Worldwide clean energy investments 2017 by country: BNEF

Renewable-Energy

In India, clean energy investments were down by 20 percent to $11 billion, compared to 2016, says the new research from Bloomberg New Energy Finance (BNEF).

India staggered when global investment in renewable energy and energy-smart technologies reached $333.5 billion last year, up 3 percent from a revised $324.6 billion in 2016.

Overall, Chinese investment in all the clean energy technologies was $132.6 billion, up 24 percent setting a new record. The next biggest investing country was the U.S., at $56.9 billion, up 1 percent on 2016 despite the less friendly tone towards renewables adopted by the Trump administration.

Solar investment globally amounted to $160.8 billion in 2017, up 18 percent on the previous year despite these cost reductions. Just over half of that world total, or $86.5 billion, was spent in China.

Large wind and solar project financings pushed Australia up 150 percent to a record $9 billion, and Mexico up 516 percent to $6.2 billion.

On the downside, Japan saw investment decline by 16 percent in 2017, to $23.4 billion, while Germany slipped 26 percent to $14.6 billion and the U.K. 56 percent to $10.3 billion in the face of changes in policy support. Europe as a whole invested $57.4 billion, down 26 percent year-on-year.

Below are the 2017 totals for other countries investing $1 billion-plus in clean energy:

  • Brazil $6.2 billion, up 10 percent
  • France $5 billion, up 15 percent
  • Sweden $4 billion, up 109 percent
  • Netherlands $3.5 billion, up 30 percent
  • Canada $3.3 billion, up 45 percent
  • South Korea $2.9 billion, up 14 percent
  • Egypt $2.6 billion, up 495 percent
  • Italy $2.5 billion, up 15 percent
  • Turkey $2.3 billion, down 8 percent
  • United Arab Emirates $2.2 billion, up 23-fold
  • Norway $2 billion, down 12 percent
  • Argentina $1.8 billion, up 777 percent
  • Switzerland $1.7 billion, down 10 percent
  • Chile $1.5 billion, up 55 percent
  • Austria $1.2 billion, up 4 percent
  • Spain $1.1 billion, up 36 percent
  • Taiwan $1 billion, down 6 percent
  • Indonesia $1 billion, up 71 percent

Source: BNEF

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