RenewableS 2013 GlObal STaTUS RePORT - REN21

Germany invested more than any other country in smallscale
renewables, but there was a fairly narrow gap between
Germany’s input and investments in Japan and Italy. The United
States and China took fourth and fifth places for investment in
small-scale capacity.
Japan’s utility-scale finance jumped 229% to USD 3 billion, and
the country saw spectacular investment in small-scale projects,
which grew 56% to USD 13.1 billion. These significant increases
in both sectors reflect Japan’s decision after the March 2011
Fukushima nuclear disaster to encourage renewable energy
deployment more vigorously. Japan’s feed-in tariff (FIT) for solar
PV installations has been particularly attractive for investors.
In Italy, investment in renewable energy fell 53% in 2012, to
USD 14.1 billion. This was due to lower payments under Italy’s
feed-in tariff (FIT) and to the strict limits put on the amount of
new wind and solar power capacity eligible for FIT support.
Small-scale investment accounted for most of this total, at
USD 13 billion.
While investment was down in most leading developed country
markets, it increased substantially in a number of new markets
around the world. There is striking momentum in the Middle
East and Africa, where annual investment in renewable energy
has risen from less than USD 1 billion in the middle of the last
decade to USD 11.5 billion in 2012. South Africa experienced
a stunning leap in 2012, increasing its investment in renewable
energy from a few hundred million dollars to USD 5.7 billion.
Elsewhere in Africa, Morocco saw a jump in outlays from USD
297 million to USD 1.8 billion, while Kenya saw commitments
rise from almost zero in 2011 to USD 1.1 billion in 2012.
In Latin America, Brazil continued to be the leading investor
despite a 38% decline in 2012. But investment in renewable
energy is growing rapidly elsewhere. Mexico’s investment
increased more than fivefold, from USD 352 million in 2011
to USD 2 billion in 2012, and Chile and Peru turned out to be
attractive new markets.
Source:
See Endnote 2
for this section.
EUROPE
CHINA
MIDDLE EAST
& AFRICA
INDIA
ASIA AND OCEANIA
ASIA AND OCEANIA
(excl. China & India)
6.7
8.3
8.9
11.0
18.1
11.5 13.2
23.8 29.0
2004 2005 2006 2007 2008 2009 2010 2011 2012
EUROPE
112.3
38.4
29.4
19.6
74.7 72.9
61.7
101.3
79.9
INDIA
2.4
3.2
5.5
6.3
5.2
4.4
8.7
13.0 6.5
CHINA
2.6
5.8
40.0 37.2
25.0
15.8
10.2
54.7 66.6
03
2004 2005 2006 2007 2008 2009 2010 2011 2012
2004 2005 2006 2007 2008 2009 2010 2011 2012
2004 2005 2006 2007 2008 2009 2010 2011 2012
Renewables 2013 Global Status Report 59