Tuesday, October 9, 2012

Renewable Energy Investment Falls

According to a new Bloomberg report, third quarter worldwide investment in renewable energy declined by 20 percent from a year ago as wind farm financings dropped and the rate of spending slowed in the U.S. and India  A total of $56.6 billion was invested in clean energy projects in the third quarter, down 5 percent from the second quarter, according to Bloomberg, which said spending in the U.S. was $7.3 billion, down 28 percent from the previous quarter and 62 percent on the same period last year. The authors predicted that overall investment may fall for the first time in eight years when 2012 figures are released as the industry struggles with excess capacity that’s driven down prices for solar panels and wind turbines. Read more

1 comment:

Sabrina Garza said...

That was sad news. But I think that the renewable energy investments will pick up its pace in the market once people, particularly investors, see the advantages. For one, it is more cost-efficient than the traditional source of energy. And most of all, you are doing something for the environment thru your green investment.