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Clean-Energy Financing Soars In China

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solar_5 July 14, 2010 (Chinavestor) China is quickly becoming a hotbed for clean-energy financing as the world's largest country attracted more investment for clean-enegy in the second quarter than the U.S. and Europe combined. Investments aimed at wind power, solar projects low-carbon technology surged 72% to $11.5 billion in the second quarter in China.

 

U.S. investments in clean energy rose to $4.9 billion while in Europe it fell to $4.5 billion, according to Bloomberg News. China was the world leader in installed wind power projects last year, installing 14 gigawatts of wind power. China's $586 billion stimulus package and rapidly expanding economy are seen as catalysts behind the clean-energy surge in the country.

Global investment in clean-energy projects reached $58.4 billion in the first half of this year, a 21% gain over the same period a year earlier, Bloomberg reported. Clean-energy firms raised $2.6 billion on public exchanges through the first half of this year, a jump almost 30% from a year earlier.

In the past four quarters, China has garnered $40.3 billion in clean-energy investments.



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