• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 hours Reality catching up with EV forecasts
  • 7 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 1 day 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 6 days A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 12 days The Federal Reserve and Money...Aspects which are not widely known
Is The The Global Steel Industry In For Another Bumpy Year?

Is The The Global Steel Industry In For Another Bumpy Year?

China’s zero-Covid policy and the…

Iraqi Supreme Court Delivers Blow To Kurdistan Oil Talks

Iraqi Supreme Court Delivers Blow To Kurdistan Oil Talks

The Iraqi Supreme Court delivered…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

U.S. Clean Energy Investment Reached $48 Billion in 2011

According to a report from PEW Environment the United States attracted the most clean energy investment in the world in 2011. The US received $48 billion in venture capital, private equity and R&D money last year; mostly due to the investors trying to take advantage of the stimulus programs before they expired at the end of the year.

The investment was 46 percent larger than in 2010, and helped the construction of 6.7 gigawatts of wind turbines and more than 1 gigawatt of solar installations.

 China attracted the most in 2009 and 2010, but only managed $45.5 billion last year.

ADVERTISEMENT

Phyllis Cuttino, the director of PEW’s Clean Energy Program, said that “in 2011, the global clean energy sector grew again, the U.S. reclaimed its lead as the top destination for private investment, and consumers reaped the rewards of significantly reduced prices for clean energy technologies, such as solar panels, which are now nearly 50 percent cheaper than a year ago.”

The US now boasts 93 gigawatts of renewable energy capacity, second only to China with 133 gigawatts.

ADVERTISEMENT

Ms. Cuttino also added that, “while China's growth may have been flat in 2011, it remains a formidable contender in the global clean energy race – leading the world in production of wind turbines and solar modules. Further, China has maintained strong, national clean energy goals, ensuring strong investment levels for the foreseeable future. The country has deployed an impressive amount of clean generating capacity.”

Following the U.S. and China in clean energy finance and investment are Germany, Italy, the United Kingdom, and India.

Total clean energy finance and investment grew to $263 billion in 2011.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

ADVERTISEMENT


ADVERTISEMENT


Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News