Global Clean Energy Investment Steady in Q2: Report
August 18, 2010
New investment in clean energy technologies, companies, and projects was steady in the second quarter (Q2) of 2010, according to a Bloomberg New Energy Finance report. The analysis, released on July 13, show that $33.9 billion flowed into clean energy, led by a "continuing boom" in China and some upward movement from the United States that helped offset a drop in European projects. Overall, Q2 investment fell 1.5% from the first quarter of the year, according to the report.
Asset financing provided the lion's share—$28.9 billion of the $33.9 billion invested in Q2—with China getting $11.5 billion in new asset financing during the quarter. Asset financing in the United States rose from $3.5 billion in the first quarter to $4.9 billion in Q2. And while public stock exchanges did not deliver the results some companies sought, Bloomberg said, Tesla Motors' initial public offering (IPO) in June was an exception. Tesla reported that it priced its IPO on June 28 and closed the offering on July 2, raising approximately $184 million, net of commissions and expenses. Overall, Bloomberg New Energy Finance forecasted 2010 total new clean energy investment at $180-$200 billion. See the Bloomberg New Energy Finance press release and the Tesla press release.