Proof Point
U.S. annual new investments in clean energy as reported by BNEF increased 14% annually between 2004 and 2017, from $10.4 billion to $56.9 billion
U.S. Annual New Investments in Clean Energy
2004 – 2017 (US$ billions)
| Note: | BNEF counts all investment in clean energy capacity at final investment or generally same time as construction; large hydro projects with capacities greater than 50MW are not included as clean energy |
Proof Point Findings
- Clean Energy – Defined by Bloomberg New Energy Finance (BNEF) as energy generated from wind, solar, biomass, geothermal, marine and small hydrogen projects
- U.S. Clean Energy Investments – BNEF published that annual new investments in clean energy in U.S. grew 14% annually from $10.4 billion in 2004 to $56.9 billion in 2017, driven by wind and solar sources
- Slight Rebound – Saw small increase in 2017 after experiencing 3% decline in 2016
- 2011 Peak – High level of investment in 2011 resulted from spending under American Recovery and Reinvestment Act to build wind projects in advance
- Key Growth Drivers – Include strengthened renewable energy support from national governments through policies, country targets and tax incentives, significant advancements in renewable energy and storage technologies, and increased national and business effort to shift consumption to renewable energy sources
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Accelerator |
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Sector |
Energy, Utilities
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Source |
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Date Last Updated |
January 31, 2019
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