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Home / Solar Power / €6 billion euros fewer bought 1.2GW more wind power

One of the big indicators we use to determine if we’re on track building out our new clean energy infrastructure is how much money we’re spending. $1 trillion a year is a number often suggested as what is needed to be hit. However, if you check out the tweet below – you’ll notice that the total amount of money invested in renewables is starting to flatline, while the total capacity is growing consistently.

The overall point – we’re getting more kWhs for our buck, and in the end that’s what going to save us.

SOURCEEurope invested a total of €51.2bn in wind energy in 2017.  The development of new farms accounted for €22.3bn of this. The rest of the investment went on the refinancing of existing wind farms, the acquisition of projects and of companies involved in wind and on public market fundraising. The total investment figure was 9% up on 2016. A healthy pipeline of projects is diversifying the pool of investors: 82 lenders were active in 2017, including multilateral financial institutions. Green bonds raised €17.5bn in 2017, the highest rate of issuance in the last five years. €8.5bn were in corporate renewables portfolios, €7bn in wind energy and €1.9bn in transmission lines.

By John Fitzgerald Weaver

John Fitzgerald Weaver is a solar developer; known digitally as the 'Commercial Solar Guy.' As a project developer and installer, he’s sold and managed 50+ solar projects, valued over $25 million, ranging in size from 5kW to 1500kW. He’s been involved in many aspects of the solar supply chain –- as a company founder, developer, project manager, manufacturer, permit runner, salesman, contractor and financier. In his free time he tries to get away and clear his mind by climbing mountains, or more regularly by enjoying an IPA or scotch, and really loves the strange connection between politics, energy, finance, and environment in the energy world.

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