Unep Fs Globaltrends2015 Chartpack
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Transcript of Unep Fs Globaltrends2015 Chartpack
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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 ($BN)
Source: Bloomberg New Energy FinanceNote: *Asset finance volume adjusts for re-invested equity. Total values include estimates for undisclosed deals
62% 54% 37% 18% -2% 33% 18% -8% -10% 17%
45
73
112
154
182 178
237
279
256
232
270
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Corporate R&D
Government R&D
VC/PE
Public markets
Small distributed capacity
Asset finance*
Growth:
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4 Global Trends in Renewable Energy Investment, 2015
GLOBAL NEW INVESTMENT IN RENEWABLE ENERGY:DEVELOPED VS. DEVELOPING, 2004 –14($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 ($BN)
Source: Bloomberg New Energy Finance;UNEP
Note: New investment volume adjusts for re-invested equity. Total values include estimates for undisclosed deals.
110%
23%
-17%
-8%
-10%
11%
25%
0.4
3
5
5
8
99
150
Marine
Geothermal
Small hydro
Biofuels
Biomass & w-t-e
Wind
Solar
Growth:
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VC/PE NEW INVESTMENT IN RENEWABLE ENERGY BYSECTOR, 2014 ($BN)
Source: Bloomberg New Energy Finance;UNEP
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
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PUBLIC MARKETS NEW INVESTMENT IN RENEWABLEENERGY BY SECTOR, 2014 ($BN)
Source: Bloomberg New Energy Finance;UNEP
Solar 8.3
Wind5.4
Biofuels0.8
Small Hydro0.4
Biomass & w-t-e0.1
Marine0.05
Geothermal0.01
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ASSET FINANCE OF NEW-BUILD RENEWABLE ENERGY ASSETS BY SECTOR, 2014 ($BN)
Source: Bloomberg New Energy Finance;UNEP
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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9 Global Trends in Renewable Energy Investment, 2015
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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10 Global Trends in Renewable Energy Investment, 2015
GLOBAL NEW INVESTMENT IN RENEWABLE ENERGYBY REGION, 2014 ($BN)
Source: Bloomberg New Energy Finance;UNEP
China83.3
Europe57.5
ASOC(excl. China &
India)43.3
United States35.8
AMER (excl. US &Brazil), 12.4
Middle East & Africa, 12.6
Brazil, 7.6
India, 7.4
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11 Global Trends in Renewable Energy Investment, 2015
GLOBAL NEW INVESTMENT IN RENEWABLE ENERGYBY REGION, 2004 –14 ($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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12 Global Trends in Renewable Energy Investment, 2015
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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13 Global Trends in Renewable Energy Investment, 2015
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 ($bn)
Note: Renewables figure excludes large hydro.
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14 Global Trends in Renewable Energy Investment, 2015
INDEXED POWER SECTOR CO2 EMISSIONS, 2013-30,MILLION TONNES OF CO2
Source: Bloomberg New Energy Finance
0
20
40
60
80
100
120
140
160
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Europe US China
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15 Global Trends in Renewable Energy Investment, 2015
ASSET FINANCE NEW INVESTMENT IN RENEWABLEENERGY BY REGION, 2004 –14 ($BN)
Source: Bloomberg New Energy Finance;UNEP
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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16 Global Trends in Renewable Energy Investment, 2015
ASSET FINANCE NEW INVESTMENT IN RENEWABLEENERGY BY SECTOR, 2004 –14 ($BN)
Source: Bloomberg New Energy Finance;UNEP
Note: Total values include estimates for undisclosed deals.
30.4
52.5
84.7
110.4
135.4
120.0
154.6
181.2
163.2154.6
170.7
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Marine
GeothermalSmall hydro
Biofuels
Biomass & w-t-e
Solar
Wind
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17 Global Trends in Renewable Energy Investment, 2015
SMALL DISTRIBUTED CAPACITY INVESTMENT,2004 –14 ($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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18 Global Trends in Renewable Energy Investment, 2015
PUBLIC MARKET NEW INVESTMENT IN RENEWABLEENERGY BY STAGE, 2004 –14 ($BN)
Source: Bloomberg New Energy Finance;UNEP
Note: PIPE = private investment in public equity, OTC = over-the-counter
0.3
3.7
9.1
20.7
10.9
13.1
11.4
10.1
3.9
10.5
15.1
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
OTC
Convertible & other
Secondary & PIPE
IPO
VC/PE NEW INVESTMENT IN RENEWABLE ENERGY BY
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19 Global Trends in Renewable Energy Investment, 2015
VC/PE NEW INVESTMENT IN RENEWABLE ENERGY BYSTAGE, 2004 –14 ($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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20 Global Trends in Renewable Energy Investment, 2015
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]