bnef_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy
DESCRIPTION
ÂTRANSCRIPT
![Page 1: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/1.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 1 / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / /
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT CHINA STARS AS QUARTERLY CLEAN ENERGY INVESTMENT NUMBERS REBOUND 24% OVER Q1
11 JULY 2012
FACT PACK AS AT Q2 2012
![Page 2: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/2.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 2 / / / /
CONTENTS
1. Global clean energy new financial investment overview
2. Global clean energy acquisitions overview
3. Clean energy indexes
4. Appendix
![Page 3: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/3.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 3 / / / /
8.6 7.8 7.79.711.5
15.713.2
18.219.021.021.6
32.9
26.127.6
33.3
46.2
34.3
46.7
41.241.2
25.3
45.0 44.942.4
47.6 48.5
55.5
63.8
52.3
72.5 70.9
58.2
48.0
59.6
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2004 2005 2006 2007 2008 2009 2010 2011 2012
Four quarter running average
NEW INVESTMENT IN CLEAN ENERGY Q1 2004–Q2 2012 ($BN)
Source: Bloomberg New Energy Finance Note: Total values include estimates for undisclosed deals. Excludes corporate and government R&D. Now includes small distributed capacity & adjustment for re-invested equity. NEW
![Page 4: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/4.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 4 / / / /
8.6 7.8 7.79.711.5
15.713.2
18.219.021.0
21.6
32.9
26.127.6
33.3
46.2
34.3
46.741.2 41.2
25.3
45.0 44.942.4
47.6 48.5
55.5
63.8
52.3
72.5 70.9
58.2
48.0
59.6
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2004 2005 2006 2007 2008 2009 2010 2011 2012
EMEA AMER ASOC
NEW INVESTMENT IN CLEAN ENERGY BY REGION Q1 2004–Q2 2012 ($BN)
Source: Bloomberg New Energy Finance Note: Total values include estimates for undisclosed deals. Excludes corporate and government R&D. Now includes small distributed capacity & adjustment for re-invested equity. NEW
![Page 5: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/5.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 5 / / / /
8.6 7.8 7.79.711.5
15.713.2
18.219.021.0
21.6
32.9
26.127.6
33.3
46.2
34.3
46.741.2
41.2
25.3
45.044.942.4
47.648.5
55.5
63.8
52.3
72.5 70.9
58.2
48.0
59.6
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2004 2005 2006 2007 2008 2009 2010 2011 2012
Wind Solar Biofuels Other
NEW INVESTMENT IN CLEAN ENERGY BY SECTOR Q1 2004–Q2 2012 ($BN)
Source: Bloomberg New Energy Finance Note: Total values include estimates for undisclosed deals. Excludes corporate and government R&D. Now includes small distributed capacity & adjustment for re-invested equity. NEW
![Page 6: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/6.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 6 / / / /
8.6 7.8 7.79.711.5
15.713.2
18.219.021.0
21.6
32.9
26.127.6
33.3
46.2
34.3
46.7
41.2 41.2
25.3
45.0 44.942.4
47.648.5
55.5
63.852.3
72.5 70.9
58.2
48.0
59.6
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2004 2005 2006 2007 2008 2009 2010 2011 2012
Asset finance* Public markets VC/PE Small distributed capacity
NEW INVESTMENT IN CLEAN ENERGY BY ASSET CLASS Q1 2004–Q2 2012 ($BN)
Source: Bloomberg New Energy Finance Note: Total values include estimates for undisclosed deals. Excludes corporate and government R&D. Now includes small distributed capacity & adjustment for re-invested equity. NEW
![Page 7: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/7.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 7 / / / /
0.2 0.1 0.0 0.4 0.7 0.9 0.7
2.5 1.9
4.4
1.3
3.44.4 4.2 3.8
13.5
1.7
6.9
2.9
1.00.4
3.9 3.8
5.6
1.4
3.2 3.5
5.64.4 4.8
1.5 0.9 0.61.2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2004 2005 2006 2007 2008 2009 2010 2011 2012
Four quarter running average
PUBLIC MARKET NEW INVESTMENT IN CLEAN ENERGY Q1 2004–Q2 2012 ($BN)
Source: Bloomberg New Energy Finance
![Page 8: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/8.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 8 / / / /
VC AND PE NEW INVESTMENT IN CLEAN ENERGY Q1 2004–Q2 2012 ($BN)
Source: Bloomberg New Energy Finance Note: Total values include estimates for undisclosed deals
0.2 0.6 0.4 0.3 0.5 0.7 0.4 0.8 1.1 1.5 1.8 1.21.8 1.5 1.7
2.6 2.53.1
4.02.6
1.31.7 2.2
1.42.7 2.6
1.5 1.7 1.9 2.4 2.0 1.9 2.1 1.5
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2004 2005 2006 2007 2008 2009 2010 2011 2012
Four quarter running average
![Page 9: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/9.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 9 / / / /
6.0 4.8 5.16.8 7.5
11.49.4
12.214.4
13.5
17.3
26.6
18.420.6
25.327.7
25.6
32.530.6
32.9
16.5
32.331.328.4
29.629.2
37.0
43.0
29.5
47.350.4
37.2
24.0
35.9
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2004 2005 2006 2007 2008 2009 2010 2011 2012
Four quarter running average
ASSET FINANCING FOR NEW BUILD CLEAN ENERGY ASSETS, Q1 2004–Q2 2012 ($BN)
Source: Bloomberg New Energy Finance Note: Total values include estimates for undisclosed deals. Excludes small distributed capacity and adjustment for re-invested equity.
![Page 10: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/10.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 10 / / / /
CONTENTS
1. Global clean energy new financial investment overview
2. Global clean energy acquisitions overview
3. Clean energy indexes
4. Appendix
![Page 11: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/11.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 11 / / / /
ACQUISITION TRANSACTIONS IN CLEAN ENERGY Q1 2004–Q2 2012 ($BN)
Source: Bloomberg New Energy Finance Note: Total values include estimates for undisclosed deals
2.9 3.6
1.6
4.53.6
7.5 7.0
12.9
8.511.0
5.7
14.3
10.0
15.6
18.4
21.820.7
14.215.2
17.3
11.6
18.7
16.2
21.2
18.7
12.9
15.9
21.2
14.4
16.9
28.5
16.1
21.7
10.4
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2004 2005 2006 2007 2008 2009 2010 2011 2012
Four quarter running average
![Page 12: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/12.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 12 / / / /
CORPORATE M&A TRANSACTIONS IN CLEAN ENERGY, Q1 2004–Q2 2012 ($BN)
Source: Bloomberg New Energy Finance Note: Total values include estimates for undisclosed deals
1.3 1.1 1.12.4
1.5
4.62.1
4.7 5.13.6 3.0 4.4 3.9 3.7
7.5
10.3
8.0
3.3
6.0
3.85.1
3.7
6.48.3 8.2
4.6 4.76.0
3.0
6.7
17.8
7.4
4.5
2.2
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2004 2005 2006 2007 2008 2009 2010 2011 2012
Four quarter running average
![Page 13: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/13.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 13 / / / /
RENEWABLE ENERGY ASSET ACQUISITIONS & REFINANCING, Q1 2004–Q2 2012 ($BN)
Source: Bloomberg New Energy Finance Note: Total values include estimates for undisclosed deals
1.6 1.80.4
1.7 1.5 1.52.8
6.5
3.2 4.02.2
9.1
3.6
8.9 8.9 9.7
11.9
8.3
7.2
11.7
6.2
12.9
8.410.7
9.0
7.4
9.810.810.3 9.5 9.1
7.7
15.4
7.6
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
2004 2005 2006 2007 2008 2009 2010 2011 2012
Four quarter running average
![Page 14: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/14.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 14 / / / /
CONTENTS
1. Global clean energy new financial investment overview
2. Global clean energy acquisitions overview
3. Clean energy indexes
4. Appendix
![Page 15: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/15.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 15 / / / /
NEX CLEAN ENERGY INDEX 2003 – 2012 YTD
Source: Bloomberg New Energy Finance Note: Values as of 1 July 2012; NASDAQ and S&P 500 rebased to 100 on 01 Jan 2003
0
100
200
300
400
500
Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12
S&P 500 NASDAQ NEX
![Page 16: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/16.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 16 / / / /
NEX CLEAN ENERGY INDEX 2011 – 2012 YTD
Source: Bloomberg New Energy Finance
50
60
70
80
90
100
110
120
130
140
150
Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11 Jan-12 Mar-12 May-12
S&P 500 NASDAQ NEX
Note: Values as of 1 July 2012; NASDAQ and S&P 500 rebased to 100 on 01 Jan 2011
![Page 17: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/17.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 17 / / / /
NYSE BNEF REGIONAL CLEAN ENERGY INDEXES 2006 – 2012 YTD
Source: NYSE; Bloomberg New Energy Finance Note: Values as of 5 July 2012; rebased to 1000 on 30 Dec 2005
0
500
1,000
1,500
2,000
2,500
3,000
Dec 05 Sep 06 Jun 07 Mar 08 Dec 08 Sep 09 Jun 10 Mar 11 Dec 11
NYSE BNEF AMER Index
NYSE BNEF ASOC Index
NYSE BNEF EMEA Index
MSCI World & Emerging
![Page 18: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/18.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 18 / / / /
NYSE GLOBAL CLEAN ENERGY SECTOR INDEXES 2006 – 2012 YTD
Source: NYSE; Bloomberg New Energy Finance Note: Values as of 5 July 2012; rebased to 1000 on 30 Dec 2005
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
Dec 05 Sep 06 Jun 07 Mar 08 Dec 08 Sep 09 Jun 10 Mar 11 Dec 11
NYSE BNEF Wind Index
NYSE BNEF Solar Index
NYSE BNEF EST Index
MSCI World & Emerging
![Page 19: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/19.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 19 / / / /
CONTENTS
1. Global clean energy new financial investment overview
2. Global clean energy acquisitions overview
3. Clean energy indexes
4. Appendix
![Page 20: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/20.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 20 / / / /
TOP PUBLIC MARKET TRANSACTIONS OF THE QUARTER Q2 2012
Source: Bloomberg New Energy Finance
ORGANISATION STOCK EXCHANGE SECTOR TYPE OF TRANSACTION
NEW EQUITY RAISED
TOTAL OFFERING
SIZE
Ilika PLC Shanghai Stock Exchange Fuel Cells IPO $339.9m $339.9m
American Superconductor Corp
Shenzhen Stock Exchange - Main Board Digital Energy IPO $157m $157m
Finavera Wind Energy Inc US - OTC Bulletin Board Wind OTC Secondary/PIPE $88m $88m
Lime Energy Co Shenzhen Stock Exchange - Main Board
Efficiency: Built Environment IPO $61m $61m
Unison Co Ltd/South Korea Nasdaq Global Select Market Wind Convertible $50m $50m
![Page 21: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/21.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 21 / / / /
GLOBAL ASSET FINANCE SUMMARY Q2 2012
Source: Bloomberg New Energy Finance Note: Total values include estimates for undisclosed deals. Small distributed capacity excluded.
TYPE OF INVESTMENT AMOUNT NO. OF DEALS
Total new build asset financing $35.9bn 263
Refinancing $2.3bn 14
Acquisition $5.3bn 45
Total refinancing & acquisitions $7.6bn 59
Total asset financing $43.5bn 322
SECTOR AMOUNT NO. OF DEALS
Wind $21.5bn 126 Solar $11.5bn 108 Biomass & Waste $1.3bn 20 Small Hydro $1.1bn 7 Biofuels $0.5bn 1 Marine $0.04bn 1 Geothermal - - Total new build asset financing $35.9bn 263
REGION AMOUNT NO. OF DEALS
China $16.0bn 131
United States $6.8bn 28
Europe $6.6bn 36
Other AMER $2.6bn 16
India $1.3bn 12
Brazil $1.0bn 6
Other ASOC $1.0bn 29
Other EMEA $0.6bn 5 Total new build asset financing $35.9bn 263
![Page 22: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/22.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 22 / / / /
GLOBAL VC AND PE SUMMARY Q2 2012
Source: Bloomberg New Energy Finance Note: Total values include estimates for undisclosed deals
STAGE/TYPE OF INVESTMENT AMOUNT NO. OF DEALS
VC early stage. $0.8bn 32
VC late stage. $0.4bn 41
Total VC $1.2bn 73
PE expansion capital.. $0.3bn 17
Total VCPE new investment in companies $1.5bn 90
PE buy-out. $0.6bn 6
Total VCPE for companies $2.1bn 96 SECTOR AMOUNT NO. OF
DEALS
Energy smart technologies $0.6bn 35 Solar $0.5bn 25 Biofuels $0.3bn 13 Biomass & Waste $0.1bn 7 Low carbon services & support* $0.05bn 4 Wind $0.03bn 2 Marine $0.01bn 2 Small Hydro $0.004bn 1 Geothermal $0.002bn 1 Total VCPE new investment in companies $1.5bn 90
REGION AMOUNT NO. OF DEALS
United States $1.2bn 64 Europe $0.2bn 17 China $0.05bn 1 India $0.04bn 3 Other AMER $0.03bn 4 Other EMEA $0.004bn 1 Other ASOC - - Brazil - - Total VCPE new investment in companies $1.5bn 90
![Page 23: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/23.jpg)
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 11 JULY 2012 23 / / / /
COPYRIGHT AND DISCLAIMER
This publication is the copyright of Bloomberg New Energy Finance. No portion of this document may be
photocopied, reproduced, scanned into an electronic system or transmitted, forwarded or distributed in any
way without prior consent of Bloomberg New Energy Finance.
The information contained in this publication is derived from carefully selected sources we believe are
reasonable. We do not guarantee its accuracy or completeness and nothing in this document shall be
construed to be a representation of such a guarantee. Any opinions expressed reflect the current judgment of
the author of the relevant article or features, and does not necessarily reflect the opinion of Bloomberg New
Energy Finance, Bloomberg Finance L.P., Bloomberg L.P. or any of their affiliates ("Bloomberg"). The opinions
presented are subject to change without notice. Bloomberg accepts no responsibility for any liability arising
from use of this document or its contents. Nothing herein shall constitute or be construed as an offering of
financial instruments, or as investment advice or recommendations by Bloomberg of an investment strategy or
whether or not to "buy," "sell" or "hold" an investment.
![Page 24: BNEF_global_trends_in_clean_energy_investment_q2_2012_fact_pack copy](https://reader031.vdocuments.net/reader031/viewer/2022020504/568c536c1a28ab4916babcde/html5/thumbnails/24.jpg)
/ / / / / / / / / / / / / / / / / / / / / / / / / / / /
Subscription-based news, data and analysis to support your
decisions in clean energy, power and water and the carbon markets
MARKETS Renewable Energy
Carbon Markets
Energy Smart Technologies
Renewable Energy Certificates
Carbon Capture & Storage
Power
Water
Nuclear
SERVICES Insight: research, analysis & forecasting Industry Intelligence: data & analytics News & Briefing: daily, weekly & monthly Applied Research: custom research & data mining Knowledge Services: Summit, Leadership Forums, Executive Briefings & workshops
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT ANGUS MCCRONE, [email protected] NICOLE ASPINALL, [email protected]