U.K.-based financial news service Clean Energy Pipeline reports cleantech energy project finance in the U.S. totaled $12.9 billion in the first three quarters of this year – a 34% decrease from the $19.4 billion recorded in the corresponding period in 2012.
The report forecasts that 2013 will be the lowest year for U.S. clean energy project finance since Clean Energy Pipeline began tracking this asset class in 2008.
On the bright side, the report notes U.S. clean energy companies secured $2.8 billion on the public markets in the first nine months of the year through a mixture of initial public offerings, secondaries and convertible notes, representing nearly four times the value secured in the corresponding period in 2012.
"Despite the downturn in project finance this year, it is important to remember that the U.S. remains the number-one destination for international investment and acquisitions in the clean energy sector," says Douglas Lloyd, CEO of Clean Energy Pipeline." This was the overwhelming view of over 850 investors who participated in a global survey we conducted earlier in May this year."
Other cleantech investment analysts have noted similar downward trends, with solar project investment outperforming other renewable energy sectors.
A copy of the Clean Energy Pipeline report can be downloaded here.