in News Departments > New & Noteworthy
print the content item

The U.S. clean energy sector continues to be buffeted by policy uncertainty, with 2013 investment down 9% from 2012 to $36.7 billion, according to a new report from The Pew Charitable Trusts. The report finds that steep declines in the installation of wind overshadowed a record annual deployment of 4.4 GW of solar.

"Lower technology prices have made the small-distributed solar market very competitive, and the United States has been a leader in developing innovative financing models that are spurring steadily increasing deployment," says Phyllis Cuttino, director of Pew's clean energy program. "We also remain a world leader in venture capital, biofuels and energy-smart technologies, like smart meters and LED lighting. Wind, however, has been subject to the vagaries of U.S. energy policy.”

Although wind investment was relatively stable at $14 billion, Pew says U.S. wind installations in 2013 were down more than 90% - from more than 13 GW in 2012 to less than 1 GW last year. When the production tax credit was renewed in early 2013, slight changes in the law precipitated deferrals in deployment of new wind capacity into 2014, when a strong rebound in capacity additions was forecast. By comparison, the report says China deployed 12.1 GW of solar and 14.1 GW of wind capacity.

Meanwhile, the report says solar technology prices in the U.S. marketplace have declined 60% since 2011, and new financing models have spurred more than $17 billion in investment, a 7% increase from 2012. The U.S. continued to garner financing in the biofuels and energy efficient/low-carbon technology subsectors. It also remained the dominant recipient of public market and venture capital/private equity investment, attracting $6.8 billion and $2.2 billion, respectively.

According to the report, China remained the leading regional and global market, attracting $54.2 billion, with the U.S. in second place. Japan was third, with $28.6 billion. Globally, clean energy investment fell 11%, to $254 billion, and renewable power generating capacity additions declined by 1% in 2013. Overall, installed clean energy capacity reached 735 GW.



Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Renewable NRG_id1934
Canwea_id1984
Tower Conference_id1965