U.S. corporations bought 5.95 GW of clean energy in 2019, closing in on the 2018 total, according to BloombergNEF’s (BNEF) recently published, 2H 2019 Corporate Energy Market Outlook. The report shows that companies are once again flocking to Texas – historically the largest corporate procurement market in the country – where 40% of the activity…
BNEF: Energy storage investments boom as battery costs halve in next decade
Global energy storage installations will multiply exponentially, from a modest 9 GW / 17 GWh deployed as of 2018 to 1,095 GW / 2,850 GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). This 122-fold boom of stationary energy storage over the next two decades will require $662 billion of investment,…
Vestas gains impressive lead as top wind-turbine manufacturer
Developers commissioned a little over 45 GW of onshore wind turbines globally in 2018 compared with 47 GW a year earlier. Just four manufacturers accounted for more than half, or 57%, of the machines deployed: Denmark’s Vestas, China’s Goldwind, GE Renewable Energy of the U.S. and Spain’s Siemens Gamesa. The latest data from BloombergNEF (BNEF)…
New 2019 Factbook identifies key sustainable energy trends
The electricity sector continued to improve its carbon intensity in 2018 due to increased renewable energy and natural gas power generation and investments in energy efficiency, even as a stronger economy and volatile weather boosted energy demand and contributed to a rise in economy-wide carbon dioxide (CO₂) emissions. Consumers experienced near record low energy costs…
Corporate clean energy buying surge hit new record in 2018
Corporations bought a record amount of clean energy through power purchase agreements, or PPAs, in 2018, shattering the previous record set in 2017. Highlights included a wave of smaller corporate energy buyers aggregating their purchases, and the first corporate clean energy power purchase agreements (in markets such as Poland). BloombergNEF (BNEF) finds in its 1H 2019 Corporate…
Energy storage is a $620 billion investment opportunity to 2040, says BNEF
The tumbling cost of batteries is set to drive a boom in the installation of energy storage systems around the world in the years from now to 2040, according to the latest annual forecast from research company BloombergNEF (BNEF). The global energy storage market will grow to a cumulative 942 GW/2,857 GWh by 2040, attracting […]
Thanks to batteries, wind and solar could power half the world by 2050
Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 – on the back of precipitous reductions in cost, and the advent of cheaper and cheaper batteries that will enable electricity to be stored and discharged to meet shifts in demand and supply. Bloomberg NEF (BNEF)…
BNEF study shows 18% rise in competitiveness of onshore wind & solar
Coal and gas are facing a mounting threat to their position in the world’s electricity generation mix, as a result of the spectacular reductions in cost not just for wind and solar technologies, but also for batteries – according to research from Bloomberg New Energy Finance (BNEF). BNEF’s latest report on the levelized costs of…
Bloomberg New Energy Finance report has suggestions for the RE100 cities
• There are a variety of ways a company can meet its clean energy targets (73% of the clean energy purchases from RE100 companies as of 2016 came from the purchasing of unbundled certificates, or utility contracts that involve the purchasing of certificates).
Vestas holds lead in onshore wind but Siemens Gamesa narrows gap, says BNEF
Developers commissioned just under 47 GW of onshore wind turbines globally in 2017, with four manufacturers accounting for 53% of the machines deployed. The four were Denmark’s Vestas, Spain’s Siemens Gamesa, China’s Goldwind, and General Electric of the U.S. The latest authoritative figures from Bloomberg New Energy Finance (BNEF) show that Vestas – number one…
Key findings from the “2018 Sustainable Energy in America Factbook”
Bloomberg New Energy Finance (BNEF) and the Business Council for Sustainable Energy (BCSE) have released their 2018 Sustainable Energy in America Factbook, the result of a comprehensive review of energy statistics. Their findings? The rapid deployment of energy efficiency, natural gas, and renewable energy in 2017 generated economic benefits without requiring increases in energy consumption or greenhouse gas…
A 2018 Factbook looks at sustainable energy in America
The 2018 Factbook says the massive and historic transformation of the U.S. energy sector clicked into a higher gear in 2017, despite some new headwinds including policy uncertainties.
Corporations surpass record volume of clean power purchases in 2017
Corporations signed a record volume of power purchase agreements (PPAs), for green energy in 2017. Bloomberg New Energy Finance (BNEF) finds in a new report on global corporate procurement activity that the increase in activity was driven by sustainability initiatives and the increasing cost-competitiveness of renewables. A total of 5.4-GW of clean energy contracts were signed by…
Global storage market to double six times by 2030, says BNEF
The global energy storage market will double six times between 2016 and 2030, rising to a total of 125 gigawatts/305 gigawatt-hours. This is a similar trajectory to the remarkable expansion that the solar industry went through from 2000 to 2015, in which the share of photovoltaics as a percentage of total generation doubled seven times.…
Bright renewable energy future in UK & Germany to create new power systems & flexibility challenge
As wind and solar become the cheapest options for power generation, the race is on to develop and deploy the flexible resources that will complement them.
Market for digitalization in energy sector to grow to $64 billion by 2025
New energy innovations will be centered on digital technologies and the strategic use of data, according to new research from Bloomberg New Energy Finance (BNEF). A shift is coming in the energy industry from a focus on hardware to the increased importance of software to make systems more efficient, resilient, and digital. BNEF’s Digitalization of…
BNEF: Mapping renewable curtailment & coal asset risk in China
According to Bloomberg New Energy Finance (BNEF), China’s national power system will face serious challenges in the next few years. BNEF found that the country’s power market was oversupplied by 35% at the end of 2016, due to over investment in new generation capacity. China’s renewable power generators face the worst curtailment rates in the…
2017 Sustainable Energy in America, a book of stats
The 2017 Sustainable Energy in America Factbook marks the fifth year that BCSE and BNEF have collaborated to document the transformation of the U.S.
Sentient Science named “New Energy Pioneer” selected from global competition
Bloomberg New Energy Finance recently awarded Sentient Science Corporation with the “New Energy Pioneers Award” at the Future of Energy Summit 2016.
Bloomberg New Energy Finance provides several guides to COP21
Bloomberg New Energy Finance will be providing expert, in-depth coverage of the COP21 Climate Change conference in Paris.