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Wind Power Finance and Investment. Steve Sawyer Secretary General Global Wind Energy Council. Brasil: vento, energia e investimento Sao Paulo 23 November 2007. Global New Investment in Clean Energy 2004 – 2007 (Preliminary 2007 figures; new money only). *. 25% Growth. 39% Growth.
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Wind Power Finance and Investment Steve Sawyer Secretary General Global Wind Energy Council Brasil: vento, energia e investimento Sao Paulo 23 November 2007
Global New Investment in Clean Energy 2004 – 2007(Preliminary 2007 figures; new money only) * 25% Growth 39% Growth 92% Growth Grossed-up estimate based on disclosed deals. New investment only. * 2007 estimate based on YTD Sept. Source: New Energy Finance
Global Asset Financing by Sector 2004 – 2007 Grossed-up estimate based on disclosed deals. Numbers in brackets refer to total deals. Includes new build & refinancings, excludes project acquisitions. *2007 = annualised YTD Source: New Energy Finance
Wilder Hill New Energy Finance Global Innovation Index (NEX), Jan 2003 to October 2007 The NEX consists of the world’s largest, most liquid and most representative clean energy stocks. 30 December 2002 = 100 Source: New Energy Finance, American Stock Exchange
Supporting Wind GrowthFeed-in Tariffs, Quotas and Tax Incentives Stimulate Leading Markets Feed in tariff Quota Quota + tax incentive Other Total MW Installed Through 2006 Notes: “Other” refers to countries that have no incentive for wind power production, or only tax exemptions and direct investment subsidies Source: Emerging Energy Research Feed-in tariff mechanisms have created the largest markets; however, the quota model with tax incentives has stimulated significant market growth
Supporting Wind GrowthPolicy Introduction Results USA: >4 GW after continuous PTC renewal Annual MW Installed China: >2 GW, 2 years after policy debut Mid-size European markets, <300 MW after policy launch Years After Policy Introduction Notes: Policy triggers include Germany EEG 2000, Spain Real Decreto 2818, USA PTC renewal 2004, India Electricity Act 2003, China RE Law Jan. 2006, Denamark Electricity Supply Act 1996, Italy Bersani Decree 1999/GC law 2003, UK RO 2002, Portugal Decree Law 339. 2007 MW installed based on EER forecasts. Source: Emerging Energy Research, governments. China’s Renewable Energy law debut ranks third worldwide in terms of annual MW added results.
Carbon Finance Total number of CDM projects Total number of CERs generated
For more information: Steve Sawyer +32 2 400 1030 steve.sawyer@gwec.net www.gwec.net