A research report released Wednesday shows that the economic downturn as well as by the U.S. and European markets the impact of falling cost of solar power, in 2012 the global renewable energy investment around since the first decline since 2009. According to UNEP and REN21 Renewable Energy Policy Organization released a joint report on renewable energy investment in 2012 declined 12% to $ 244 billion, the highest since 2004 (except 2009) is another annual investment in new high.
United Nations Environment Programme, said: "2012 was mainly due to decline in investment, investors worried that
Europe and other countries to support renewable energy
policy change." Last year, the project open to suppliers, lenders and
equity providers uncertain U.S., UK and Germany and other countries whether it
will continue to provide subsidies for renewable energy. In a recessionary
environment, several European countries were forced to adopt austerity
measures, leading to subsidize solar and wind energy projects being cut.
Due to manufacturing industry chain overcapacity compressed sales prices and profit margins, large-scale solarphotovoltaic system costs have dropped by about 40%. However, last year's total investment in renewable energy is still the second highest in history, about 2004 six times the amount invested. 2012 total investment in renewable energy sources, including venture capital, private equity funds, public markets, asset finance and mergers and acquisitions.
However, smart grid, electric vehicles and energy storage technologies such as smart electricity sector investment is not included.
Investments in developing countries increased to a record $ 112 billion, accounting for 46% of total investment, while investment in developed countries fell 29 percent to $ 132 billion. Growing demand for electricity in emerging markets as well as wind, solar and geothermal energy more favorable conditions and natural resources for the geographical shift.
2012, the total installed capacity of renewable energy increased by 8.5% to 1470GW, which accounted for 39% of the installed capacity of wind power, hydropower and solar photovoltaic http://www.solarpanelcellonline.com followed, each with 26%. Last year, solar photovoltaic power generation installed capacity reached a record 30.5GW, although due to lower costs resulting in a total investment of decline. 2012, wind power capacity is also a record growth from 2011 to 42.1GW to 48.4GW, but because many of these projects is the 2011 financing, completed in 2012, wind power investment decreased by 10%.