Figure 1. Global new investment in renewable energy by asset class, 2004-2016 Figure 2. Global transactions in renewable energy, 2016 Figure 4. Global new investment in renewable energy: developed v developing countries, 2004-2016 Figure 5. Global new investment in renewable energy by sector, 2016, and growth on 2015 Figure 6. VC/PE new investment in renewable energy by sector, 2016 Figure 7. Public markets new investment in renewable energy by sector, 2016 Figure 8. Renewable energy asset finance and small distributed capacity investment by sector, 2016, and growth on 2015 Figure 9. Levelised cost of electricity from selected renewable energy sources, Q3 2009 to H2 2016 Figure 12. Global new investment in renewable energy by region, 2004-2016 Figure 13. Global new investment in renewable energy by region, 2016 Figure 23. Renewable power generation and capacity as a share of global power, 2007-2016 Figure 24. Net power generating capacity added in 2016 by main technology Figure 25. Investment in power capacity renewable, fossil-fuel and nuclear, 2008-2016 Figure 34. Asset finance investment in renewable energy by region, 2004-2016 Figure 36. Asset finance investment in renewable energy by sector, 2004-2016 Figure 38. Small distributed capacity investment, 2004-2016 Figure 41. Public market new investment in renewable energy by stage, 2004-2016 Figure 48. VC/PE new investment in renewable energy by stage, 2004-2016 Figure 57. Acquisition transactions in renewable energy by type, 2004-2016
MAIN Figure 1 Global new investment in renewable energy by asset class, 2004-2016 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Asset finance* 33.6 52.8 84.6 112.2 131.9 118.6 153.6 181.7 166.8 158.3 191.1 231.3 184.2 Small distributed capacity 8.5 10.3 9.4 14.0 22.1 33.0 62.2 75.2 71.6 54.4 60.0 55.5 39.8 Public markets 0.3 3.6 9.3 21.4 10.8 12.7 10.8 9.9 4.0 10.3 15.9 13.3 6.3 VC/PE 0.7 1.6 4.3 5.7 10.2 4.7 8.1 5.1 4.2 2.3 2.8 3.5 3.3 Government R&D 1.9 2.0 2.2 2.7 2.8 5.4 4.9 4.8 4.7 5.2 4.5 4.4 5.5 Corporate R&D 2.1 2.4 2.9 3.2 3.6 3.8 3.9 4.5 4.2 4.0 3.9 4.2 2.5 Total 47.0 72.7 112.7 159.3 181.4 178.3 243.6 281.2 255.5 234.4 278.2 312.2 241.6 % Growth - 55% 55% 41% 14% -2% 37% 15% -9% -8% 19% 12% -23% *Asset finance volume adjusts for re-invested equity. Total values include estimates for undisclosed deals UNEP, Bloomberg New Energy Finance
MAIN Figure 2 Global transactions in renewable energy, 2016 2016 PE 2.2 VC 1.1 Gov RD&D 5.5 Corp RD&D 2.5 Public markets new equity 6.3 Total company investment 18 Re-invested (3) Asset finance 187 SDC 40 Total investment 242 M&A/buy-outs etc. 110 Total transactions 352 SDC = small distributed capacity. Total values include estimates for undisclosed deals. Figures may not add up exactly to totals, due to rounding. UNEP, Bloomberg New Energy Finance
MAIN Figure 4 Global new investment in renewable energy: developed v developing countries, 2004-2016 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Developed 37 52 83 115 123 115 165 193 152 133 143 145 125 Developing 10 20 29 44 58 64 78 88 104 101 135 167 117 Total 47 73 113 159 181 178 244 281 255 234 278 312 242 % Growth - 55% 55% 41% 14% -2% 37% 15% -9% -8% 19% 12% -23% New investment volume adjusts for re-invested equity. Total values include estimates for undisclosed deals. Developed volumes are based on OECD countries excluding Mexico, Chile, and Turkey. UNEP, Bloomberg New Energy Finance
MAIN Figure 5 Global new investment in renewable energy by sector, 2016, and growth on 2015 2016 % growth on 2015 2015 blank series Marine 0.2-7% 0.2 0 Biofuels 2-37% 4 0 Geothermal 3 17% 2 0 Small hydro 3 0% 3 0 Biomass & w-t-e 7 0% 7 0 Wind 112-9% 124 0 Solar 114-34% 172 0 New investment volume adjusts for re-invested equity. Total values inclu UNEP, Bloomberg New Energy Finance
MAIN Figure 6 VC/PE new investment in renewable energy by sector, 2016 2016 % growth on 2015 2015 blank series Solar 2.3-2% 2.3 0 Biofuels 0.3-60% 0.6 0 Wind 0.5 41% 0.4 0 Biomass & w-t-e 0.08 3% 0.1 0 Marine 0.02-47% 0.0 0 Small hydro 0.17 373% 0.0 0 Geothermal 0 in 2016 0.0 0 VC/PE new investment excludes PE buy-outs. Total values include estimates for undisclosed deals. UNEP, Bloomberg New Energy Finance
MAIN Figure 7 Public markets new investment in renewable energy by sector, 2016 2016 % growth on 2015 2015 blank series Wind 4.3 66% 2.58 0 Solar 1.7-83% 9.93 0 Biomass & waste 0.2-41% 0.3 0 Geothermal 0.1 473% 0.0 0 Biofuels 0.04-92% 0.4 0 Marine 0.027 49% 0.0 0 Small hydro 0 in 2016 0.0 0 UNEP, Bloomberg New Energy Finance
MAIN Figure 8 Renewable energy asset finance and small distributed capacity investment by sector, 2016, and growth on 2015 2016 % growth on 2015 2015 blank series Large hydro 23-48% 45 0 Marine 0.012 505% 0 0 Biofuels 0-73% 1 0 Geothermal 2 14% 2 0 Small hydro 3-7% 3 0 Biomass & w-t-e 6-2% 6 0 Wind 108-12% 122 0 Solar 108-32% 158 0 Total values include estimates for undisclosed deals. UNEP, Bloomberg New Energy Finance
MAIN Figure 9 Figure 9. Levelised cost of electricity from selected renewable energy sources, Q3 2009 to H2 2016 $ per MWh 09 2010 2011 2012 2013 2014 2015 2016 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Onshore wind 89.8 85.7 85.7 93.2 82.5 84.3 87.3 82 75 76.5 79.8 81.7 83.1 81.4 78 79.9 81.8 81.8 81.9 82 82 85.5 85.5 82.5 82.5 81.2 81.2 68.2 68.2 Offshore wind 169 178 176 185 176 184 190 208 219 226 228 220 219 218 213 213 212 212 208 203 203 176 176 174 174 161 161 126 126 Biomass incineration 111 117 117 120 118 120 122 119 109 116 120 119 119 119 119 119 119 119 119 119 119 134 134 134 134 134 134 122 122 Parabolic trough with storage 267 275 275 283 261 281 291 257 260 239 252 264 264 264 264 265 265 265 265 265 265 275 275 274 274 274 274 293 293 Solar - crystalline silicon 292 315 293 307 249 235 245 201 197 188 164 166 162 135 137 143 149 149 146 143 143 129 129 122 122 99.4 99.4 101 101 Bloomberg New Energy Finance
MAIN Figure 12 Global new investment in renewable energy by region, 2004-2016 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 United States 5.7 11.9 29.3 39.3 35.8 23.9 35.3 49.6 40.6 33.8 38.4 51.4 46.4 Brazil 0.9 2.7 5.1 9.8 11.5 7.8 7.4 10.3 8.1 4.4 8.2 7.1 6.8 AMER (excl. US & Brazil) 1.8 3.3 3.7 4.8 5.9 5.5 12.4 9.5 10.4 12.3 14.0 13.1 6.1 Europe 25.0 33.1 46.8 67.4 81.3 82.5 113.9 123.8 88.9 59.4 63.0 58.1 59.8 Middle East & Africa 0.6 0.8 1.2 1.9 2.3 1.7 4.2 3.2 10.2 9.2 8.4 11.4 7.7 China 3.0 8.7 11.1 16.6 25.3 38.1 41.4 46.0 58.3 63.3 87.3 115.4 78.3 India 2.8 3.2 5.4 6.8 5.7 4.2 9.0 13.7 8.0 6.6 8.4 9.6 9.7 ASOC (excl. China & India) 7.2 9.0 10.1 12.8 13.6 14.5 20.0 25.1 30.9 45.3 50.5 46.1 26.8 Total 47.0 72.7 112.7 159.3 181.4 178.3 243.6 281.2 255.5 234.4 312.2 New investment volume adjusts for re-invested equity. Total values include estimates for undisclosed deals. UNEP, Bloomberg New Energy Finance
MAIN Figure 13 Global new investment in renewable energy by region, 2016 2016 % growth on 2015 2015 China 78.3-32% #### Europe 59.8 3% 58.1 ASOC (excl. China & India) 26.8-42% 46.1 United States 46.4-10% 51.4 AMER (excl. US & Brazil) 6.1-54% 13.1 Middle East & Africa 7.7-32% 11.4 India 9.7 0% 9.6 Brazil 6.8-4% 7.1 New investment volume adjusts for re-invested equity. Total values include estimates for undisclosed deals. UNEP, Bloomberg New Energy Finance
MAIN Figure 23 Renewable power generation and capacity as a share of global power, 2007-2016 % 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Renewable capacity change as a % of global capacity change (ne 19.5% 27.3% 41.7% 31.6% 39.8% 48.6% 38.7% 45.3% 51.3% 55.3% Renewable power as a % of global power capacity 7.5% 8.2% 9.2% 10.2% 11.4% 12.7% 12.4% 13.7% 15.2% 16.7% Renewable power as a % of global power generation 5.2% 5.3% 5.9% 6.1% 6.9% 7.6% 8.2% 8.8% 10.3% 11.3% Renewables figure excludes large hydro. Capacity and generation based on Bloomberg New Energy Finance totals. Bloomberg New Energy Finance
MAIN Figure 24 Net power generating capacity added in 2016 by main technology GW 2016 Coal 54 Gas 37 Nuclear 10 Large hydro 15 Renewable ex large hydro 138 Other flexible capacity 5 Bloomberg New Energy Finance
MAIN Figure 25 Investment in power capacity renewable, fossil-fuel and nuclear, 2008-2016 2008 2009 2010 2011 2012 2013 2014 2015 2016 Renewables ex large hydro 142 147 208 250 238 210 247 266 227 Fossil fuel 129 100 125 130 114 Nuclear 27 34 34 34 30 Large hydro 53 33 44 33 33 33 48 45 23 Bloomberg New Energy Finance
MAIN Figure 34 Asset finance investment in renewable energy by region, 2004-2016 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Europe 17.7 22.8 32.3 43.8 56.8 53.1 58.2 62.7 40.4 35.6 46.7 47.5 46.9 China 2.4 7.9 9.5 14.2 23.5 32.1 36.4 39.2 55.2 59.1 82.7 110.5 72.9 United States 4.2 8.7 23.4 30.8 23.0 12.7 23.5 39.7 29.5 20.0 20.8 30.3 29.8 ASOC (excl. China & India) 3.7 5.1 5.9 8.4 9.0 6.1 7.8 7.8 9.9 15.4 13.3 11.3 11.4 AMER (excl. US & Brazil) 1.7 2.9 3.3 3.7 5.6 4.8 11.2 8.5 9.5 11.6 13.3 12.3 5.5 Brazil 0.8 2.2 5.2 7.6 11.3 7.3 6.7 9.8 7.9 3.7 5.6 7.3 6.1 India 2.8 2.9 4.9 5.4 5.3 3.9 8.1 13.3 7.8 6.2 6.9 8.8 8.4 Middle East & Africa 0.4 0.5 0.9 1.0 1.1 0.6 3.3 2.5 9.2 7.5 5.2 9.3 6.0 Disclosed deal count 267 561 781 985 1084 927 1030 1208 1109 1102 1241 1797 1132 Total deal count 1229 1732 2122 2377 2597 2507 3036 3262 3056 3455 3806 4263 2411 Total 33.7 53.0 85.5 114.9 135.6 120.5 155.1 183.5 169.4 159.3 194.4 237.4 Total values include estimates for undisclosed deals. Bloomberg New Energy Finance, UNEP
MAIN Figure 36 Asset finance investment in renewable energy by sector, 2004-2016 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Wind 18.7 26.5 37.1 49.0 69.7 73.8 94.9 79.1 82.4 84.8 101.1 122.5 107.9 Solar 0.4 1.1 4.7 13.5 25.6 18.6 30.4 68.6 62.1 55.1 72.2 102.8 67.8 Biomass & w-t-e 7.8 8.9 11.5 20.6 16.4 13.3 15.2 18.1 13.5 11.2 9.8 5.8 5.7 Biofuels 3.3 8.1 23.4 23.5 15.8 6.9 7.2 7.2 4.1 2.0 2.7 1.0 0.3 Small hydro 2.5 7.3 7.3 6.2 7.0 5.8 4.8 7.1 6.1 5.3 5.7 3.1 2.9 Geothermal 0.9 1.1 0.8 1.5 1.1 1.9 2.5 3.2 1.0 0.9 2.7 2.2 2.5 Marine 0.005 0.03 0.8 0.5 0.04 0.2 0.03 0.1 0.1 0.1 0.002 0.012 Disclosed deal count 267 561 781 985 1084 927 1030 1208 1109 1102 1241 1797 1132 Total deal count 1229 1732 2122 2377 2597 2507 3036 3262 3056 3455 3806 4263 2411 Total 33.7 53.0 85.5 114.9 135.6 120.5 155.1 183.5 169.4 159.3 194.4 237.4 Total values include estimates for undisclosed deals. Bloomberg New Energy Finance, UNEP
MAIN Figure 38 Small distributed capacity investment, 2004-2016 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Total 8.5 10.3 9.4 14.0 22.1 33.0 62.2 75.2 71.6 54.4 60.0 55.5 39.8 % Growth 22% -9% 50% 58% 50% 89% 21% -5% -24% 10% -7% -28% blank series 0 0 0 0 0 0 0 0 0 0 0 0 Represents investments in solar PV projects with capacities below 1MW Bloomberg New Energy Finance
MAIN Figure 41 Public market new investment in renewable energy by stage, 2004-2016 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 IPO 0.2 2.2 5.5 12.0 3.2 3.0 5.4 4.1 1.3 3.9 3.5 2.3 2.6 Secondary & PIPE 0.1 0.7 2.8 4.1 1.6 5.7 2.8 3.3 1.9 3.5 6.1 7.1 2.6 Convertible & other 0.2 0.3 3.8 4.1 2.7 2.4 2.1 0.5 1.2 5.3 2.3 1.1 OTC 0.02 0.6 0.8 1.6 1.9 1.3 0.2 0.37 0.3 1.8 1.0 1.6 Total #REF! PIPE = private investment in public equity, OTC = over-the-counter Bloomberg New Energy Finance, UNEP
MAIN Figure 48 VC/PE new investment in renewable energy by stage, 2004-2016 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 VC early stage 0.2 0.3 0.6 1.3 1.9 0.7 1.0 0.8 0.8 0.3 0.2 0.5 0.7 VC late stage 0.2 0.3 0.6 0.8 1.4 0.9 1.7 1.8 1.7 0.6 0.8 1.0 0.4 PE expansion capital 0.3 1.0 3.1 3.5 6.9 3.1 5.5 2.4 1.7 1.4 1.8 1.9 2.2 Total 0.7 1.6 4.3 5.7 10.2 4.7 8.1 5.1 4.2 2.3 2.8 3.5 3.3 % Growth 118% 176% 32% 79% -54% 72% -37% -18% -46% 24% 23% -4% Buy-outs are not included as new investment. Total values include estimates for undisclosed deals Bloomberg New Energy Finance, UNEP
MAIN Figure 57 Acquisition transactions in renewable energy by type, 2004-2016 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 PE buy-outs 0.8 3.7 1.9 3.4 5.1 2.2 1.9 3.0 3.3 0.5 4.2 3.4 3.4 Public market investor exits 0.4 2.4 2.8 4.0 0.9 2.5 4.9 0.2 0.4 1.7 1.7 1.8 6.7 Corporate M&A 2.3 7.6 11.2 20.4 16.9 21.9 19.3 29.4 9.8 16.5 11.4 17.5 27.6 Asset acquisitions & refin. 6.3 12.6 19.9 30.9 36.4 37.6 32.7 40.3 53.1 47.4 69.2 71.3 72.7 Total 9.8 26.4 35.8 58.6 59.5 64.3 58.8 73.0 66.6 66.1 86.6 94.1 110.3 Total values include estimates for undisclosed deals. Bloomberg New Energy Finance