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Investments in clean energy are on the increase in most countries as an important source of energy supply. Investments in renewable energy grew from USD 52 billion in 2004 to USD 243 billion in 2010. Senior Analysts from Bloomberg’s New Energy Finance (BNEF), an independent provider of energy research, presented their findings to staff at the World Bank at a session organized by ESMAP in Washington DC on April 12.

Clean energy trends and analyses of renewable energy investments across the world were presented with emphasis on China, India, and Latin America. Bloomberg’s Energy Analysts noted that wind power dominated investments in new clean energy in many countries.

The team forecasts that China would install at least 15–18 gigawatts of wind energy per year after 2013, beating targets set by China’s government in its 12th Five-Year Plan (2011–15), where it plans to develop at least 12 gigawatts of wind power per year by 2015. Collectively, clean energy investment in wind, solar, biomass and waste, and smart energy technologies rose from USD 1.5 billion to USD 53.5 billion in six years. China’s domestic PV market is also expected to experience a significant take off after 2015.

India‘s wind power sector is also registering high growth in investments followed by solar and biomass.  Similarly, Latin America saw a marked increase in clean energy investments – mostly, wind, biofuels, biomass and waste, and small hydro, rising from USD 0.5 billion to nearly USD 14 billion between 2004 and 2010. Brazil recorded the highest investments in clean energy, followed by Mexico, Chile, Argentina, and Peru.

ESMAP is a global program for analytical and advisory activities, supported by the Governments of Australia, Austria, Denmark, Finland, Germany, Iceland, Lithuania, Netherlands, Norway and the United Kingdom. ESMAP's renewable energy program is assisting countries develop clean and reliable solar, geothermal, wind, and small hydroelectric power plants across the world.

Bloomberg New Energy Finance  is an independent provider of research to decision-makers in renewable energy, energy efficiency, bioenergy, carbon capture and storage, nuclear power, and the carbon markets.

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