According to recent BloombergNEF data (BNEF) rose 1 percent from $280.2 billion in 2018, worldwide investment in renewable energy resources was $282.2 billion last year.
Even if China, the largest market in the world, is slipping back, it still leads the U.S.
BNEF reports that the first few months of 2019 were subdued and rates increased in the second half of the year, with considerable rises in investment in China and Europe, including the U.S. Onshore and, in particular, offshore wind.
In 2019, total investment in renewable energy capacity saw solar wind beat at $138.2 trillion globally, up 6 percent. Solar had dropped by 3 percent low, at $131.1 billion.
While China remained the largest renewable energy investor at 83.4 billion dollars in 2016, it slowed 8% down in 2018 – the lowest figure since 2013. Solar has fallen by 33%, but it is up 10% to $55 billion in offshore.
In the United States, the second-largest renewable-energy investor, with a total annual turnover of $55.5bn and an average of 28 percent, was eased in 2020 due to the federal tax credit rush from wind and solar developers.
DISTRIBUTECH 2020, 28-30 January in San Antonio Texas, focuses on the transition to electricity in the USA.
“It’s amazing that the US clean energy investments set new records by the country miles this third year of the Trump presidency, which didn’t particularly favor renewables,” Ethan Zindler, BNEF Head of America, reported that Trump’s second-highest investment year ($45.7 billion) came in its first year, 2017. “It is a great success. “Such innovations are more cost-effective than ever, which made the market especially busy in 2019 due to the fact that the tax credit has fallen in line.”
Behind the US was Europe, an investment of $54.3 billion for renewables, despite a 7% decline since 2018. With a figure of $8.4 billion, Spain led the way in 2018, up 25 percent and the highest annual figure since 2011.
The Kingdom $5.3 billion was invested, down shockingly 40%, the lowest level of investments in over a decade, while Germany was a bit better.
The number of investments in Sweden decreased by 19%, with $3.7 billion, and the Netherlands grew to $5.5 million, with renewable energy resources in France growing by 3 percent, to $4.4 billion.
Investments in renewables rose by 56% $3.4 billion in 2019–Ukraine’s biggest sustainability champion.