Results for: solar

September 5 2024

Urgent, Faster Scale-Up of Clean Technologies Presents Multi-Trillion-Dollar Opportunities for Decarbonization of India

•BloombergNEF’s New Energy Outlook: India details how the country can accelerate its decarbonization trajectory in line with the Paris Agreement commitment •Over $12 trillion in investment and spending is required for BNEF’s Net Zero Scenario, 34% more than the baseline Economic Transition Scenario •More than 4 terawatts of wind and solar capacity are installed by […]

September 4 2024

Texas Tug of War: Grid Juggles Solar Boom and Power-Hungry Data Centers

Texas is poised to become the leader in solar power capacity in the US by the end of the decade, as a tripling of installed capacity vaults it above California. But that record build could be eclipsed by the expected growth in power demand, driven by the electrification of oil and gas production, and rapid expansion of data centers.

September 4 2024

Faster Scale-Up of Clean Technologies Could Get China on Track for Net-Zero Emissions by 2050

•BloombergNEF’s New Energy Outlook: China outlines how the country can achieve its carbon neutrality target 10 years earlier than its current 2060 goal •China needs to target a drop of at least 43% in energy-related emissions by 2035 compared with 2005 to stay on track with the Paris Agreement goal, BNEF’s Net Zero Scenario shows […]

August 27 2024

Batteries Are the ‘Next Solar’ for Investors, Says KKR

Batteries are the next big green investment opportunity, the co-head of climate strategy at Kohlberg Kravis Roberts & Co., Emmanuel Lagarrigue, told BloombergNEF.

August 27 2024

3Q 2024 Global PV Market Outlook

The global PV industry is expected to install 592 gigawatts of modules this year, up 33% from the boom year of 2023. Low prices for modules are stimulating demand in new markets, but hurting manufacturers, who are competing intensely to maintain market share.

August 27 2024

Clean Electricity Breaks New Records; Renewables on Track for Another Strong Year: BloombergNEF

More than 40% of the world’s electricity came from zero-carbon sources for the first time in 2023; 14% from wind and solar Almost 91% of global net power capacity additions came from solar and wind in 2023 versus 6% from fossil fuels Renewable energy attracted $313 billion of new investment in the first half of […]

August 19 2024

EV Slowdown Countered by Energy Storage Boom

Battery manufacturers are having hard times this year. LG Energy Solutions and Samsung SDI recently posted falling quarterly revenues and profits, while Panasonic’s battery division missed its targets. Even the world’s largest battery maker, CATL, reported its first drop in quarterly profit earlier this year.

August 19 2024

Urgent Scale-Up of Clean Technologies Needed to Keep Australia on Net-Zero Trajectory

•BloombergNEF’s New Energy Outlook: Australia details how the country can still meet decarbonization targets and net-zero commitment by mid-century •$2.4 trillion investment and spending required for BNEF’s Net Zero Scenario, only 12% more than the baseline Economic Transition Scenario •290 gigawatts of wind and solar capacity installed by 2050, power demand grows 2.5-fold Sydney, 19 […]

August 6 2024

‘Big Bets’ in Energy Targeted by the Bezos’s $10 Billion Earth Fund

Set up by Amazon founder Jeff Bezos in 2020, the fund is focused on nature and climate challenges, and aims to give out all the $10 billion as grants by the end of the decade. Projects it is backing include the electrification of the entire US fleet of 480,000 school buses and bulk procurement of solar panels and batteries in Africa – both with partners.

July 9 2024

Not a Tomorrow Problem: Transition Hits Revenues Today

With the low-carbon transition now underway, incumbent firms face a tough choice: preserve short-term stability by sticking to existing business models or embark on a long capital-intensive transition to play catch-up with early movers.