After record clean energy investment in 2011, Q1 2012 down 22% YoY.

Bloomberg NEF: “After clocking up a record in 2011, new financial investment in clean energy in first quarter of 2012 was the weakest since the depths of the financial crisis in Q1 2009: down 28% from Q4 2011 to just $27bn; it was 22% lower than the equivalent figure in the first quarter of last year. ….The largest projects financed in Europe in Q1 – in the face of a difficult market for bank lending following last autumn’s euro area crisis – were the 150MW Monsson Pantelina wind farm in Romania at $317m, and the 60.4MW SunEdison Karadzhalovo solar PV plant in Bulgaria at $248m. ….Michael Liebreich said: “The outlook for investment in the remainder of the year remains difficult. …continuing improvements in the sector’s economics mean that companies which survive these next few years, whether on the industry’s supply or demand side, will be extremely well positioned for the next growth phase.” / In 2011, overall clean energy investment, including the “financial new investment” measure calculated quarterly but also annually-calculated totals for government and corporate research and development and small-scale projects such as rooftop solar, was a record $263bn. This compares to 2010’s total of $247bn and just $54bn back in 2004.”