Renewable Energy Update -- January 17, 2012

In This Issue:

Renewable Energy Focus -- Clean energy investment reached $260B in 2011, boosted by solar; Wind energy venture capital funding up 33% in 2011, offshore sector gaining ground; California Bear Creek Ranch powering agricultural water pumps with solar energy; PG&E tallies renewable energy gains in 2011; Experts: Subsidy pullback to hit wind, biomass harder than solar; Cleantech M&A deals dominate in 2011, as global investment tops $9B; Electronic atlas maps U.S. renewable energy resources; Gov. Brown's proposed budget includes $1B cap-and-trade spending; Notable Renewable Energy Projects and Deals -- Western Wind completes 120MW wind farm in California; and AQT gets $18.7M to expand California solar cell plant.

Excerpt from Renewable Energy Focus

Clean energy investment reached $260B in 2011, boosted by solar

Bloomberg - Jan 12

Renewable energy investment rose 5% to a record $260 billion in 2011 driven by a surge in solar developments and increased spending in the U.S., Bloomberg New Energy Finance said. New spending on solar energy jumped 36% to $136.6 billion in 2011, outpacing the $74.9 billion put into wind power. Spending in the U.S. rose by a third to $55.9 billion, surpassing the 1% gain in China to $47.4 billion. A jump in photovoltaic installations in the U.S. and Europe overcame a 50% decline on the price of modules. Falling prices made more developments possible and is bringing closer the date when wind and solar can rival fossil fuels without subsidies.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Reporters on Deadline

CONNECT

Allen Matkins, founded in 1977, is a California-based law firm with more than 200 attorneys in four... View Profile »


Follow Allen Matkins Leck Gamble Mallory & Natsis LLP: