After a sharp rise in 2010, cut in European incentives made new investment in renewable energy drop in 1 quarter of 2011 (1Q2011) to the lowest in a first quarter since 2009, according to the London-based researcher, Bloomberg New Energy Finance. Comparing to the 4Q2010, investments in 1Q2011 fell 34%. Brazil and China are exceptions: new investment in wind power in China rose by a fourth from the same three months of last year to $10 billion, and in Brazil, it doubled to $2.1 billion.
“The first quarter’s investment in wind farms, solar parks and other means of renewable power is the lowest amount since the $20.5 billion spent in the first quarter of 2009.
Money flowing into the industry through asset finance, share sales, venture capital and private equity fell more than a third to $31.1 billion in the first three months of the year from a record $47.1 billion in the fourth quarter of 2010.” Source: Bloomberg 15/04/2011.
Published by Hildete Vodopives
Hildete de Moraes Vodopives is founder of Brazil Global and of the Harvard Strategists Group. She has a PhD in Economic History and advises companies and investment agencies in international business development.She served as Corporate Relations Director and later, on the board of the Brazilian Investment Analysts Association (APIMEC).
View more posts
BRAZILGLOBAL.NET 