German new clean energy investment lowest since 2004

Germany invested 14.6 billion US dollars in clean energy in 2017, a decrease of 26 percent compared to the previous year, and the lowest since 2004, says Bloomberg New Energy Finance (BNEF) in its 2017 report on global investment in renewable energies. New investment in the wind sector fell by about 40 percent to 7.9 billion US dollars, compared to 2016, and new investment in the solar sector stayed level at about 2 billion US dollars, according to data BNEF provided to the Clean Energy Wire. Investment in smart technologies – such as smart grids, power storage, and fuel cells – stood at 4 billion US dollars. The data provided by BNEF do not indicate whether newly installed renewable energy capacity also decreased in 2017 as prices fell significantly.

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For background, read the CLEW dossier The energy transition's effect on jobs and business.