GREEN DEALS: Trillion-dollar baby

Bloomberg marks trillionth dollar of green investment since 2004; Petratherm's billion-dollar vision for Oz clean energy precinct; Ceramic Fuel Cells completes another round of fundraising; and Wasabi Energy boosts its stake in Aqua Guardian Group.

Bloomberg New Energy Finance has clocked the trillionth dollar of investment in renewable energy, energy efficiency and smart energy technologies since its records began in 2004 – the year oil prices began their steady march to $100, and in which Germany introduced its world-leading feed-in tariffs. BNEF says annual clean energy investment has risen nearly five-fold, from $US52 billion in 2004 to $243 billion last year, a compound annual growth rate of 29 per cent. And it expects figures for 2011 to be in record territory, driven by funding for US solar thermal projects, large European offshore wind financings, high levels of activity in China and Germany, and burgeoning national renewable energy programmes in India.


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