Unep Fs Globaltrends2015 Chartpack

8/16/2019 Unep Fs Globaltrends2015 Chartpack

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2 Global Trends in Renewable Energy Investment, 2015

GLOBAL NEW INVESTMENT IN RENEWABLE ENERGYBY ASSET CLASS, 2004 –14 ($BN)

Source: Bloomberg New Energy FinanceNote: *Asset finance volume adjusts for re-invested equity. Total values include estimates for undisclosed deals

62% 54% 37% 18% -2% 33% 18% -8% -10% 17%

45

73

112

154

182 178

237

279

256

232

270

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Corporate R&D

Government R&D

VC/PE

Public markets

Small distributed capacity

Asset finance*

Growth:


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GLOBAL NEW INVESTMENT IN RENEWABLE ENERGY:DEVELOPED VS. DEVELOPING, 2004 –14($BN)

Source: Bloomberg New Energy Finance;UNEP

Note: 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.

36

53

83

108

121113

162

190

149

135 139

920

29

46

61 66

75

89

10797

131

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Developed Developing


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GLOBAL NEW INVESTMENT IN RENEWABLE ENERGYBY SECTOR, 2014 AND GROWTH ON 2013 ($BN)


Note: New investment volume adjusts for re-invested equity. Total values include estimates for undisclosed deals.

110%

23%

-17%

-8%

-10%

11%

25%

0.4

3

5

5

8

99

150

Marine

Geothermal

Small hydro

Biofuels

Biomass & w-t-e

Wind

Solar

Growth:



VC/PE NEW INVESTMENT IN RENEWABLE ENERGY BYSECTOR, 2014 ($BN)


Note: VC/PE new investment excludes PE buy-outs. Total values include estimates for undisclosed deals.

Solar 1.6Biofuels

0.6

Wind0.3

Biomass& w-t-e

0.2

Marine

0.03

Small hydro0.01 Geothermal

n/a



PUBLIC MARKETS NEW INVESTMENT IN RENEWABLEENERGY BY SECTOR, 2014 ($BN)


Solar 8.3

Wind5.4

Biofuels0.8

Small Hydro0.4

Biomass & w-t-e0.1

Marine0.05

Geothermal0.01



ASSET FINANCE OF NEW-BUILD RENEWABLE ENERGY ASSETS BY SECTOR, 2014 ($BN)


Note: Small distributed solar is not included under asset finance. Total values include estimates for undisclosed deals.

Wind92.4

Solar 62.8

Biomass & w-t-e7.4

Small hydro

3.8

Geothermal2.4 Biofuels

1.7


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GLOBAL AVERAGE LEVELISED COST OF ELECTRICITYFOR WIND AND PV, Q3 2009 TO H1 2015, $ PER MWH

Source: Bloomberg New Energy FinanceNote: PV-c-Si stands for crystalline silicon photovoltaics

0

50

100

150

200

250

300

350

Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 H1 H2 H1 H2 H1

PV - thin film PV - c-Si PV - c-Si tracking Onshore wind Offshore wind

2009 20112010 2012 2013 2014 2015


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GLOBAL NEW INVESTMENT IN RENEWABLE ENERGYBY REGION, 2014 ($BN)


China83.3

Europe57.5

ASOC(excl. China &

India)43.3

United States35.8

AMER (excl. US &Brazil), 12.4

Middle East & Africa, 12.6

Brazil, 7.6

India, 7.4


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GLOBAL NEW INVESTMENT IN RENEWABLE ENERGYBY REGION, 2004 –14 ($BN)

Source: Bloomberg New Energy Finance;UNEPNote: New investment volume adjusts for re-invested equity. Total values include estimates for undisclosed deals.

5.4

11.6

29.133.0

35.1

24.3

35.1

50.0

38.236.0

38.3

'04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14

United States

0.8 3.1 5.2

11.812.1

7.9 7.710.1

7.23.9

7.6

'04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14

Brazil

1.7 3.3 3.9 5.0 5.8 5.8

12.29.210.2

12.214.8

'04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14

AMER (excl. US &Brazil)

3.08.2

11.116.6

25.7

39.538.7

49.1

62.8 62.6

83.3

'04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14

China

2.7 3.1 4.9 6.3 5.6 4.3

9.012.7

7.4 6.4 7.4

'04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14

India

7.29.210.012.5

13.613.719.3

24.1

30.5

44.748.7

'04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14

ASOC (excl. China

& India)

23.633.6

46.7

66.4

81.681.2

111.1120.7

89.6

57.357.5

'04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14

Europe

0.6 0.8 1.1 2.4 2.3 1.7 4.22.9

10.48.712.6

'04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14

Middle East & Africa


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RENEWABLE POWER GENERATION AND CAPACITY AS A PROPORTION OF GLOBAL POWER, 2007 –14 (%)

Source: Bloomberg New Energy Finance,EIA, IEA, UNEPNote: Renewable power excludes large hydro.

20%

27%

42%

32%

40%

49%

40%

48%

8% 8%

9% 10% 11%

13% 14% 15%

5.2% 5.3% 5.9% 6.1% 6.9%

7.8% 8.5% 9.1%

0%

10%

20%

30%

40%

50%

60%

2007 2008 2009 2010 2011 2012 2013 2014Renewables capacity change as a % of global power capacity change (net)

Renewable power as a % of global power capacity

Renewable power as a % of global power generation


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RENEWABLE POWER INVESTMENT VERSUS GROSSFOSSIL-FUEL POWER INVESTMENT, 2008-14 ($BN)

Source: Bloomberg New Energy Finance

0

50

100

150

200

250

300

350

2008 2009 2010 2011 2012 2013 2014

Fossil fuel ($bn)

Renewable power ($bn)

Note: Renewables figure excludes large hydro.


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INDEXED POWER SECTOR CO2 EMISSIONS, 2013-30,MILLION TONNES OF CO2

Source: Bloomberg New Energy Finance

0

20

40

60

80

100

120

140

160

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Europe US China


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ASSET FINANCE NEW INVESTMENT IN RENEWABLEENERGY BY REGION, 2004 –14 ($BN)


Note: Total values include estimates for undisclosed deals.

30.4

52.5

84.7

110.4

135.4

120.0

154.6

181.2

163.2154.6

170.7

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Middle East & Africa

India

Brazil

AMER (excl. US & Brazil)

ASOC (excl. China & India)

United States

China

Europe


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ASSET FINANCE NEW INVESTMENT IN RENEWABLEENERGY BY SECTOR, 2004 –14 ($BN)


Note: Total values include estimates for undisclosed deals.

30.4

52.5

84.7

110.4

135.4

120.0

154.6

181.2

163.2154.6

170.7

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Marine

GeothermalSmall hydro

Biofuels

Biomass & w-t-e

Solar

Wind


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SMALL DISTRIBUTED CAPACITY INVESTMENT,2004 –14 ($BN)

Source: Bloomberg New Energy Finance,various industry sources

Note: Represents investments in solar PV projects with capacities below 1MW.

8.6 10.3 9.514.1

22.3

33.4

62.2

76.1 78.8

54.9

73.5

21% -8% 49% 58% 50% 86% 22% 4% -30% 34%

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Growth:

PUBLIC MARKET NEW INVESTMENT IN RENEWABLE


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PUBLIC MARKET NEW INVESTMENT IN RENEWABLEENERGY BY STAGE, 2004 –14 ($BN)


Note: PIPE = private investment in public equity, OTC = over-the-counter

0.3

3.7

9.1

20.7

10.9

13.1

11.4

10.1

3.9

10.5

15.1

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

OTC

Convertible & other

Secondary & PIPE

IPO

VC/PE NEW INVESTMENT IN RENEWABLE ENERGY BY


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VC/PE NEW INVESTMENT IN RENEWABLE ENERGY BYSTAGE, 2004 –14 ($BN)

Source: Bloomberg New Energy Finance;UNEPNote: Buy-outs are not included as new investment. Total values include estimates for undisclosed deals.

130%171% 35% 75% -55% 26% -13% -18% -46% 27%

0.7

1.6

4.2

5.7

10.0

4.5

5.74.9

4.0

2.22.8

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

PE expansion capital

VC late stage

VC early stage

Growth:

ACQUISITION TRANSACTIONS IN RENEWABLE


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ACQUISITION TRANSACTIONS IN RENEWABLEENERGY BY TYPE, 2004 –14 ($BN)

Source: Bloomberg New Energy FinanceNote: Total values include estimates for undisclosed deals.

8.8

26.2

36.0

58.5 59.364.2

58.4

73.5

67.7 66.8 68.8

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

PE buy-outs

Public market investor exits

Corporate M&A

Asset acquisitions & refinancing


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For more information, contact:

Frankfurt School –

UNEPCollaborating Centre for Climate &Sustainable Energy Finance

Frankfurt School of Finance & ManagementSonnemannstrasse 9-1 160314 Frankfurt/ MainGermany

Tel: +49 69 154008-647

E-mail: [email protected]

www.unep.fr/energy/financewww.fs-unep-centre.org

Bloomberg New Energy FinanceBloomberg LPCity Gate House39-45 Finsbury SquareLondon EC2A 1PQemail: [email protected]

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Unep Fs Globaltrends2015 Chartpack