Results for: solar

November 11 2024

Headwinds in Largest Energy Storage Markets Won’t Deter Growth

It will be another record year for energy storage installations globally, but the two largest markets – China and US – may face challenges next year due to targets already being met in one and election-outcome related uncertainty in the other.

October 31 2024

Strong US Clean Energy Growth to Continue Despite Election Headwinds

The US is on track to see over 25% growth in annual clean energy installations this year, according to BloombergNEF’s 2H 2024 US Clean Energy Market Outlook. BNEF expects the US to hit an all-time high of 65 gigawatts of new solar, wind and energy storage additions this year despite persistent structural hurdles like permitting and grid connections. Annual clean energy installations are set to average 102GW over the next 11 years – quadruple the 26GW averaged over the past 11 years – in BNEF’s base case view. 

October 31 2024

Readying the Global Power Grid for Net Zero

The world’s power grids need a lot of money – and a lot of new mileage – to be on track for net zero. nnual grid investment reaches $811 billion by 2030 in BloombergNEF’s Net Zero Scenario, driven by rapid growth rates in clean power, electric vehicles, and other low-carbon technologies. That’s  nearly three times as much as the flowed into the sector last year.

October 31 2024

South Korea’s Green Transition Hinges on Expanding Clean Power and Developing Carbon Capture and Storage: BloombergNEF

BNEF’s New Energy Outlook: South Korea indicates that decarbonizing electricity supply is key to the country staying on track with the Paris Agreement’s goals this decade More than $2.7 trillion in investment and spending is required by 2050 in a net-zero pathway, 37% more than in an economics-led transition Solar and wind capacity needs to […]

October 16 2024

Asia Pacific Needs Greater Public-Private Commitment and US$88.7 Trillion in Investments to Stay on Track for Paris Agreement

Singapore, October 16, 2024 – Asia Pacific (APAC) should accelerate the deployment of mature technologies, support emerging climate solutions, and scale up finance for the energy transition to stay on track for the Paris Agreement, according to Asia Pacific’s Energy Transition Outlook, a report from BloombergNEF (BNEF) published in collaboration with GenZero. This latest report, […]

September 30 2024

$2.2 Trillion in Investment Over 10 Years Can Put Japan on a Trajectory to Net-Zero, BloombergNEF’s New Energy Outlook: Japan Shows

Tokyo, September 30, 2024 – Japan will need investment of about ¥320 trillion ($2.2 trillion) over the next decade if it is to stay on course to reach net-zero by 2050, according to BloombergNEF’s (BNEF’s) New Energy Outlook: Japan, a follow-up to the research provider’s New Energy Outlook 2024 released in May. The new report […]

September 25 2024

BloombergNEF: US Falling Behind on its Climate Goals; Faster Adoption of Low-Carbon Technologies Needed to Get it on Track

• US set to cut just 22% of its emissions by 2030 at its current pace of decarbonization, rather than the 50% required to be on track to meet its Paris Agreement goals • Net zero in the US by 2050 requires 20% more investment than what’s seen in BNEF’s base case • Electrification emerges […]

September 24 2024

Renewables Off Pace for Global Tripling, but the Goal Is Still Within Reach

● Following a record $623 billion being invested in renewables in 2023, BNEF estimates this must climb to an average of $1 trillion per year (in 2023 dollars) between 2024 and 2030. ● An average of $193 billion per year is also required for battery storage over this period and $607 billion for electricity grids. […]

September 23 2024

Africa’s Renewables Targets Will be Hard to Achieve Despite a Doubling of Investment, BloombergNEF’s Latest Report Finds

23 September 2024, LONDON – The African Union has committed to bring 300 gigawatts of renewables online by 2030 – more than quadruple the 72 gigawatts the continent had last year – in order to reach its decarbonization and energy access goals. The Africa Power Transition Factbook 2024, produced by BloombergNEF (BNEF) with support from […]

September 18 2024

Brazil Has a $1.3 Trillion Opportunity in Low-Carbon Energy Supply Investments, According to BloombergNEF

18 September 2024, London – As this year’s G-20 President and the host of COP30 in 2025, Brazil has a historic opportunity to lead the global transition to a low-carbon economy. Yet meeting the country’s large-scale ambitions will require significant investment in multiple technology pathways, BloombergNEF (BNEF) finds in its first Brazil Transition Factbook. According to […]