Clean Energy Investment Falls to 2009 Levels
Clean Energy Pipeline (ht Business Green) has released clean energy investment figures for the third quarter of 2012 showing that investment has fallen 28% from Q2 2012, and 52% from this time last year. Investment levels are now as low as the beginning of 2009.
The wind power sector in the US has been particularly badly hit, with investment dropping 62% from the previous three month period, due primarily to the expected expiry of the wind power production tax credit—a policy worth pointing out that Mitt Romney favors, and Barack Obama does not.
Douglas Lloyd of Clean Energy Pipeline attributes the declines in investment to "major policy uncertainty and low natural gas prices in the US, feed-in tariff cuts in Europe and an overall crisis of confidence in the global financial markets."