Traditional regional banks tend to be skeptical about clean energy projects, which are framed as risky investments that may not yield solid returns. As a result, many banks have little experience with loans for clean energy or efficiency measures. Larger banks with more resources also resist homeowner and small business … [continued]
Total global energy investment fell by 2% in 2017, totaling $1.8 billion according to the International Energy Agency’s World Energy Investment 2018 report which was published this week, which also showed $750 billion was spent on the electricity sector, compared to only $715 billion on oil & gas supply, while investment in renewables and energy efficiency fell by 3%.
Bloomberg New Energy Finance has published its latest clean energy investment figures for the first six months of 2018 which reached $138.2 billion, down only 1% on the same six months a year earlier in 2017, while investment in the second quarter actually increased compared to a year earlier.
Multinational banking giant JPMorgan Chase has announced it is committing to sourcing 100% of its energy needs from renewable energy by 2020 and a promise to facilitate $200 billion in clean financing through 2025.
The National Renewable Energy Laboratory (NREL) recently took an important look at what the end of the 1603 grant program for renewable energy means for developers in the industry. Here’s a summary of that: Certain Types of Projects May Find It Harder to Attract Tax Equity Investors The expiration … [continued]
