Investment in Renewable Energy Skyrockets

Global new investment in renewable energy skyrocketed to $358 billion in the first six months of 2023, a 22% rise compared to the start of last year and an all-time high for any six-month period. This is based on the latest investment data from Bloomberg NEF’s 2H 2023 Renewable Energy Investment Tracker report, published on August 21, 2023. Of this total, $335 billion was for project deployment through both asset finance and small-scale solar. This was 14% greater than in the first six months of 2022 and reflects the continuing acceleration of the energy transition as renewable energy scales up.

Renewable energy companies have also had success this year raising equity to support their growth and expansion. Venture capital and private equity expansion commitments to renewable energy companies reached $10.4 billion in 1H 2023, up 25% from 1H 2022. New equity raised on the public markets totalled $12.7 billion during the first six months of the year, up 25% from 1H 2022.

Source:

https://about.bnef.com/blog/renewable-energy-investment-hits-record-breaking-358-billion-in-1h-2023/