NEW YORK, NY--(Marketwire - Oct 11, 2012) - Recent data from Bloomberg New Energy Finance (BNEF) has showed that investment in clean energy projects may fall for the first time in eight years as the industry continues to struggle with excess capacity. The PowerShares Wilderhill Clean Energy Portfolio (PBW) -- which is designed to deliver capital appreciation through the selection of companies that focus on greener and generally renewable sources of energy and technologies that facilitate cleaner energy -- has fallen over 20 percent year-to-date. The Paragon Report examines investing opportunities in the Renewable Energy Industry and provides equity research on FuelCell Energy, Inc. (
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According to BNEF investment in renewable energy during the third quarter fell by 20 percent, when compared to a year ago, led by a decline in wind farm financing. Investment by the U.S. in the third quarter totaled $7.3 billion, a 28 percent sequential decline, and a 62 percent decline year-over-year.
"The location of some of the biggest projects financed in quarter three this year highlight the geographical shift that is taking place in clean energy, with established markets such as the U.S., Europe and China losing momentum while newer markets in South America, Asia and Africa pick up steam," said Michael Liebreich, CEO of New Energy Finance.
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FuelCell Energy manufactures ultra-clean stationary fuel cell power plants that generate electricity with up to twice the efficiency of conventional fossil fuel plants -- and with virtually no air pollution. The company was recently awarded a $6.0 million contract from the U.S. Department of Energy to continue development of stationary solid oxide fuel cell power plants.
Satcon Technology is a leading provider of utility-grade power conversion solutions for the renewable energy market, enabling the industry's most advanced, reliable, and proven clean energy alternatives. For more than 10 years, Satcon has designed and delivered advanced power conversion products that enable large-scale producers of renewable energy to convert the clean energy they produce into grid-connected efficient and reliable power.
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