A downturn in renewables investment in 2016 may not be viewed negatively, according to Abraham Louw, associate for energy economics at Bloomberg New Energy Finance (BNEF). Investment declined in many regions including China, the Middle East, Africa, and much of the Americas, but record financing in 2015 may have led to a “hangover” in 2016. But offshore wind projects in Europe drove investment up during the first half of the year, 4% at US$33.5 billion and Brazil showed a 36% increase in investment from 2015. UK investment firm NextEnergy Solar Fund (NESF) today announced an increase in its net asset value to £283.1m at the end of June, up from £273.8m at the end of March. Global investments in 2016 are 23% lower than the opening 6 months of 2015 an a BNEF analysis revised figures to show global clean energy investment in 2015 was US$20 billion higher than previously estimated. Indeed record investment during 2015 led to the acquisition of projects that will be implemented in the coming years, making it possible that 2015 was a fundraising year and 2016 will be a year to “take advantage of the attractive acquisition opportunities” previously identified.
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