Renewable Energy Investment Bounces Back in Second Quarter

New investment in the worldwide clean energy sector in the second quarter of 2009 has already surpassed that in the first quarter by a third, with several weeks still to go in Q2, according to analysts at New Energy Finance. However, this is in comparison to a disastrous first quarter, which saw investment down 44% from the fourth quarter of 2008, and down 53% from the peak in the first quarter of 2008. Overall, new investment is expected to finish 2009 between US$95 billion and $115 billion, a drop of between 26% and 39% on last year’s total of $155 billion, says New Energy Finance.