Report Says Clean Energy Investments to Fall in 2009

Oct 14 2009 | 9:23am ET

Investments in clean energy worldwide are expected to total $115 billion in 2009, down from $155 billion in 2008, according to a recent report from New Energy Finance.

The third quarter figures released earlier this month by the group also show the U.S. lagging far behind the EU in clean energy investing – of the $19.2 billion in asset financing recorded in Q3 2009, only $1.2 billion came from the United States. The report blames delays in the distribution of U.S. stimulus funds:

“The structure of the U.S. stimulus program effectively brought project finance to a halt in the U.S. as developers waited to ensure they qualified for grants or debt guarantees,” said New Energy CEO Michael Liebreich. “Now that there is an infrastructure in place to disburse funds, we expect investment activity in the U.S. to accelerate as we head into 2010.”

The third quarter saw an increase in cleantech mergers and acquisitions, but overall, says Liebreich, there is too much reliance on “stimulus funds, development banks and state-backed capital providers of various sorts.”


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR