Report: Global wind, solar power investments rose 27% in Q3

10/14/2011 | Reuters

Global investments in wind and solar energy jumped to a record $41.8 billion in the third quarter, up 27% from the same period last year, according to a study from Bloomberg New Energy Finance. Financing rose despite slumping energy share prices and the eurozone's economic turmoil, the study showed. "Over the past three years we have seen extraordinary falls in the prices of clean energy equipment. ... However, there is still not enough demand to soak up significant over-supply, so prices and margins have remained under pressure and manufacturers' share prices are being crushed," said BNEF CEO Michael Liebreich in a statement.

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