According to Bloomberg News, global investment in wind farms, solar power plants and other renewable energy sources fell to the lowest point in the first quarter of 2009 in the first quarter of this year.
From January to March this year, funds that entered the renewable energy industry through assets, equity sales, joint ventures and private equity declined by 1/3 to US$31.1 billion from US$47.1 billion in the fourth quarter of 2010.
According to the analysis, the decline in new investment in renewable energy is due to the low price of natural gas in the United States and the reduction of clean energy subsidies in Europe. European countries including Germany and Spain have announced that they will reduce the on-grid tariffs for electricity from renewable sources. The British government is also reviewing this price. In addition, the price of natural gas in the United States fell to the lowest point since 2002 in excess of production in 2002.
From January to March this year, funds that entered the renewable energy industry through assets, equity sales, joint ventures and private equity declined by 1/3 to US$31.1 billion from US$47.1 billion in the fourth quarter of 2010.
According to the analysis, the decline in new investment in renewable energy is due to the low price of natural gas in the United States and the reduction of clean energy subsidies in Europe. European countries including Germany and Spain have announced that they will reduce the on-grid tariffs for electricity from renewable sources. The British government is also reviewing this price. In addition, the price of natural gas in the United States fell to the lowest point since 2002 in excess of production in 2002.