New Analysis Provides Comprehensive Review of Clean Energy Growth in a Pandemic Year
Offshore wind installs to increase year-on-year from 2024 / Global installations to peak in 2030 at 28.5GW
BloombergNEF’s annual Climatescope survey illustrates investors’ pre-pandemic appetite for clean energy in developing markets; Chile finishes atop the market ranking
Photovoltaics by far the world’s leading power-generating technology installed in 2019; 45% of capacity added was solar with one third of all countries making it their top choice
Global investment in new renewables capacity rose 5% in 1H 2020, defying Covid-19 recession
“Investing in the Recovery and Transition of Europe’s Coal Regions” report from BloombergNEF and Bloomberg Philanthropies shows potential for Bulgaria, Czechia, Poland and Romania to move off coal power, grow economies, and play a leading role in Europe’s green recovery
“India’s Clean Power Revolution” report by BloombergNEF and Bloomberg Philanthropies shows how India has become a thriving clean energy market, and how it can achieve its renewable power target of 450GW by 2030, the most ambitious in the world
184 GW of clean power capacity added in 2019, a 20 GW jump from 164 GW added in 2018 / This new capacity delivered with almost the same investment as 2018 – USD 282.2 billion – demonstrating falling costs / 826 GW of new non-hydro renewable power planned by 2030, at likely cost of around USD 1 trillion. This is less than the 1,200 GW added in past decade and far short of what is needed for Paris Agreement
Solar, wind and batteries see dramatic gains in competitiveness over the last six months compared to longer-established energy options
New BNEF report presents results of a corporate power purchase agreement pricing survey, de-mystifying fair PPA price ranges in Europe
Use of clean hydrogen can help address the toughest third of global greenhouse gas emissions by 2050, but only if net-zero emission goals and policies are set
Corporations bought a record amount of clean energy through power purchase agreements, or PPAs, in 2019, up more than 40% from the previous year’s record.
Climatescope 2019 profiles 104 emerging markets worldwide and evaluates their ability to attract capital for low-carbon energy sources while building a greener economy. For the first time since BloombergNEF began the Climatescope survey, India tops the rankings. The Asian nation is followed in the top five by Chile, Brazil, China and Kenya.
The decade of investment (2010-2019) quadruples renewables capacity from 414 GW to about 1,650 GW / Solar capacity alone will have risen to more than 26 times the 2009 level — from 25 GW to an estimated 663 GW / 2018 capacity investment reached USD 272.9 billion, triple the investment in fossil fuel generation / Renewables generated 12.9 per cent of global electricity in 2018, avoiding 2 billion tonnes of carbon dioxide emissions
Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF).
The first half of 2019 saw a 39% slowdown in renewable energy investment in the world’s biggest market, China, to $28.8 billion, the lowest figure for any half-year period since 2013, according to the latest figures from BloombergNEF (BNEF).
Both technologies have seen spectacular gains in cost-competitiveness in the last year
It's a small decline by 3% compared with 47 GW in 2017, but growth is expected to bounce back in 2019, with a 32% jump to 60GW
It's been a record year - again: Corporate clean energy buying surged to 13.4 gigawatts, more than doubling 2017’s total.
Clean energy investment exceeded $300 billion once again in 2018, but there were contrasts between different types of renewable energy
New forms of flexibility key to an affordable, renewables-led power system.
BNEF has significantly increased its forecast for global deployment of behind-the-meter and grid-scale batteries over coming decades.
Bloomberg NEF data indicate that the world has attained the landmark figure of 1TW of wind and solar generation capacity installed. We estimate that the second terawatt of wind and solar will arrive by mid-2023 and cost 46% less than the first.
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