Energy storage has already begun to unlock the full potential of wind and solar energy, and it’s happening faster than almost anyone anticipated. It is a must for the transition to a low-carbon society. Simply put, energy storage evens out what is otherwise intermittent electricity generation, meaning that solar canContinue Reading
Bloomberg New Energy Finance (BNEF) data indicate that the world has attained the landmark figure of 1 terawatt (TW) of wind and solar generation capacity installed. It also estimates that the second terawatt of wind and solar will arrive by mid-2023 and will cost 46% less than the first. LookingContinue Reading
According to a report by Bloomberg New Energy Finance (BNEF), adoption of electric vehicles (EV) in India has been hamstrung by uncertain policy support mechanisms, lack of access to reliable charging service, unreliable power supply and inability of discoms to invest in charging stations due to poor financial health. It is onlyContinue Reading
Bloomberg New Energy Finance (BNEF) report predicts that wind and solar is expected to grow to almost 50% by 2050 and coal will shrink to 11% of global electricity generation plus batteries will increase in popularity as prices will fall. Specifically, BNEF predicts that lithium-ion battery prices — which haveContinue Reading
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 to about a third of levels in 2010 and wasContinue Reading
Vestas topped the wind turbine supplier charts in 2017, according to preliminary data from consultancy FTI Intelligence. The Danish manufacturer was boosted by a wide geographic diversification strategy and strong performance in the US, FTI said. Siemens Gamesa came in second, mainly due to the merger between Siemens Wind PowerContinue Reading
Clean energy investments in India dropped 20 per cent to $11 billion last year according to Bloomberg New Energy Finance (BNEF) report. However in China where investment in all clean energy technologies increased to $132.6 billion, up 24 per cent from 2016. After China, the next biggest investing country wasContinue Reading
According to Bloomberg New Energy Finance (BNEF) installations of solar rooftop panels in India have been doubling every year for the past few years and have increased more than three times in the financial year ended March 2017. In the next five years, India will need to invest USD 23Continue Reading
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