Private investment in the Americas region jumps 21 percent
led by United States, Brazil and Canada
WASHINGTON (April 11, 2012) - Global clean
energy finance and investment grew to $263 billion in 2011, a 6.5
percent increase over the previous year with the Americas region
registering a 21 percent increase in clean energy investment for a
total $63.1 billion, according to new research released by
The Pew Charitable Trusts.
Investment in the region was led by the United States, which
experienced a 42 percent increase, followed by Brazil with 15
percent and Canada with a 4 percent increase.
"Clean energy investment, excluding
research and development, has grown by 600 percent since 2004, on
the basis of effective national policies that create market
certainty," said Phyllis Cuttino, director of Pew's Clean Energy
"This increase in investment is significant because it drives
innovation, commercialization, manufacturing and installation of
clean energy technologies that create new opportunities for
innovators, entrepreneurs and workers alike."
Among renewable technologies, investment in solar increased by
44 percent, attracting $128 billion and accounting for more than
half of all clean energy investment in G-20 countries. Dramatic
price declines, with the cost of solar modules dropping by half in
the past 12 months, fueled the activity. Wind prices also declined
Last year, almost 30 GW of new solar and 43 GW of wind power was
deployed globally. The combination of falling prices and growing
investments accelerated installation of clean energy generating
capacity by a record 83.5 GW in 2011 bringing the total to 565 GW
globally. This represents nearly 50 percent more than installed
nuclear power capacity worldwide by the end of the year.
"The clean energy sector received its trillionth dollar of
private investment just before the end of 2011, demonstrating
significant growth over the past eight years." Michael Liebreich,
CEO of Bloomberg New Energy Finance, Pew's research
Key findings of the Americas region include:"Solar installations
drove most of the activity last year as the falling price of
photovoltaic modules, now 75 percent lower than three years ago,
more than compensated for weakening clean energy support mechanisms
in a number of parts of the world."
The United States reclaimed G-20 leadership for
overall clean energy investments, which grew to $48 billion. The 42
percent increase was due in part to investors taking advantage of
economic stimulus programs that expired at the end of 2011. The
production tax credit concludes at the end of this year.
Ranking 10th in the G-20, clean energy
investment in Brazil increased by 15 percent to $8
billion, but failed to keep pace with other growth markets. There
is unmistakable progress in the Brazilian clean energy sector,
which has recorded the third fastest installed capacity growth over
the past five years. Brazil surpassed 1 GW of installed wind
capacity in 2011, and the sector is primed to expand in the coming
Canada ranked 11th among the G-20 nations
for clean energy investment but sixth in investment intensity and
seventh in five-year investment growth.
In 2011, just over half of the investments in Canada were
directed to wind resources ($2.8 billion), enabling addition of 1.3
GW of wind generating capacity.
Investments in the G-20 countries accounted for more than 95
percent of the global total. Amounts are listed in U.S.
With underlying data compiled by Bloomberg New Energy
Finance, Who's Winning the Clean Energy Race? 2011 Edition
examines how nations are faring in the increasingly stiff
competition for private investment among the world's leading
Read the entire report, including country profiles and
graphics, at www.PewTrusts.org/CleanEnergy