Renewable Energy Funds See Record $1.4B Outflows in Q3 as High Rates, Inflation Crush Sector

Renewable energy funds saw record $1.4 billion outflows in Q3 2022, reversing inflows in H1 2022. Total assets now $65.4 billion, down 23%.

Renewables share prices plummeted over 30% in past 3 months as high interest rates and inflation hurt profitability.

Oil/gas funds also saw outflows but at slower rate than renewables.

High costs, supply chain issues, and cheap Chinese imports hurting European renewable companies.

Major offshore wind projects in UK, Netherlands, Norway facing delays or cancellation, threatening renewable energy targets.