17 Jan 2018

German new clean energy investment lowest since 2004

Bloomberg New Energy Finance

Germany invested 14.6 billion US dollars in clean energy in 2017, a decrease of 26 percent compared to the previous year, and the lowest since 2004, says Bloomberg New Energy Finance (BNEF) in its 2017 report on global investment in renewable energies. New investment in the wind sector fell by about 40 percent to 7.9 billion US dollars, compared to 2016, and new investment in the solar sector stayed level at about 2 billion US dollars, according to data BNEF provided to the Clean Energy Wire. Investment in smart technologies – such as smart grids, power storage, and fuel cells – stood at 4 billion US dollars. The data provided by BNEF do not indicate whether newly installed renewable energy capacity also decreased in 2017 as prices fell significantly.

Find the press release and report (behind paywall) in English here.

For background, read the CLEW dossier The energy transition's effect on jobs and business.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.

German new clean energy investment lowest since 2004

Pro-business FDP upsets coalition partners with demands including end of renewables support

German solar industry warns “last chance” for sector’s renaissance could be missed

Skills shortage threatens transformation to a sustainable industry – engineers' association

Fears of job cuts at Berlin's Tesla factory after carmaker announces global workforce reduction

Renewables capacity in new electricity power purchase agreements quadruples in Germany