Correction To Q2 2015 Clean Energy Investments Figures

Bloomberg New Energy Finance has announced that it has been  correcting the second quarter 2015 clean energy investment data that it released on Friday, 10th July, 2015. This reflects the discovery of errors in the aggregation of project and deal-level data.

The corrected figures show that global investment in clean energy was $73.5bn in the second quarter of 2015, substantially higher than reported on Friday. This number is 0.2% downon the equivalent quarter of 2014, and takes the total for the first half of 2015 to $127.9bn, down just 3% on H1 2014.

Looking at the second quarter of 2015 specifically compared to Q2 2014, the following were key features:

• Investment in China was $27.9bn, up 15% on the same quarter a year earlier.
• The US invested $12.2bn, up 3% on Q2 2014.
• Europe invested $12.7bn, down 23%.
• India invested $2.2bn, up 75% on the same quarter last year.
• Brazil invested $1bn, down 50%.
• The Americas excluding the US invested $3.7bn, down 3% on Q2 2014.
• Asia-Oceania excluding India and China invested $12.5bn, up 8%. Of this, Japan saw investment of $8.3bn, down 8% on the equivalent quarter last year.
• Of the different technologies, solar enjoyed the highest investment, at $41.9bn in Q2 2015, up 23% on the second quarter of 2014.
• Wind saw investment of $27.8bn, down 13%.
• Among categories of investment, asset finance of utility-scale renewable energy projects totalled $49.5bn, down 5% on Q2 2014.
• Small-scale solar projects saw investment of $20.4bn in Q2 2015, up 29% on a year earlier.
• Venture capital and private equity investment was $871m, down 38% on the same quarter last year.
• Public markets investment in clean energy was $4.5bn, down 9% on the equivalent quarter.

Bloomberg New Energy Finance apologises for the error, and is tightening up the process for future quarterly data releases.

On 10th July,2015 Bloomberg New Energy Finance made revisions to prior-year investment totals, to reflect new information. These revised numbers were not affected by the problems with the Q2 data. To recap, the revisions show that global clean energy investment in 2014 was $321.8bn, up from $269.5bn in 2013, $297.7bn in 2012 and $321bn in 2011. The revised figure for 2014 is 5.3 times the total of $60.2bn recorded 10 years earlier, in 2004.