BNEF

The US renewables market got over headwinds in 2020 to post record deployment figures as well as proceed a decade-long growth pattern, a joint report from BloombergNEF (BNEF) as well as the Business Council for Sustainable Energy (BCSE) has actually exposed.

Solid-state battery growth varies by automaker. Cell energy density can increase by 45% with solid-state.

As high as 194GW of solar PV could be set up worldwide this year, new estimates by BloombergNEF have actually anticipated, with the asset course leading a jump in energy transition financial investments throughout 2020.

BNEF's analysis shows worldwide investment in new renewables capacity totaled up to $303.5 bn in 2020.

Lithium-ion battery pack costs, which were above $1,100 per kilowatt-hour in 2010, have actually dropped 89% in actual terms to $137/kWh in 2020. By 2023, average costs will certainly be close to $100/kWh, according to the current projection from research company BloombergNEF (BNEF).

Tianqi's Kwinana lithium refinery has actually been postponed to 2022. Ganfeng to appoint 50,000 tons hydroxide plant in 2020.

Getting capacity from solar projects in establishing economic climates got to 325GW in 2019, with China as well as India the greatest arising markets for tidy power financial investment, according to new findings from BloombergNEF (BNEF).

Sungrow has actually once again been ranked "100% bankable" by BNEF based on its most current study of PV Module & Inverter Bankability 2020. The company has likewise finished delivery for South Korea's biggest crossbreed plant.

Investment in new solar ability fell in the initial fifty percent of 2020 by 12% year-on-year to US$ 54.7 billion as the COVID-19 pandemic hit both project funding and also set up public auctions.

A brand-new report released the other day (July 1), State of The Global Mini-Grids Market Report 2020 has actually dug deeply into the present, prospective, and also barriers to more development of mini-grids worldwide. For its research study and also conclusions, the report focused on mini-grids in Sub-Saharan Africa, Asia, and little island countries.

As COVID-19 hits the fossil fuel industry, a new record shows that renewable energy is a lot more economical than ever before-- giving a possibility to prioritize tidy energy in economic healing bundles and bring the world closer to meeting the objectives of the Paris Agreement.

Morocco is to hold a tender to agreement another major batch of solar PV across the country, as part of wider efforts to release 3GW of renewables in between 2020 and 2030.

A bustling US and a slumping China offered a contrasting picture of solar investment during a year when the global industry laid the foundations of a subsidy-free shift