Pew: Solar leads clean energy investments again in 2012, buoyed by third-party financing

The report emphasized the importance of 'third-party' financing mechanisms to support the development of solar PV
The report emphasized the importance of 'third-party' financing mechanisms to support the development of solar PV

Pew Charitable Trusts (Philadelphia, Pennsylvania, US) has released a new report which finds that solar technologies received USD 126 billion in investment in 2012, even as overall clean energy investment fell 11% to USD 269 billion.

This is the second year in a row that solar has received more investment than any other renewable energy technology. “Who's Winning the Clean Energy Race? 2012 Edition” also emphasized the importance of innovative financing for the small-scale solar photovoltaic (PV) market.

“Financial innovations helped spur small-distributed capacity investment in several key markets,” reads the report's introduction. “In the United States, for example, this sector advanced through development of 'third-party financing' mechanisms, which now account for more than 50 percent of the residential and commercial market for rooftop solar installations.”

 

Distributed solar falls 1.6% to USD 72.8 billion

Pew calculates that small-distributed capacity investment in PV projects smaller than 1 MW decreased 1.6% in 2012 to USD 72.8 billion, one of the smallest declines of any category.

 

China leads clean energy investment

The report identifies China, Europe and the United States as the leading destinations for solar investment, despite overall US clean energy investment declining by more than one-third.

China attracted USD 65.1 billion in overall clean energy investment, a 20% increase over 2011 and 30% of the total invested in G-20 nations.

 

 

 

2013-04-19 | Courtesy: Pew Charitable Trusts; Image: Sunrun | solarserver.com © Heindl Server GmbH

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