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WEL<strong>COM</strong>E A warm welcome to this month’s issue of Worldwide Independent Power - as always bringing you closer to the stories and issues affecting on-site power and cogeneration around the world. For editorial comments, please do not hesitate to contact the editor. BIENVENUE Soyez le bienvenu à cette issue de Worldwide Independent Power. Comme d'habitude, nous vous apportons toujours plus près des sujets qui affectent l'énergie et la co-generation sur place autour du monde. N'hésitez pas contacter le rédacteur pour des commentaires éditoriaux. WILLKOMMEN Herzlich Willkommen zur Ausgabe dieses Monates von Worldwide Independent Power. Wie immer bringen wir Sie näher heran an die Ereignisse und Geschichten der Stromerzeugungsindustrie rund um die Welt. Für redaktionelle Kommentare und Anregungen wenden Sie sich bitte an den Autor. BIENVENIDO Bienvenido a esta edición de Worldwide Independent Power. Como siempre, acercándolo a los temas que afectan a la energía y a la cogeneración in-situ. No dude en contactar con nuestro editor para cualquier cuestión editorial. BENVENUTI Benvenuti a questa nuova edizione di Worldwide Independent Power. Come sempre cercheremo di offrirvi storie e questioni riguardanti on-site power e cogeneration a livello globale. Per commenti editoriali, si prega di contattare l'editore. Aidan Turnbull - Editor The rise & rise of renewables W ORLDWIDE I NDEPENDENT P OWER • NOVEMBER 2011 EDITOR’S LETTER Looking back a whole year is always interesting. If you are into such things, there’s been some pretty impressive data coming out of the <strong>Global</strong> Trends in Renewable Energy Investment 2011 report prepared for the UN by Bloomberg New Energy Finance. Last year, for example, global investment in renewable energy sources grew by 32% to reach a record level of US$211bn (£132bn), a UN study has reported. Two of the biggest elements contributing to this included wind farms in China - and rooftop solar panels in Europe, it said. Economic researchers also discovered that in 2010 developing nations invested more in green power than rich nations for the first time since such records began. Achim Steiner, executive director of the UN Environment Programme, told WIP: “The continuing growth in this core segment of the green economy is not happening by chance. The combination of government target-setting, policy support and stimulus funding is underpinning the renewable industry's rise and bringing the much needed transformation of our global energy system within reach." In 2010, developing economies spent more on "financial new investment", pumping US$72bn into renewable projects compared with the US $70bn outlay by developed economies. The figures show that China topped the table of investors again, spending US$48.9bn - up 28% from 2009. There were also sizeable increases in investment from other developing or emerging economies: * Africa and the Middle East: up 104% to US$5bn * India: up 25% to US$3.8bn * South and Central America: up 39% (from 2009 levels) to US$13.1bn As a corollary, researchers did notice a 22% decline in the investment in large-scale projects - such as windfarms - within Europe, where the funding fell to US$35bn. The figures were also influenced by a rise in small-scale projects, such as photovoltaic (PV) solar panels, especially within Germany, where investment in a "micro-solar boom" had increased by 132% to US$34bn compared with 2009 figures. As the renewable technologies continued to mature, the report added, the cost per megawatt (MW) continued to fall. It said that the cost of PV modules had fallen on a per-MW basis by 60% since 2008. The reports suggests that there will be - "Further improvements in the cost of energy for solar, wind and other technologies lie ahead, posing a bigger and bigger threat to the dominance of fossil-fuel generation sources in the next few years." Achim Steiner considers that a number of key events will help to maintain the momentum towards renewables. "The UN climate convention meeting in Durban, South Africa, held between November 28th until the 9th of December will be followed by the Rio+20 summit in Brazil in 2012. Events like these offer key opportunities to accelerate and scale-up this positive transition to a low-carbon, resource-efficient green economy." According to a global study published by the US Pew Environment Group, China remains the world's leading investor in low-carbon energy technology. The table, published by showed that the Chinese invested US$54.4bn (£34.1bn) in 2010, up from $39.1bn in 2009. EUROPE ASIA-PACIFIC MIDDLE EAST AFRICA AMERICAS 5
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