Clean energy fell by thirty four percentage for subsidy cuts in Europe

April 20, 2011

According to Peng Bo New Energy Finance, due to the worries about the low price of natural gas in America and the reduction of PV industry subsidies in European market, the renewable energy investment in the first quarter of this year has dropped the lowest notch in the past two years. According to a statement by this research institute located in London at 15th, fond resource of PV industry is mainly from asset based finance, stock sales, risk investment and private equity which are all dropped more than one-third in the first three months this year to 31.1 billion dollars, and the fund inflood quantity in the forth quarter of 2010 reached 47.1 billion dollars. Some countries including Germany and Spanish have announced to reduce the subsidy of renewable energy rate and the British government is evaluating the electric price. The natural gas price in America dropped to its lowest since 2002. Michael Liebreich, the CEO of New Energy Finance, said that the investing of last December was quite active, investors were anxious to conclude deals for completing their domestic aims or for avoiding the positive FIT policies out of date in Germany, Italy, and Czech etc. But the first quarter of this year is quite through bustling. According to New Energy Finance, investment of renewable energy in the first quarter of this year has created the lowest point in wind power farms and PV gardens etc. by sujie oviera solar