Global Clean Energy Spending Rebounds in Second Quarter of 2012

July 18, 2012

Global clean energy investments increased 24% in the second quarter of 2012 compared to the first quarter, with new investment totaling $59.6 billion, according to Bloomberg New Energy Finance. The amount was still 18% below the near-record quarterly figure of $72.5 billion in the second quarter last year.

The United States enjoyed solid gains in investment in the second quarter of 18% over the first quarter, reaching $10.2 billion, the report said. China surged 92% in investment to $18.3 billion in the April-to-June period. Overall, solar accounted for $33.6 billion of investment in the second quarter, up 19% over the first quarter, and wind had $21.6 billion, up 47% quarter to quarter. The largest venture capital and private equity deals of the quarter saw U.S. automaker Fisker clinch $148 million for its plug-in hybrid vehicle development. The figures draw on a comprehensive database of transactions in clean energy worldwide. See the Bloomberg New Energy Finance press release.