Those factors reduced the need for new renewable energy capacity, giving the government the upper hand in negotiations over the price it will allow for power purchase agreements. The result was that worldwide, clean energy investment fell to its lowest in three years in the third quarter, according to BNEF data. Those trends help explain why clean energy shares have under-performed the broader stock market so far this year even as companies reported record sales. The WilderHill New Energy Global Innovation Index has fallen 5.7% this year, while the MSCI World Index has advanced 2.7%. It would add 30% to wind and solar capacity this year, the fastest growth since 2005, according to BNEF.

Source: The Edge Markets November 01, 2016 06:15 UTC