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Renewable energy investment climbing in UK

Renewable energy investment bounces back after 2010 slump UK came 7th in global ranking for investment in clean energy last year, spending $9.4bn – up from $3.3bn in 2010, Madeleine Cuff guardian.co.uk,  11 April 2012 Investment in clean energy in the UK bounced back last year after its 2010 slump, the respected US-based Pew charitable trust has said in a comparison of investment across G20 countries.  A total of $9.4bn was invested in wind, wave, solar and other renewable sources of power compared to $3.3bn in 2010 – a leap of 185%.

The UK came seventh in the global ranking for total investment in the Clean Energy Race 2011 report, below the United States, China, Italy and Germany. In 2010 the UK fell from 3rd to 13th in the world ranking, as investment plummeted from a high of over $11bn in 2009. The reduction was attributed to “uncertainty surrounding the policy perspective of a new government,” according to the 2010 report from Pew…..

Global investment in clean energy rose in 2011 by 6.5% to $263bn, fuelled by rising demand for solar panels, which are becoming ever cheaper to make and install. America is currently top of the clean energy table, but Italy and India saw large increases on their 2010 investment levels. The figures, based on Bloomberg New Energy Finance data released in a less granular form in January, also include finance for improving energy efficiency and research into low carbon technology.

Over half of Britain’s renewable energy comes from wind, and there is growing interest in the development of offshore windfarms. An extra $2.3bn of investment was ploughed into the UK wind sector this year….. http://www.guardian.co.uk/environment/2012/apr/11/renewable-energy-investment-bounces-back

April 12, 2012 - Posted by Christina Macpherson | renewable, UK