The global clean energy investment in 2017 amounted to 333.5 billion U.S. dollars, an increase of 3% over 2016. This is the year with the second highest investment in clean energy and the cumulative investment since 2010 to 2.5 trillion U.S. dollars.
In 2017, the extraordinary PV installation boom in China (excluding China, Hong Kong, Maucao, and the same below) set a new record for clean energy investment in the country. Under such 'shining' scale of installations, both Australia And Mexico's clean-energy investment surge, or the decline in investment in Japan, the United Kingdom and Germany are some of the 'overshadowed'.
With the world's leading clean energy project and transaction database, Bloomberg New Energy Finance's latest annual data shows that by 2017, the total global investment in renewable energy and energy smart technologies reached 333.5 billion U.S. dollars, up from 324.6 billion U.S. dollars revised in 2016 %, Only 7% difference from the peak of 360.3 billion US dollars in 2015.
Jon Moore, chief executive of Bloomberg New Energy Finance, said: "In recent years, the investment cost of PV as one of the major renewable energy technologies has dropped dramatically. If we take this into consideration, the clean energy of 2017 Investment in fact means larger PV installations, and in particular, the unit cost (per megawatt) of a typical power plant PV system dropped by a quarter in 2017 from two years ago.
In 2017, despite the lower costs, the total global PV investment still reached US $ 160.8 billion, an increase of 18% over 2016. Among them, China's PV investment totaled US $ 86.5 billion, an increase of 58% over 2016, accounting for the global With a total investment of over 50%, China projected a total of 53GW new PV installations in 2017, up from 30GW in 2016.
Justin Wu, president of Bloomberg New Energy Finance Asia Pacific, said: "China's PV installed capacity in 2017 is 20GW higher than our forecast for the first time. There are two main reasons for this: First, despite the growing subsidy burden, the power rationing problem continues to grow, Driven by pressure from regulators in China, which have not strictly limited the size of new targets for ground-based power plants, and almost all developers will get subsidies by default for the next few years.
Second, more and more rooftop PV projects are starting to appear in places like China's industrial parks, which are not subject to government targets, and China's large electricity consumers have already begun installing photovoltaic panels to meet their own electricity needs As the cost of photovoltaics continues to decline, the economics of electricity use are also becoming increasingly prominent, and in theory, self - utility roof photovoltaic for business and industry has become the type of project with the lowest subsidized demand.
Investment in major countries and regions around the world
Overall, China's total investment in various clean energy technologies reached a record 132.6 billion U.S. dollars, up 24% over the previous year.Secondly, despite the Trump administration's relatively negative attitude toward renewable energy, the United States is still a global The second largest clean energy investment country with a total investment of 56.9 billion U.S. dollars, an increase of 1% over 2016.
Australia's clean energy investment is mainly concentrated in large-scale wind power and photovoltaic projects, the total size of a record 9 billion U.S. dollars, up 150% over the previous year; Mexico rose 516% to 6.2 billion .In contrast to this, In 2017, Japan's clean energy investment fell 16% to 23.4 billion U.S. dollars due to changes in policy environment, while Germany dropped 26% to 14.6 billion U.S. dollars while Britain dropped 56% to 10.3 billion U.S. dollars. The total clean energy investment in Europe as a whole is 574 Hundreds of millions of dollars, down 26%.
Other countries that have invested more than $ 1 billion in clean energy in 2017 include:
India: 11 billion U.S. dollars, down 20% from 2016
Brazil: 6.2 billion U.S. dollars, up 10%
France: 5 billion U.S. dollars, up 15%
Sweden: 4 billion U.S. dollars, up 109%
Netherlands: 3.5 billion U.S. dollars, up 30%
Canada: 3.3 billion U.S. dollars, up 45%
South Korea: 2.9 billion U.S. dollars, up 14%
Egypt: 2.6 billion U.S. dollars, up 495%
Italy: 2.5 billion U.S. dollars, up 15%
Turkey: 2.3 billion U.S. dollars, down 8%
UAE: 2.2 billion U.S. dollars, up 23 times
Norway: 2 billion U.S. dollars, down 12%
Argentina: 1.8 billion U.S. dollars, up 777%
Switzerland: 1.7 billion U.S. dollars, down 10%
Chile: 1.5 billion U.S. dollars, up 55%
Austria: 1.2 billion U.S. dollars, up 4%
Spain: 1.1 billion U.S. dollars, up 36%
China Taiwan area: 1 billion US dollars, down 6%
Indonesia: 1 billion U.S. dollars, up 71%
Global investment in major new energy industries
As mentioned above, PV has taken the lead in clean energy investment in 2017, attracting a total of 160.8 billion U.S. dollars, equivalent to 48% of the total global clean energy investment. In 2017, the two largest photovoltaic projects in the world were located in the UAE, The Marubeni JinkoSolar and Adwea Sweihan power plant projects valued at 899 million U.S. dollars and 1.2 GW respectively, and the Sheikh Mohammed Bin Rashid Al Maktoum III project with a valuation of 968 million U.S. dollars and a capacity of 800 MW.
The total investment in global wind power was 107.2 billion U.S. dollars in 2017, the largest clean-energy investment ever made outside of photovoltaics, although wind power's investment in 2017 dropped 12% from 2016, but both onshore and offshore In the field of land, the United States power company said it will invest 2.9 billion U.S. dollars (excluding outgoing line costs) for the 2 GW Oklahoma cathartic project in the United States. In the area of offshore wind power, Ørsted The company said it has finally decided to invest 4.8 billion U.S. dollars in support of the 1.4GW Hornsea II project in the North Sea in the UK In 2017, China had 13 offshore wind power projects with a total capacity of 3.7GW and estimated total investment of 10.8 billion U.S. dollars.
Energy Intelligence is the third-largest clean energy technology in the world attracting investment. In 2017, asset-financing and specialist companies in smart meters and storage sectors recorded record-breaking shareholdings in smart grids, energy efficiency, energy storage and electric vehicles 48.8 billion U.S. dollars, an increase of 7% over the previous year.
In addition, investment in other segments is far behind, with investment in biomass and waste generation technology falling by 36% to $ 4.7 billion in 2017, biofuels falling by 3% to $ 2 billion and small hydropower by 14% To 3.4 billion U.S. dollars, low-carbon services fell 4% to 4.8 billion U.S. dollars, geothermal fell 34% to 1.6 billion U.S. dollars, and marine energy was down 14% to 156 million U.S. dollars.
It is noteworthy that the above clean energy investment data do not include large-scale hydropower projects above 50MW, and in our estimation, the final investment of large hydropower projects in 2017 may reach 40 to 50 billion U.S. dollars.
According to preliminary estimates by Bloomberg New Energy Finance, the clean energy generation capacity to be put into operation in 2017 will be 160GW (excluding large-scale hydropower capacity), including 98GW of photovoltaic capacity, 56GW of wind power, 3GW of biomass and garbage power generation, 2.7GW of small hydropower, 700MW of geothermal energy, Power generation capacity is less than 10MW.
Clean energy investments by transaction type
In terms of specific transaction types, asset financing of power station-level renewable energy projects (projects> 1MW) remains the most important financing route, with a total investment of 216.1 billion U.S. dollars in 2017, up slightly from the previous year Small projects (less than 1 MW, actually small PV systems) attracted $ 49.4 billion, up 15% - thanks in large part to China 's installed capacity growth.
In 2017, professional clean-energy companies raised a total of US $ 8.7 billion in the open market, down 26% from the previous year, of which the largest deals were the $ 978 million convertible bonds issued by electric car maker Tesla, Power generation distribution technology supplier State Power Nanjing Automation Co., Ltd. issued 545 million shares.
In 2017, venture capital and private equity investments in the clean energy sector hit US $ 4.1 billion, down 38% from a year earlier, the lowest level since 2005. Among them, the largest transaction was the acquisition of micro-macro power by China's electric vehicle technology maker A round of financing of 400 million US dollars, and Greenko Energy Holdings of Indian wind project developer received a investment of 155 million US dollars.
Assets financing for energy smart technologies reached US $ 21.6 billion, an increase of 36% over the previous year, largely due to developments in smart meters and energy storage lithium-ion batteries. In 2017, R & D investment in clean energy increased 11% to US $ 22.1 billion While the R & D investment of the government is about 14.5 billion U.S. dollars.
M & A spending
It is noteworthy that these numbers represent new investments in clean energy and Bloomberg New Energy Finance will also track inventories of clean energy as the company begins to acquire and sell clean energy projects and refinance existing project debt Funds transfer situation.
Total global clean energy acquisitions were $ 127.9 billion in 2017, an all-time high of 4% from the previous year, and the acquisition and refinancing of renewable energy projects expanded 14% to a record $ 87.2 billion . Professional clean-energy companies saw a 51% decline in mergers and acquisitions, at just $ 17.5 billion. Public markets withdrew a total of 7.4 billion U.S. dollars, down 8%. Private equity buyouts hit a record high of $ 15.8 billion, up from a year earlier A sixfold increase from 2007. This year's largest acquisition was a $ 4.7 billion takeover by Brookfield Asset Management for a 51% stake in TerraForm Power, a US yieldco-based company.
Abraham Louw, Bloomberg New Energy Finance's Clean Energy Economics Analyst, said: 'It is noteworthy that the global clean energy acquisition has exceeded $ 100 billion a year for the past three years in a row. In fact, there is a growing demand from buyers for generating assets One of the hallmarks of a mature market.