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Clean Energy Investment Drops 20% on Lower Wind Financing

Investment in renewable energy fell 20 percent from a year ago in the third quarter as wind farm financings dropped and the pace of spending eased in the U.S. and India, Bloomberg New Energy Finance said.

The $56.6 billion injected into clean energy projects in the third quarter was down 5 percent from the second quarter and indicates that investment may fall for the first time in eight years when figures for the whole of 2012 are tallied, the London-based researcher said in a statement today.