Global Investments in the Green Industry have increased by a whopping 39% y/y to $243 billion in 2010 despite failure of the Copenhagen Meet.The boost to Green Investments was mainly provided by China which overtook US to boost investment in Wind Energy and other Green Sectors to a massive $51 billion in 2010.According to Bloomberg,investments in Solar Energy increased to $60 Billion while other sectors like Smart Grid,Green Vehicles,BioFuels etc accounted for the rest.The main contributors to the Green Investments were Wind Energy and Solar Energy.Solar grew by more than 100% in 2010 in volume terms while the decline in Wind Energy Investments in 2010 in the West was made up by a terrific pick up in investments in China.
Asset Financing for utility grade projects accounted for $128 billion while a substantial amount was also raised for Green IPOs notably Enel Green Power,Goldwind,Datang,Longyuan etc.The figure does not include M&A figures not that there were any big bang acquisitions though a number of M&A activities took place in the Smart Grid space.Government individually ramped up the subsidies for Green Industries despite a failure to arrive at a meaningful global agreement to reduce carbon emissions in the Copenhagen Meet.Most of the investments tool place as countries increasingly jockey for the top spot in the emerging Green Industry.Conglomerates like Samsung,GE,Mitsubishi,Siemens have made Green Industry the focus of their management focus and investment leading to the astounding 39% growth.Note Green Advocates have said that $500 billion in annual investments will be required by 2020 to restrict carbon emissions to a tolerable level.
Global investment in low-carbon energy surged to a record $243 billion last year, boosted by a 30 percent spending increase in China and a burst in small-scale solar-power installations.
The figure eclipses the $186.5 billion spent in 2009 and is more than double the level in 2005, Bloomberg New Energy Finance said today in a statement. The investment came even as clean energy shares had a “lackluster performance” last year, the London-based research company said.
Asset financing for utility-scale projects such as wind farms, solar parks and biofuel plants expanded 19 percent last year to $127.8 billion, more than half of expenditure, New Energy Finance said. Enel Green Power SpA’s initial share sale led $17.4 billion of investments from the public markets, while small-scale projects including rooftop solar panels surged 91 percent to $59.6 billion.