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Growing investment in renewable energy

  investment in Renewable Energy across the globe has increased in recent time, moving from $33 billion in 2004 to $211billion as at June, this year.

Renewable energy hits $211b globally The Nation, By Kamarudeen Ogundele, 27 Dec 11 Abuja INVESTMENT portfolio in renewable energy in Africa has hit $3.6 billion with Egypt and Kenya occupying centre stage, the Managing Director of the Bank of Industry (BoI), Ms. Evelyn Oputu, has said.

Oputu, who spoke during the first Renewable Energy Investment Forum in Abuja, stated that investments in renewable energy have a large potential for growth given the large gap between energy demand and supply and the enormous renewable energy options available to the country.
The alternative energy event tagged: Access to Renewable Energy (AtRE), is organised to create a forum to interface investors with project developers in the renewable energy sector……
the BoI and the UNDP are working to feature Nigeria in global
renewable energy investment portfolio through private sector
investment.
Ms. Oputu,said investment in Renewable Energy across the globe has
increased in recent time, moving from $33billion in 2004 to
$211billion as at June, this year.Africa also has its share of the
emerging market, with investment in alternative energy source, growing
from $750million in 2004 to $3.6billion this year.
Oputu, while disclosing that renewable energy sector in the country
would not attain the expected level of growth without active
participation of the Nigerian banks also called on both financial
institution and various renewable energy service providers to work
together.
BoI and UNDP have planned to boost Nigeria investment in renewable
energy through private sector participation.
She called on both the financial institutions and renewable energy
service providers to avail themselves of the opportunity afforded by
this forum to network for the development of the renewable energy
industry in the country.
Delivering a key note address, the UNDP Deputy Director, Nigeria Mr
Jan Thomas Hiemstra, said  having worked with various government
agencies, the attention of the UN agency was to engage private
investors in the country with  to make them take active role in
renewable energy development in the
country.http://www.thenationonlineng.net/2011/index.php/business/31179-renewable-energy-hits-211b-globally.html

December 27, 2011 - Posted by Christina Macpherson | general