tariffs, a shift that has put producers under continuing price pressure.

Gerard Kemperman, CEO of Vida Eco Energy, welcomes new investors into the clean energy market. “It’s good to see that financial decision makers are seeing the steady returns in clean energy and that trust in investments is growing every day. Especially after the Paris 2015  agreement by all nations.”