Solar and Wind Reach 67% of New Power Capacity Added Globally in 2019, while Fossil Fuels Slide to 25%
Photovoltaics by far the world’s leading power-generating technology installed in 2019; 45% of capacity added was solar with one third of all countries making it their top choice New York and São Paulo, September 1, 2020 – Photovoltaics (PV) dominated as the main new power-generating technology source added to grids in dozens of countries […]
Global Gas Industry Set to Resume Growth Post-Pandemic, Adopt Low-Carbon Technologies for Long-Term Growth
Covid-19 will reduce gas use in 2020, but recovery will be underpinned by favourable economics, widening access and a longer-term drive towards emissions reductions, including a role for hydrogen and other green gas technologies. The full report is available here. London, Barcelona, and Milan, August 6, 2020 – After growing by more than 2% […]
Ten Innovative Companies Named as 2020 BNEF Pioneers
Game-changing companies recognized for their leadership in transformative technologies New York, July 14, 2020 – Ten early-stage companies have been named as the 2020 BNEF Pioneers. The winners are pursuing some of the most exciting opportunities in areas as diverse as advanced materials, distributed energy, industrial digitalization, intelligent mobility, metals, satellites, and energy […]
Colossal Six Months for Offshore Wind Support Renewable Energy Investment in First Half of 2020
Global investment in new renewables capacity rose 5% in 1H 2020, defying Covid-19 recession London and New York, July 13, 2020 – Renewable energy capacity investment showed great resilience in the first half of 2020, in the face of the unprecedented economic shock caused by the coronavirus, according to the latest figures from […]
New Report Reveals Economic Path to a Rapid Coal Phase-out in Europe
“Investing in the Recovery and Transition of Europe’s Coal Regions” report from BloombergNEF and Bloomberg Philanthropies shows potential for Bulgaria, Czechia, Poland and Romania to move off coal power, grow economies, and play a leading role in Europe’s green recovery Read the full report here. Brussels and New York, July 6, 2020 – Today, Bloomberg […]
Solar Mini-grids Set to Play Critical Role in Achieving Universal Electricity Access with Right Policy Support
BNEF and SEforALL research for the Mini-Grids Partnership identified 5,544 installed mini-grids in Sub-Saharan Africa, Asia and small island nations, with some in Latin America. The estimated cost of electricity is $0.49-0.68/kWh for isolated solar hybrid mini-grids for productive-use customers and households. 111 million households could be served by mini-grids in Sub-Saharan Africa, Asia and […]
New Report Presents India’s Clean Energy Progress as a Model for Cleaner Economic Growth and Recovery Following Covid-19
“India’s Clean Power Revolution” report by BloombergNEF and Bloomberg Philanthropies shows how India has become a thriving clean energy market, and how it can achieve its renewable power target of 450GW by 2030, the most ambitious in the world Read the full report here. New York and New Delhi, June 26, 2020 — […]
Falling Clean Energy Costs Can Provide Opportunity to Boost Climate Action in COVID-19 Recovery Packages
184 GW of clean power capacity added in 2019, a 20 GW jump from 164 GW added in 2018 This new capacity delivered with almost the same investment as 2018 – USD 282.2 billion – demonstrating falling costs 826 GW of new non-hydro renewable power planned by 2030, at likely cost of around USD […]
Electric Vehicle Sales to Fall 18% in 2020 but Long-term Prospects Remain Undimmed
EVs more resilient as overall car market expected to shrink by 23% in response to health and economic crisis London and New York, May 19, 2020 – Sales of electric passenger vehicles are forecast to fall 18% in 2020, to 1.7 million worldwide – with the coronavirus crisis interrupting ten successive years of […]
Scale-up of Solar and Wind Puts Existing Coal, Gas at Risk
Solar, wind and batteries see dramatic gains in competitiveness over the last six months compared to longer-established energy options London and New York, April 28, 2020 – Solar PV and onshore wind are now the cheapest sources of new-build generation for at least two-thirds of the global population. Those two-thirds live in locations […]