Global Clean Energy Investments Up

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June 11, 2009

In January I helped conduct a solar overview seminar at a major renewables conference in Las Vegas. Leaders of the major solar, wind and other clean tech sector associations there forecast a return to financing and deal flow in the 3rd Quarter of this year. Those predictions appear to be coming to pass. This means GhG reduction (one hopes), green job creation, and innovation are on the rise.
Other green sector buzz that has been swirling around the sector is now backed up by the report, below, released by New Energy Finance.
If ever there was a time to get fully prepared to participate in the Green Revolution 2.0, the time is now. I am hearing from California Solar experts that new companies have entered the solar space and are hiring both technical and non-technical staff as they ramp up towards installation and retrofit deals and projects.

Source: EERE Department of Energy (DOE)

After a difficult first quarter, new worldwide investments in clean energy are now gaining momentum, according to analysts at New Energy Finance. Clean energy investments in the first quarter of 2009 were down 44% from the fourth quarter of 2008 and down 53% from the investment peak in the first quarter of 2008, according to the market research firm. But even though there are several weeks left in the second quarter, clean energy investments are already surpassing the first-quarter investments by more than a third. New Energy Finance notes that public market investments have rallied sharply, while bankers active in the clean energy sector are optimistic about a gradual improvement in the availability of project financing as the year progresses. The gradual injection of worldwide "green stimulus" funds, including funds from the American Reinvestment and Recovery Act, are also expected to assist the recovery... Read more at headline.