Global trends in renewable energy investment 2019
A report on global trends in renewable energy investments 2019 has been released by the Frankfurt School and UNEP Collaborating Centre for Climate & Sustainable Energy Finance.
The report shows that in 2018 Europe reports overall 45% growth in capacity investment as compared to 2017, especially in sectors such as biomass & waste (175%), solar (87%), and wind (26%).
Among the countries in the Baltic Sea Region, Germany’s capacity investment has been the highest, with $6.3 billion in 2018, however decreased by 52% as compared to 2017, and the lowest since 2004. Sweden increased its capacity investment 122% in 2018, reaching $4.5 billion, especially by attracting large onshore wind projects.
Ukraine and Russia saw significant projects financed in 2018, particularly in non-hydro renewables. Both countries marked a record: Russian capacity investment increased 371% to $1.9 billion, Ukrainian jumped 539% to $2.1 billion. In particular, Russia hosted financing of three offshore wind farms each of about 200MW and with estimated capital costs of more than $300 million.
Also the other Nordic countries increased their capacity investment in 2018: Finland by 193% ($1 million) Denmark by 69% ($1.7 million), Norway by 15% ($1.1).
To read the full report, follow the link Global trends in renewable energy investment 2019