Solar power was once so costly it only made economic sense in spaceships. But Bloomberg New Energy Finance says it is now becoming so cheap, it will start pushing coal and natural gas plants out of business by 2040. Bloomberg New Energy Finance’s Kobad Bhavnagri discusses the findings on “Bloomberg Daybreak: Asia.” (Source: Bloomberg)
BNEF’s Bhavnagri on Renewables Outcompeting Coal on Cost
BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.
Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
Sign up for our free weekly newsletter →