BNEF Correction Strengthens Q2’15 Clean Energy Investment Figures

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Bloomberg New Energy Finance has released a correction to its Q2’15 clean energy investment figures, which strengthened the numbers significantly from $53 billion to $73.5 billion.

Last week Bloomberg New Energy Finance (BNEF) released its clean energy investment figures for the second quarter of 2015. The numbers were significantly sluggish compared to 2014:

2014 was a big year for clean energy investment, but that trend has certainly not continued through to 2015. Investment numbers for Q1 were revised to stand at $54.4 billion, dropping a little bit further to Q2’s $53 billion mark, which itself was a catastrophic 28% down compared to the $73.6 billion recorded in Q2’2014.

“The first two quarters of 2015, taken together, have seen investment down 18% compared to the first half of last year,” said Michael Liebreich, chairman of the advisory board at Bloomberg New Energy Finance. “It is possible that the Q1 and Q2 2015 figures will be revised up a bit in due course as some more deals are disclosed, but we have been predicting since January that this year would see lower investment than 2014 because of the strong dollar.”

However, in a press release published Friday, BNEF had to revise its figures due to “errors in the aggregating of project and deal-level data.”

Subsequently, Bloomberg figures reveal that the second quarter was much stronger than previously thought, up to $73.5 billion from their previously announced $53 billion. This means that Q2 investments were only 0.2% down on the same quarter a year earlier, and takes the first half of 2015’s clean energy investment figures up to $127.9 billion, only 3% down on the first half of 2014.

Bloomberg released a list of key features highlighted in the second quarter of 2015:

  • Investment in China was $27.9bn, up 15% on the same quarter a year earlier.
  • The US invested $12.2bn, up 3% on Q2 2014.
  • Europe invested $12.7bn, down 23%.
  • India invested $2.2bn, up 75% on the same quarter last year.
  • Brazil invested $1bn, down 50%.
  • The Americas excluding the US invested $3.7bn, down 3% on Q2 2014.
  • Asia-Oceania excluding India and China invested $12.5bn, up 8%. Of this, Japan saw investment of $8.3bn, down 8% on the equivalent quarter last year.
  • Of the different technologies, solar enjoyed the highest investment, at $41.9bn in Q2 2015, up 23% on the second quarter of 2014.
  • Wind saw investment of $27.8bn, down 13%.
  • Among categories of investment, asset finance of utility-scale renewable energy projects totaled $49.5bn, down 5% on Q2 2014.
  • Small-scale solar projects saw investment of $20.4bn in Q2 2015, up 29% on a year earlier.
  • Venture capital and private equity investment was $871m, down 38% on the same quarter last year.
  • Public markets investment in clean energy was $4.5bn, down 9% on the equivalent quarter.

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Joshua S Hill

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.

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