Deep declines in wind, solar, and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). In its New Energy Outlook 2019 (NEO), BNEF sees these technologies ensuring that – at least until 2030 – the power sector contributes its…
BNEF: Developing nations leading in clean-energy deployment
Surging electricity demand, sinking technology costs, and innovative policy-making have allowed developing nations to seize the mantle of global clean energy leadership from wealthier countries, a comprehensive new study from BloombergNEF (BNEF) concludes. Between them, emerging market nations surveyed by BNEF’s annual Climatescope project accounted for the majorities of new clean-energy capacity added and new…
Onshore wind & solar lead as cheapest source of new bulk power, finds BNEF
Falling technology costs means unsubsidized solar and/or onshore wind are now the cheapest source of new bulk power in all major economies except Japan, according to BloombergNEF‘s (BNEF) new 2H 2018 LCOE report. The report assesses the cost competitiveness of different power generating and energy storage technologies globally (excluding subsidies). Every half year, BNEF runs its…