Results for: solar

June 15 2017

Natural Gas Is King of America’s Power Mix, for Now

Natural gas is the king of the U.S. power market – but that may not last. By 2040, renewable energy resources such as wind and solar power will supply just as much of America’s electricity demand as gas, based on a Bloomberg New Energy Finance outlook issued Thursday. And globally, the cost of renewable power is […]

June 15 2017

China, India Seen as $4 Trillion Opportunity for Energy by 2040

China and India will be the biggest recipients for new investment in power-generating capacity by 2040, representing a $4 trillion opportunity for the energy sector. China will require $2.8 trillion of spending for 2,547 gigawatts of new capacity, while India needs $1.2 trillion, according to a Bloomberg New Energy Finance outlook forecasting how energy markets […]

June 15 2017

Rooftop Solar Boom Set to Spread Worldwide as Costs Plunge

G’day indeed! By 2040, rooftop solar panels will supply about one-quarter of Australia’s electricity as declining costs and ample sunlight make photovoltaics the continent’s cheapest source of energy. In Brazil, as much as 20 percent of the nation’s power will come from panels on residential rooftops, and Germany will get 15 percent from these small […]

June 15 2017

Global wind and solar costs to fall even faster, while coal fades even in China and India

This year’s forecast from BNEF sees solar energy costs dropping a further 66% by 2040, and onshore wind by 47%, with renewables undercutting the majority of existing fossil power stations by 2030. London and New York, 15 June 2017 – Renewable energy sources such as solar and wind are set to take almost three quarters […]

June 15 2017

Solar Power Will Kill Coal Faster Than You Think

By Jess Shankleman and Hayley Warren Solar power, once so costly it only made economic sense in spaceships, is becoming cheap enough that it will push coal and even natural-gas plants out of business faster than previously forecast. That’s the conclusion of a Bloomberg New Energy Finance outlook for how fuel and electricity markets will evolve by 2040. […]

June 15 2017

This Case Could Upend America’s $29 Billion Solar Industry

Ten years ago an engineering professor at Georgia Tech started a company outside Atlanta with the hope of manufacturing solar panels in America. And for a while it worked. The company, Suniva, grew into one of the largest panel makers in the U.S., with 350 employees. But it was always dwarfed by rivals in Asia, […]

June 15 2017

Indian Coal Power Growth May Stall as Dirty Plants Seen Shut

India’s coal-fired power capacity may hardly grow over the next decade despite plans to build new plants as older facilities that can’t meet new environmental guidelines face closure. The nation may need to scrap about 40 gigawatts of thermal capacity that can’t be modernized to meet emission targets, according to Central Electricity Authority Chairman Ravindra Kumar Verma. […]

June 15 2017

Britain’s Century-Old Sewer Network Seen as Source of Green Heat

The U.K.’s sewer system, built in the 19th century to halt cholera epidemics, may play a role in tackling climate change as it unfolds as the environmental crisis of the next 100 years. Some of the pipes in Britain’s 624,000-kilometer (388,000 miles) sanitation network can get as warm as 21 degrees Celsius (70 degrees Fahrenheit). […]

June 13 2017

Adelson’s Sands Joins Casinos in Fight Against Clean-Energy Bill

Billionaire Sheldon Adelson’s casino company is making a push against a Nevada plan to boost wind and solar power. Adelson’s Las Vegas Sands Corp. and much of the rest of the casino industry are opposing a bill sitting on Republican Governor Brian Sandoval’s desk that would increase the generation of renewable energy in the state. The […]

June 13 2017

Apple Issues a Second Green Bond to Finance Clean Energy

Apple Inc., which issued the biggest green bond ever sold by a U.S. corporation last year to finance projects fighting global warming, is doing it again. On Tuesday, the iPhone maker issued a $1 billion green bond to fund renewable energy generation. It builds on $1.5 billion worth of bonds the Cupertino, California-based company sold […]