Bloomberg New Energy Finance
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BNEF: Renewables to Provide Nearly Half of Global Power Capacity by 2040
The dramatic collapse in renewable energy costs is showing no sign of abating, according to the latest report from Bloomberg New Energy Finance (BNEF). The influential analyst firm yesterday published its annual New Energy Outlook (NEO) Report, setting out its…
The World Economic Forum Focus on Climate Change
The World Economic Forum is devoting 15 sessions of its 2017 annual meeting to climate change, and nine more to clean energy – the most ever on the issues. It reflects how much is at stake. For global business leaders,…
Solar Power Becoming World’s Cheapest Form of Electricity Production, Analysts Say
Solar power is becoming the cheapest way to generate electricity, according to leading analysts. Data produced by Bloomberg New Energy Finance (BNEF) showed the cost of solar in 58 lower-income countries – including China, Brazil and India – had fallen…
China to Cut Solar & Wind Tariffs as Costs Continue to Fall
China’s price regulator announced this week that it will cut tariffs paid to solar and wind projects in order to reflect the continuing decline in project costs. Bloomberg New Energy Finance communicated news from China’s national price regulator and economic…
Wind Cheapest Power Source in Argentina Renewable Auction
Wind was the cheapest source of energy in Argentina’s first power auction after the country implemented reforms designed to transform its fossil fuel – dependent grid. The minimum price for wind power reached $49.10/MWh in the auction, Sebastian Kind, undersecretary…
Asian Firms Offer Record Low Bid for UAE Solar Plant
An Asian consortium, comprising JinkoSolar Holding of China and Marubeni Corporation of Japan, made the lowest bid for a 350 megawatt solar photovoltaic (PV) independent power project in Abu Dhabi, UAE, said a report. The record-low bid of 2.42 cents…