in News Departments > New & Noteworthy
print the content item

Clean energy financing by the world's development banks increased 19% last year to $109 billion - breaking through the $100 billion-a-year barrier for the first time, according to new research from Bloomberg New Energy Finance (BNEF).

The top three banks were Germany's KfW, China Development Bank and the Brazilian Development Bank. BNEF says that clean energy financing by development banks has grown at a compound rate of 25% per annum over the last five years. This trend is expected to continue, especially as the larger development banks such as the European Investment Bank and World Bank are scaling down their investments in coal projects, which should leave more of their finite capital available for clean energy projects.

“This year, we expect at least another 15 percent growth in development bank financing,” comments Abraham Louw, clean energy analyst at BNEF. “There is potential for an even bigger increase in the longer term if other institutions - such as a possible BASIC-country development bank - become active.”




Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015