Tag Archive | "Investments"

Clean energy investment falls

Global investment in clean energy was US$45.9billion in the third quarter of 2013, down 14% on the second quarter of this year and 20% below the number for Q3 2012, according to Bloomberg New Energy Finance.

This suggests that investment in technologies such as smart grid, efficiency, storage and electric vehicles will end this year below 2012′s US$281 billion. This total was in turn11% down from the record established in 2011.

The third quarter data showed weakness almost across the board, with investment in China, the US and Europe all down on the equivalent period of 2012. The only region to show a rise in activity on both the quarter and the year was the Americas outside the US and Brazil, due to firm figures from Canada, Chile and Uruguay.

However, the installation of solar photovoltaic power capacity worldwide is set to hit a new record in 2013 at 36.7GW.

“After the slightly more promising second quarter, we now have a very disappointing third quarter figure for investment,” said Michael Liebreich, chief executive of Bloomberg New Energy Finance. “US$45.9 billion is still a substantial amount of money, greater than that invested in the whole of 2004, but the loss of momentum since 2011 is worrying.

“The latest setback reflects policy uncertainty in Europe, the lure of cheap gas in the US, a levelling-off in wind and solar investment in China, and a general weakening of political will in major economies. Governments accept that the world has a major problem with climate change but, for the moment, appear too engrossed in short-term domestic issues to take the decisive action needed.”

Among the major countries, the US saw its total fall to US$5.5 billion in Q3 from US$9.4 billion in Q2, China was down at US$13 billion from US$13.8 billion, India was at US$1.2 billion from US$1.5 billion, and Japan US$7.3 billion from US$7.4 billion. Brazil showed a modest rise, from US$950 million to US$1.1 billion.

In Europe, German investment was US$1.6 billion, down from US$1.7 billion in Q2 and far below the quarterly figures seen in recent years. France saw a fall from US$1.2 billion in Q2 to US$727 million in Q3, Italy a rebound to US$1.3 billion from US$1.2 billion, and the UK a somewhat rally from US$1.6 billion to US$2.6 billion.

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$200bn to be pumped in MENA power sector by 2020

Consumption of electricity in the MENA region is said to grow at a faster pace over the next decade, with investments worth more than $200 billion set to be pumped into the region’s power sector by 2020, according to a report.

The MENA Power 2013 report published by MEED Insight earlier this year, said that demand for electricity has grown so rapidly in the region, that in many instances utilities have struggled to keep up, resulting in investments worth billions of dollars in new power plants.

The report added that more than $100bn of investment is required by 2020 to meet the additional capacity with the same amount to be invested in the transmission and distribution sectors – representing a lucrative growth opportunity for anyone working in the power market.

This will come as good news to more than 1,200 exhibitors from 100 countries around the world that will participate in the 39th edition of Middle East Electricity, one of the world’s largest energy events focussing on the power, lighting, renewable and nuclear sectors.

Held under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai , Middle East Electricity will take place from 11-13 February 2014 at the Dubai International Convention and Exhibition Centre.


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Sun Driven Economy

From 15 January to 17 January Abu Dhabi will hold new exhibition features aimed to support growth of the renewable energy industry at the World Future Energy Summit (WFES).

Due to the continuous high rise of global energy demands, the sustainable energy industry is rapidly emerging as an economic powerhouse.

The growth of the sustainable energy industry depends on solar, wind, geothermal and hydropower, as well as domestic sustainability and green jobs, which all play a major role in the sector’s rapid expansion.

During the World Future Energy Summit (WFES), the Renewables 2012 Global Status Report, (REN21) will be launched. The summit highlights more than US$257 billion worth of investments in renewable energy in 2011. 200 million homes worldwide now collect solar hot water, and an estimated five million jobs have been created globally in renewable energy industries.

Hosted by Masdar, the multi-faceted renewable energy company, the WFES 2013 will make these significant numbers the new exhibition features at the event.

“With the World Future Energy Summit confirming its position as the world’s foremost event for the sustainability sector, we want to keep adding more value for the 30,000 people expected to attend. We also want to keep up with the current trends in the renewable energy industries, and support the sector as it becomes more important to the global economy,” said Naji El Haddad, Show Director for WFES 2013.

WFES 2013 will introduce the Sustainable Living Area, incorporating the WFES Eco-Home approved by Estidama and the energy efficiency pavilion. The WFES Eco-Home is life size home that characterises green and eco-friendly elements that comply with the Estidama Pearl Rating System.

Another feature will be the Technology Exchange Platform (TXP) which will be showcased for the first time. TXP allows businesses to present and discuss their latest updates on products, services and solutions in renewable and sustainable energy technologies to a global audience.

Along with its many features, the WFES2013 also vows to be the core for renewable energy professionals who have an interest in future or expansion of career opportunities as well as for companies looking for skilled staff and graduates.

“For the first time, we are featuring a Green Jobs Fair, in collaboration with Masdar Institute, which will offer invaluable networking opportunities to connect renewable energy employers and experienced people working in the sector,” said Mr. El Haddad. “The Green Ideas Fair and the Food-Energy-Water Nexus Exhibition and Gallery are other exhibition features making their debut at WFES 2013, so we are really focusing on supporting the sector’s growth as renewable energy becomes a powerful and global mainstream industry. In addition to these new features, the Project and Finance Village first introduced in 2011 will return with more investors, more financiers and 40 projects, worth over US$8 billion, looking for funding and technologies.”

The WFES will be the focus point of Abu Dhabi Sustainability Week (ADSW) and will be located with the inaugural International Water Summit, also hosted by Masdar. The biennial International Renewable Energy Conference in Abu Dhabi (ADIREC) will also be present and hosted by the WFES.

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Current Issue October 2013