GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 1 / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / / /
GLOBAL TRENDS IN
CLEAN ENERGY
INVESTMENT
INVESTMENT IN RENEWABLE ENERGY AND ENERGY SMART
TECHNOLOGIES DROPS 11% IN 2013
15 JANUARY 2014
FACT PACK AS AT Q4 2013
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 2 / / / /
CONTENTS
1. Annual clean energy investment overview
2. Quarterly trends in clean energy: new investment
3. Quarterly trends in clean energy: funds in circulation
4. Clean energy indexes
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 3 / / / /
+2
+15
+14 +2+13
46 -2
+133
+16
+60 254
+58 312312
VC Corp RD&D Gov R&D PE Public markets new equity
Total company investment
Re-invested Renewable energy AF
Digital energy & storage AF
SDC Total investment
M&A/buy-outs etc.
Total transactions
CLEAN ENERGY INVESTMENT TYPES & FLOWS 2013 ($BN)
Source: Bloomberg New Energy Finance
Note: Total values include estimates for undisclosed deals. AF = asset finance,
SDC = small distributed capacity.
VC Corp
RD&D
Gov
R&D
PE Public
markets
new equity
Total
company
investment
Re-invested
equity
Renewable
energy
AF
SDC Total new
investment
M&A/
Buy-outs
etc.
Total
transactions
Technology
development
Equipment
manufacturing/
scale-up
Projects
Asset and company
mergers, acquisitions,
refinancing, buy-outs
etc.
Digital
energy &
storage AF
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 4 / / / /
$55bn
$80bn
$116bn
$167bn
$195bn$196bn
$262bn
$318bn$286bn
$254bn
46%
45%
44%
17%
0.6%
34%
21%-10%
-11%
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
NEW INVESTMENT IN CLEAN ENERGY 2004–13 ($BN)
Source: Bloomberg New Energy Finance
Note: Total values include estimates for undisclosed deals. Includes corporate and government R&D,
and spending for digital energy and energy storage projects (not reported in quarterly statistics).
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 5 / / / /
$24bn $35bn $45bn$70bn
$82bn $84bn
$115bn $127bn$106bn
$68bn$13bn
$23bn
$42bn
$58bn
$63bn $50bn
$68bn
$88bn
$71bn
$66bn
$18bn
$22bn
$29bn
$39bn
$49bn $62bn
$78bn
$103bn
$109bn
$121bn
46%
45%
44%
17%
0.6%
34%
21%-10%
-11%
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
EMEA AMER ASOC
NEW INVESTMENT IN CLEAN ENERGY BY REGION 2004–13 ($BN)
Source: Bloomberg New Energy Finance
Note: Total values include estimates for undisclosed deals. Includes corporate and government R&D,
and spending for digital energy and energy storage projects (not reported in quarterly statistics).
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 6 / / / /
CONTENTS
1. Annual clean energy investment overview
2. Quarterly trends in clean energy: new investment
3. Quarterly trends in clean energy: funds in circulation
4. Clean energy indexes
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 7 / / / /
8.9 8.8 8.19.8
11.8
17.1
13.8
19.1 19.7
21.821.8
33.9
27.330.5
36.7
50.7
34.8
47.2
42.343.4
27.1
47.745.6
43.0
47.3
52.7
57.5
66.1
57.3
78.0
74.1
65.0
53.4
69.6
58.3
62.1
43.6
58.3
49.1
58.1
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 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Four quarter running average
NEW INVESTMENT IN CLEAN ENERGY Q1 2004–Q4 2013 ($BN)
Source: Bloomberg New Energy Finance
Note: Total values include estimates for undisclosed deals. Excludes corporate and government R&D,
and spending for digital energy and energy storage projects (reported in annual statistics only).
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 8 / / / /
8.9 8.8 8.19.8
11.8
17.1
13.8
19.119.7
21.821.8
33.9
27.330.5
36.7
50.7
34.8
47.2
42.343.4
27.1
47.745.6
43.0
47.3
52.7
57.5
66.1
57.3
78.0
74.1
65.0
53.4
69.6
58.3
62.1
43.6
58.3
49.1
58.1
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
EMEA AMER ASOC
NEW INVESTMENT IN CLEAN ENERGY BY REGION Q1 2004–Q4 2013 ($BN)
Source: Bloomberg New Energy Finance
Note: Total values include estimates for undisclosed deals. Excludes corporate and government R&D,
and spending for digital energy and energy storage projects (reported in annual statistics only).
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 9 / / / /
4.14.8
3.95.1 5.6
8.46.8
7.7 7.2
9.87.1
14.0
9.2
13.313.9
24.3
12.9
19.219.7
19.4
11.1
24.8
20.417.1
21.721.9
27.928.6
26.2
32.2
27.5
25.7
21.4
23.1
17.8
21.2
15.8
9.510.7
9.9
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 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Four quarter running average
NEW INVESTMENT IN CLEAN ENERGY IN EUROPE Q1 2004–Q4 2013 ($BN)
Source: Bloomberg New Energy Finance
Note: Total values include estimates for undisclosed deals. Excludes corporate and government R&D,
and spending for digital energy and energy storage projects (reported in annual statistics only).
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 10 / / / /
1.4 1.50.9
1.72.4
4.1
1.93.5
6.1 6.16.7
10.0
7.6 7.1
9.5
11.8
10.311.1
8.17.4
3.2
8.7
6.45.2
6.4
9.2
7.5
12.9
6.2
17.3
20.4
11.1
9.5
15.3
8.17.4
4.1
10.4
6.2
16.0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Four quarter running average
NEW INVESTMENT IN CLEAN ENERGY IN THE US Q1 2004–Q4 2013 ($BN)
Source: Bloomberg New Energy Finance
Note: Total values include estimates for undisclosed deals. Excludes corporate and government R&D,
and spending for digital energy and energy storage projects (reported in annual statistics only).
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 11 / / / /
0.5 0.2 0.5 0.6 0.91.6
0.71.9 1.6 1.8
3.0 2.8 3.0 3.3
5.3
3.2 3.7
7.36.4 6.6 6.7 7.2
10.2
11.7
7.0
10.310.8
8.4
11.0
14.312.9
12.2
10.0
18.4
15.813.8
8.4
16.615.5
13.7
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 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Four quarter running average
NEW INVESTMENT IN CLEAN ENERGY IN CHINA Q1 2004–Q4 2013 ($BN)
Source: Bloomberg New Energy Finance
Note: Total values include estimates for undisclosed deals. Excludes corporate and government R&D,
and spending for digital energy and energy storage projects (reported in annual statistics only).
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 12 / / / /
8.9 8.8 8.19.8
11.8
17.1
13.8
19.119.7
21.821.8
33.9
27.330.5
36.7
50.7
34.8
47.2
42.343.4
27.1
47.745.6
43.0
47.3
52.7
57.5
66.1
57.3
78.0
74.1
65.0
53.4
69.6
58.3
62.1
43.6
58.3
49.1
58.1
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Wind Solar Biofuels Other
NEW INVESTMENT IN CLEAN ENERGY BY SECTOR Q1 2004–Q4 2013 ($BN)
Source: Bloomberg New Energy Finance
Note: Total values include estimates for undisclosed deals. Excludes corporate and government R&D,
and spending for digital energy and energy storage projects (reported in annual statistics only).
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 13 / / / /
8.9 8.8 8.19.8
11.8
17.1
13.8
19.119.7
21.821.8
33.9
27.330.5
36.7
50.7
34.8
47.2
42.343.4
27.1
47.745.6
43.0
47.3
52.7
57.5
66.1
57.3
78.0
74.1
65.0
53.4
69.6
58.3
62.1
43.6
58.3
49.1
58.1
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 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Asset finance* Public markets VC/PE Small distributed capacity
NEW INVESTMENT IN CLEAN ENERGY BY ASSET CLASS Q1 2004–Q4 2013 ($BN)
Source: Bloomberg New Energy Finance
Note: Total values include estimates for undisclosed deals. Excludes corporate and government R&D,
and spending for digital energy and energy storage projects (reported in annual statistics only).
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 14 / / / /
0.2 0.10.040.4 0.8 1.0 0.7
2.61.8
4.2
1.3
3.3 3.44.34.0
13.7
1.6
7.0
2.8
1.10.4
4.84.1
5.8
1.4
3.2 3.7
5.5
4.6 4.9
1.51.1 0.9
1.4 1.80.6 1.2
4.1
2.2
5.4
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Four quarter running average
PUBLIC MARKET NEW INVESTMENT IN CLEAN ENERGY Q1 2004–Q4 2013 ($BN)
Source: Bloomberg New Energy Finance
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 15 / / / /
TOP PUBLIC MARKET TRANSACTIONS OF THE QUARTER Q4 2013
Source: Bloomberg New Energy Finance
ORGANISATION STOCK EXCHANGE SECTOR TYPE OF
TRANSACTION
NEW
EQUITY
RAISED
TOTAL
OFFERING
SIZE
SunEdison Inc* New York Stock Exchange
(NYSE) Solar Convertible $1200m $1200m
Darling International Inc New York Stock Exchange
(NYSE) Biofuels Secondary $874m $874m
China Everbright International
Ltd
Hong Kong Stock Exchange
(HKEX) Biomass & Waste Secondary $472.5m $472.5m
Foresight Solar Fund LTD London Stock Exchange Solar IPO $242.1m $242.1m
SolarCity Corp NASDAQ Global Select
Market (GS) Solar Convertible $230m $230m
*SunEdison Inc issued two convertible bonds of $600m each with different terms on 20th December 2013
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 16 / / / /
0.20.6 0.3 0.3 0.6 0.7 0.4 0.7 1.1 1.5 1.8
1.22.1
1.5 1.82.6 2.4
3.14.1
2.6
1.3
1.8 2.2
1.4
2.8 2.71.6 1.8 2.0 2.4 2.1 1.9 1.8 1.9
1.21.4 1.61.2 0.70.9
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Four quarter running average
VC/PE NEW INVESTMENT IN CLEAN ENERGY Q1 2004–Q4 2013 ($BN)
Source: Bloomberg New Energy Finance Note: Total values include estimates for undisclosed deals
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 17 / / / /
TOP VC/PE TRANSACTIONS OF THE QUARTER Q4 2013
Source: Bloomberg New Energy Finance
ORGANISATION COUNTRY SECTOR TYPE OF TRANSACTION VALUE
Ogin Inc/dupe United States Wind PE - Expansion capital $55m
Intelligent Energy Ltd United Kingdom Fuel Cells PE - Expansion capital $51.6m
Gaelectric Holdings PLC Ireland Wind PE - Expansion capital $49m
Asteri Energia SA Brazil Services & Support
(Clean Energy) VC - Series A / First round $44.3m
Achates Power Inc United States Advanced
Transportation VC - Series C / Third round $35.2m
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 18 / / / /
6.4 5.9 5.66.9
8.0
12.9
10.1
13.214.7
13.9
16.7
27.1
19.5
22.0
27.8
31.6
25.9
32.531.2
34.7
17.5
33.231.1
28.129.2
33.1
37.9
44.0
32.0
52.551.8
44.0
30.8
46.7
35.8
43.6
26.1
38.5
31.4
37.3
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Four quarter running average
ASSET FINANCING FOR NEW BUILD RENEWABLE ENERGY
ASSETS, Q1 2004–Q4 2013 ($BN)
Source: Bloomberg New Energy Finance
Note: Total values include estimates for undisclosed deals. Excludes spending for digital energy and
energy storage projects (reported in annual statistics only).
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 19 / / / /
TOP ASSET FINANCE TRANSACTIONS OF THE QUARTER Q4 2013
Source: Bloomberg New Energy Finance
PROJECT NAME COUNTRY SECTOR TYPE OF
TRANSACTION CAPACITY VALUE
Eskom Upington STEG Plant South Africa Solar-Thermal Term loan 100MW $818m
Longyuan Jiangsu Dafeng
Offshore Wind Farm China Wind-Offshore Balance Sheet 200MW $569.61m
Tucannon River Wind Farm United States Wind-Onshore Balance Sheet 266.8MW $535m
Baffin Wind Farm United States Wind-Onshore Balance Sheet 202MW $400m
ICE Las Pailas II Geothermal
Project Costa Rica
Geothermal-
Conventional Term loan 55MW $346.57m
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 20 / / / /
CONTENTS
1. Annual clean energy investment overview
2. Quarterly trends in clean energy: new investment
3. Quarterly trends in clean energy: funds in circulation
4. Clean energy indexes
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 21 / / / /
3.0 3.3
1.6
4.0 4.5
8.47.1
12.6
8.7
11.0
5.6
14.2
10.1
15.0
17.7
21.9
18.7
12.0
14.5
16.8
12.6
17.9
15.7
19.8
16.8
11.5
14.8
18.8
12.8
17.4
30.3
20.1
18.0
12.5
10.6
22.5
15.915.5
13.1
13.5
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Four quarter running average
FUNDS IN CIRCULATION IN CLEAN ENERGY Q1 2004–Q4 2013 ($BN)
Source: Bloomberg New Energy Finance
Note: This includes asset acquisitions & refinancing, corporate M&A, public market investor exits and
private equity buy-outs. Total values include estimates for undisclosed deals
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 22 / / / /
TOP TRANSACTIONS FOR FUNDS IN CIRCULATION Q4 2013
Source: Bloomberg New Energy Finance
ORGANISATION COUNTRY SECTOR TYPE OF
TRANSACTION ACQUIRER VALUE
TenneT Holding BV German
Offshore Wind Farm Transmission
Portfolio Refinancing
Germany Wind-
Transmission Asset-refinancing - $685m
Greater Gabbard Offshore Wind
Farm Transmission Facilities
Belfour AMP and Equitix
Acquisition
United Kingdom Wind-
Transmission Asset-acquisition
Balfour Beatty Capital
Ltd, Equitix Ltd, AMP
Capital Investors Ltd
$571.8m
Infinis UK Wind Portfolio
Refinancing United Kingdom Wind-Onshore Asset-refinancing - $500.62m
Collgar Wind Farm Refinancing Australia Wind-Onshore Asset-refinancing - $418.2m
Infinis Energy Plc United Kingdom Wind-Onshore IPO-investor exit - $382.2m
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 23 / / / /
1.2 1.0 0.92.1
1.4
5.6
2.0
4.5 4.93.6
2.7
3.8 3.84.9
7.3
9.4
7.9
3.2
5.6
3.5
5.5
3.1
6.2
8.17.2
3.64.4
5.9
3.0
7.3
17.2
8.5
4.5
2.1 1.92.5
4.53.8 3.1
1.7
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Four quarter running average
CORPORATE M&A TRANSACTIONS IN CLEAN ENERGY Q1 2004–Q4 2013 ($BN)
Source: Bloomberg New Energy Finance Note: Total values include estimates for undisclosed deals
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 24 / / / /
1.4 1.70.6
1.5 1.7 1.5
2.8
6.5
3.4 4.0
2.3
8.9
3.7
7.1
8.7
10.710.1
6.36.9
11.4
6.9
12.7
8.6 9.6
8.27.1
9.18.5 8.6
9.6
11.510.6
12.4
9.38.3
18.9
10.9
8.79.4
10.9
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 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Four quarter running average
RENEWABLE ENERGY ASSET ACQUISITIONS &
REFINANCING, Q1 2004–Q4 2013 ($BN)
Source: Bloomberg New Energy Finance Note: Total values include estimates for undisclosed deals
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 25 / / / /
CONTENTS
1. Annual clean energy investment overview
2. Quarterly trends in clean energy: new investment
3. Quarterly trends in clean energy: funds in circulation
4. Clean energy indexes
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 26 / / / /
Source: Bloomberg New Energy Finance
NEX CLEAN ENERGY INDEX 2003 – 2014 YTD
S&P 500
NASDAQ
NEX
Note: Values as of 06 January 2014; NASDAQ and S&P 500 rebased to 100 on 01 Jan 2003
0
100
200
300
400
500
Jan 03 Jan 05 Jan 07 Jan 09 Jan 11 Jan 13 Jan 15
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 27 / / / /
Source: Bloomberg New Energy Finance
NEX CLEAN ENERGY INDEX 2011 – 2014 YTD
S&P 500
NASDAQ
NEX
Note: Values as of 06 January 2014; NASDAQ and S&P 500 rebased to 100 on 01 Jan 2011
0
20
40
60
80
100
120
140
160
180
200
Jan 11 Jul 11 Jan 12 Jul 12 Jan 13 Jul 13 Jan 14 Jul 14
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 28 / / / /
NEX CLEAN ENERGY INDEX 2013 – 2014 YTD
Source: Bloomberg New Energy Finance
S&P 500
NASDAQ
NEX
40
60
80
100
120
140
160
180
200
Jan 13 Apr 13 Jul 13 Oct 13 Jan 14 Apr 14
Note: Values as of 06 January 2014; NASDAQ and S&P 500 rebased to 100 on 01 Jan 2013
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 29 / / / /
0
500
1,000
1,500
2,000
2,500
3,000
Dec 05 Dec 06 Dec 07 Dec 08 Dec 09 Dec 10 Dec 11 Dec 12 Dec 13
NYSE BNEF REGIONAL CLEAN ENERGY INDEXES 2006–14 YTD
Source: NYSE; Bloomberg New Energy Finance Note: Values as of 13 January 2014; rebased to 1000 on 30 December 2005
0
500
1,000
1,500
2,000
2,500
3,000
Dec 05 Sep 06 Jun 07 Mar 08 Dec 08 Sep 09 Jun 10 Mar 11 Dec 11 Sep 12
NYSE BNEFAMER Index
NYSE BNEFASOC Index
NYSE BNEFEMEA Index
MSCI World &Emerging
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 30 / / / /
NYSE GLOBAL CLEAN ENERGY SECTOR INDEXES 2006–14 YTD
Source: NYSE; Bloomberg New Energy Finance Note: Values as of 13 January 2014; rebased to 1000 on 30 December 2005
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
Dec 05 Sep 06 Jun 07 Mar 08 Dec 08 Sep 09 Jun 10 Mar 11 Dec 11 Sep 12
NYSE BNEFWind Index
NYSE BNEFSolar Index
NYSE BNEFEST Index
MSCI World &Emerging
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
Dec 05 Dec 06 Dec 07 Dec 08 Dec 09 Dec 10 Dec 11 Dec 12 Dec 13
GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 31 / / / /
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GLOBAL TRENDS IN CLEAN ENERGY INVESTMENT, 15 JANUARY 2014 32 / / / /
• For further information please contact:
CONTACTS
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Chief Editor (UK)
+44 (0)20 3216 4795
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Head of Americas (US)
+1 202 416 3466
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Data Analyst (UK)
+44 (0)20 3216 4653
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Data Analyst (UK)
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Subscription-based news, data
and analysis to support your
decisions in clean energy, power
and water and the carbon markets
MARKETS Renewable Energy
Carbon Markets
Energy Smart Technologies
Renewable Energy Certificates
Carbon Capture & Storage
Power
Water
Nuclear
SERVICES Insight: research, analysis & forecasting
Industry Intelligence: data & analytics
News & Briefing: daily, weekly & monthly
Applied Research: custom research & data mining
Knowledge Services: Summit, Leadership Forums, Executive Briefings &
workshops
GLOBAL TRENDS IN CLEAN
ENERGY INVESTMENT