Renewable Energy Investment Hits Record-Breaking $358 Billion in 1H 2023

Sat, 7 Oct 2023 19:49:19 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://about.bnef.com/blog/renewable-energy-investment-hits-record-breaking-358-billion-in-1h-2023/>

"Global new investment in renewable energy skyrocketed to $358 billion in the
first six months of 2023, a 22% rise compared to the start of last year and an
all-time high for any six-month period. This is based on the latest investment
data from BloombergNEF’s 2H 2023 Renewable Energy Investment Tracker report,
published on August 21, 2023.

Of this total, $335 billion was for project deployment through both asset
finance and small-scale solar. This was 14% greater than in the first six
months of 2022 and reflects the continuing acceleration of the energy
transition as renewable energy scales up.

Renewable energy companies have also had success this year raising equity to
support their growth and expansion. Venture capital and private equity
expansion commitments to renewable energy companies reached $10.4 billion in 1H
2023, up 25% from 1H 2022. New equity raised on the public markets totaled
$12.7 billion during the first six months of the year, up 25% from 1H 2022.

China was again the largest market in 1H 2023, with $177 billion of new
investments, up 16% from 1H 2022. The US secured $36 billion, while Germany
drew $11.9 billion."

Via Future Crunch:
<https://futurecrunch.com/good-news-school-meals-transit-us-ecuador-conservation/>

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

Comment via email

Home E-Mail Sponsors Index Search About Us