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2014 A leap ahead for renewable energy businesses?

Clean energy: Is a boom coming in 2014?, Christian Science Monitor, 16 April 14 Clean energy is off to a strong start in 2014, with global investment rising as prices for wind and solar power continue to drop. Renewables still hold a small share of total energy mixes, but clean-energy growth is picking up momentum.

By David J. Unger, Staff writer / April 16, 2014 he first quarter of 2014 may ease any worries about clean energy’s future. After two years of annual declines, investments in clean energy worldwide jumped 9 percent year-over-year in the first quarter of 2014, according to data released Wednesday by Bloomberg New Energy Finance (BNEF), a London-based energy analysis firm. Solar power led the way with a 23 percent increase, more than offsetting a 16 percent decline in wind power. All told, investors spent $47.7 billion on renewables and energy efficiency in the first three months of this year.

Global investment in renewable energy is up, technology costs continue to drop precipitously, and markets are expanding into emerging economies in Asia, the Middle East, and Africa. The industry still has a long way to go, and many say a shift to cleaner energy is happening too slowly to offset the downsides of carbon-heavy fuels. Even so, the broad, global outlook for renewables is bright, and deployment of the technology verges on rapid acceleration.

It is too early to say definitively that 2013 was the low point for clean energy investment worldwide and that 2014 will show a rebound, but the first-quarter numbers are encouraging,” Michael Liebreich, chairman of the advisory board for Bloomberg New Energy Finance, said in a statement Wednesday.

The bulk of the gains came in the form of small-scale solar installations, like residential rooftop solar panels. It suggests that falling prices and new financing options are quickly eroding the barriers to entry that long discouraged consumers from home solar. The cost of a rooftop solar array has dropped from nearly $7 per watt in 2008 to $4 or less in 2013, according to an April report by McKinsey & Company, a global consulting firm.

Clean-energy growth isn’t limited to the world’s developed economies. Brazil saw the biggest investment gain, jumping 211 percent year-over-year to $1.3 billion in the first quarter of 2014, according to BNEF. Investment grew 82 percent to $2.4 billion in the Middle East and Africa.

“In Q1, we saw two of the top four asset finance deals happening in Indonesia and Kenya,” Mr. Liebreich said in a statement……..http://www.csmonitor.com/Environment/Energy-Voices/2014/0416/Clean-energy-Is-a-boom-coming-in-2014

April 18, 2014 - Posted by Christina Macpherson | 2 WORLD, renewable