Global Clean Energy Investment Dropped in 2009 Amid Financial Crisis, Report Says

WASHINGTON, D.C.—New investment in solar and wind power and other forms of clean energy fell 6.5 percent worldwide in 2009, but funding from the U.S. stimulus bill is expected to buoy the sector in 2010, research company Bloomberg New Energy Finance said Jan. 7.

New investment fell to $145 billion in 2009 from $155 billion in 2008 as frozen credit markets during the financial crisis made new projects hard to finance, according to an analysis released by the company.

But clean energy funding contained in the $787 billion American Recovery and Reinvestment Act (Pub. L. No. 111-5) is expected to ...