in News Departments > New & Noteworthy
print the content item

The U.S. clean energy sector continues to be buffeted by policy uncertainty, with 2013 investment down 9% from 2012 to $36.7 billion, according to a new report from The Pew Charitable Trusts. The report finds that steep declines in the installation of wind overshadowed a record annual deployment of 4.4 GW of solar.

"Lower technology prices have made the small-distributed solar market very competitive, and the United States has been a leader in developing innovative financing models that are spurring steadily increasing deployment," says Phyllis Cuttino, director of Pew's clean energy program. "We also remain a world leader in venture capital, biofuels and energy-smart technologies, like smart meters and LED lighting. Wind, however, has been subject to the vagaries of U.S. energy policy."

Although wind investment was relatively stable at $14 billion, Pew says U.S. wind installations in 2013 were down more than 90% - from more than 13 GW in 2012 to less than 1 GW last year. When the production tax credit was renewed in early 2013, slight changes in the law precipitated deferrals in deployment of new wind capacity into 2014, when a strong rebound in capacity additions was forecast. By comparison, the report says China deployed 12.1 GW of solar and 14.1 GW of wind capacity.

Meanwhile, the report says solar technology prices in the U.S. marketplace have declined 60% since 2011, and new financing models have spurred more than $17 billion in investment, a 7% increase from 2012. The U.S. continued to garner financing in the biofuels and energy efficient/low-carbon technology subsectors. It also remained the dominant recipient of public market and venture capital/private equity investment, attracting $6.8 billion and $2.2 billion, respectively.

According to the report, China remained the leading regional and global market, attracting $54.2 billion, with the U.S. in second place. Japan was third, with $28.6 billion. Globally, clean energy investment fell 11% to $254 billion, and renewable power generating capacity additions declined by 1% in 2013. Overall, installed clean energy capacity reached 735 GW.


Hybrid Energy Innovations 2015
Latest Top Stories

Demand Response And Renewables Help SDG&E Tackle Record-Breaking Heat Wave

San Diego Gas & Electric (SDG&E) recorded peak demand records last week and relied heavily on energy conservation, as well as imported wind and solar power, to keep the lights on.


Report: Utility-Scale Renewables Keep Getting Cheaper

A new study suggests the levelized costs of energy of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


Duke Energy Commits $500M To Major Solar Expansion In N.C.

The utility company says the investment will help further diversify its portfolio, as well as increase solar power for its North Carolina customers by 60%.


Sensus Issues Refund To SaskPower After Smart Meter Woes

As SaskPower continues to swap out its Sensus units following several meter failures, the two companies have reached an agreement in order for the utility to recover costs.


The Smart Utility's Guide To Choosing A Smart Meter

Electricity providers across North America are taking on grid modernization. This article outlines the myriad factors a utility should consider in order to select the best-possible smart meter.

S&C Electric_id176
Hybrid Energy Innovations 2015
edf_id180
Future Energy_id187