By Michael Liebreich, Chairman of the Advisory Board
and Angus McCrone, Chief Editor
Bloomberg New Energy Finance
At the beginning of 2017, we drew an analogy between the clean energy sector and the great explorers of the 15th and 16th centuries, embarking on epic journeys, driven by the scale the opportunities they knew awaited them, but facing quite extraordinary danger and uncertainty.
Well, our battle-hardened fleet managed during 2017 to make some good progress towards Eldorado, despite all the storms thrown at it.
2017 looks certain to be the eighth successive year in which global clean energy investment has been in the range of $250 billion to $350 billion; there is a good chance that it will end up a touch higher than last year’s figure of $287.5 billion. Once again, we have seen substantial reductions in the cost of renewable energy, so that 2017 will certainly see another record for new capacity installations. Continue reading “Long-Term Clean Energy Optimism, Short-Term Caution”