Europe needs over USD 32trn of net-zero investment by 2050, states BNEF
Europe needs to invest greater than USD 32 trillion (EUR 29trn) in power as well as associated innovations in between currently as well as 2050 to change to a net-zero economic situation, according to a new report by BloombergNEF (BNEF).
May 15, 2023 // Markets & Finance News, Market Research, BNEF, Europe
Staggering Boom in Renewables Seen in United States by 2030, BNEF Predicts
Projects could produce enough energy to power 100 million homes Obstacles connecting to grids viewed as danger to development
Apr 25, 2023 // Markets & Finance News, USA, BNEF, North America
Africa renewable resource investment at 11-year low: study
Investment in renewable energy in Africa was up to its lowest level in greater than decade last year despite the continent's huge possibility, experts claimed Wednesday at the COP27 climate conference.
Nov 10, 2022 // Market Research, BNEF, Africa, COP27, Luiza Demoro
United States Homes Add Roof Solar at a Record Clip to Cut Power Bills
Residential panel installments will jump by 5.6 GW in 2022 Homes to add three times much more solar than commercial users
Aug 29, 2022 // Markets & Finance News, Rooftop PV, USA, BNEF, North America
Energy Dome wins BNEF Pioneers 2022 for CO2 battery long-duration energy storage space technology
Energy Dome's emission-free energy storage space technique utilizes carbon dioxide in a closed loop charge/discharge cycle that can store and also dispatch renewable resource onto the grid over durations from four to 1 day.
Apr 18, 2022 // Storage, BNEF, Italy, Europe, Claudio Spadacini, Energy Dome
Record 31.1 GW of corporate clean energy PPAs checked in 2021 amidst rise in activity from tech firms
A record 31.1 GW of clean energy was gotten by corporations through power purchase agreements (PPAs) last year, with innovation business once more the largest buyers, according to research firm BloombergNEF (BNEF).
Feb 2, 2022 // Markets & Finance News, PPAs, BNEF, Microsoft, Amazon, Vattenfall, BloombergNEF, AES, corporate offtaker, NextEra Energy, decarbonisation, corporate ppas, Orsted, meta
International renewables investment reaches brand-new high in 2021 but rapid ramp-up demand
Worldwide investment in renewables rose to new heights in 2021 as solar and wind implementation rose, but overall energy transition expenditure requires to triple in the coming years to jump on track for web zero.
Jan 28, 2022 // Markets & Finance News, BNEF, China, Asia, BloombergNEF, net zero, Matthias Kimmel, Albert Cheung
Senate passes anti-forced labour act banning imports from China's Xinjiang, President Joe Biden to sign into regulation
The senate has actually with one voice passed the bipartisan Uyghur Forced Labor Prevention Act (UFLPA) that will certainly ban the import of products from China's Xinjiang area right into the US unless importers can offer "clear and convincing evidence" they were not made with forced labour.
Dec 17, 2021 // Policy, USA, BNEF, China, Asia, North America, Roth Capital, Xinjiang, hoshine silicon industry, WRO, forced labour, Uyghur Forced Labour Prevention Act
Clean Energy Investments in Rich Nations Outpace Poorer Ones
Despite a record amount of investments internationally in solar farms, electrical vehicles and other low-carbon projects, less cash mosted likely to countries last year that have contributed the least to climate change.
Dec 15, 2021 // Markets & Finance News, BNEF, Luiza Demôro
Li-ion Battery Pack Prices to Fall Below $100/kWh by 2024: BNEF
Lithium-ion battery pack prices, which were above $1,200 per kilowatt-hour in 2010, have fallen 89% in real terms to $132/kWh in 2021. Proceeding cost decreases bode well for the future of electric vehicles, which rely on lithium-ion modern technology.
Dec 6, 2021 // Markets & Finance News, Storage, BNEF, BloombergNEF, lithium-ion battery, Kwasi Ampofo, James Frith
International storage market 'established for boom'
BNEF forecasts 358GW/1028GWh by the end of 2030 driven by the United States and China
Nov 15, 2021 // Storage, USA, BNEF, China, Europe, Asia, North America, GLOBAL
New-build solar less costly still, but short-term spot could be really felt in H2 2021-- BloombergNEF
The expense of structure and also operating brand-new utility-scale PV is now less expensive than running existing coal plants in China, India as well as throughout much of Europe. Yet, rising asset rates can see PV projects come to be momentarily much more expensive in the 2nd fifty percent of 2021, according to BloombergNEF analysis.
Jun 25, 2021 // Markets & Finance News, BNEF, India, China, LCOE, Asia, BloombergNEF
UNITED STATES to include every year 20 GW of large-scale solar ability over the next five years
The U.S. ended 2020 with record wind and also solar additions, defeating previous highs in all sectors, according to BloombergNEF's (BNEF) latest "1H 2021 U.S. Renewable Energy Market Outlook".
Apr 12, 2021 // Plants, Large-Scale, USA, BNEF, North America, Tara Narayanan, Tom Rowlands Rees
United States solar and also wind velocity 'not nearly enough' to satisfy Biden's environment targets
The United States' fleet of solar and wind generation capacity is readied to virtually triple over the next decade, but even this is not nearly enough to satisfy Head of state Biden's enthusiastic decarbonisation targets.
Apr 9, 2021 // Markets & Finance News, USA, BNEF, BloombergNEF, North America, Joe Biden, Solar ITC, itc extension
Solar set for 209GW rise in 2021
BNEF's overview projections 160-209GW of new PV capacity, up from 141GW integrated in 2020
Feb 23, 2021 // Markets & Finance News, USA, BNEF, North America