London and New York, June 18, 2019 – Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). In its New Energy Outlook 2019 (NEO), BNEF sees these technologies ensuring that – at least until 2030 – the power sector contributes its share toward keeping global temperatures from rising more than 2 degrees Celsius.
New York and London, January 29, 2018 – Corporations bought a record amount of clean energy through power purchase agreements, or PPAs, in 2018, shattering the previous record set in 2017. Highlights included a wave of smaller corporate energy buyers aggregating their purchases, and the first corporate clean energy power purchase agreements in markets such as Poland.
Solar commitments declined 24% in dollar terms even though there was record new photovoltaic capacity added, breaking 100GW barrier for the first time
LONDON and NEW YORK, January 17, 2019 /3BL Media/– Global clean energy investment totaled $332.1 billion in 2018, down 8% on 2017. Last year was the fifth in a row in which investment exceeded the $300 billion mark, according to authoritative figures from research company BloombergNEF (BNEF).
The supply of cobalt has emerged as a potential risk to the pace of growth in electrified transport over the next few years
London and New York, May 21, 2018 – The electrification of road transport will move into top gear in the second half of the 2020s, thanks to tumbling battery costs and larger-scale manufacturing, with sales of electric cars racing to 28%, and those of electric buses to 84%, of their respective global markets by 2030.
On Monday afternoon, Michael Bloomberg, the billionaire businessman and former three-term Mayor of New York City, escaped to a deserted ballroom at the Grand Hyatt, in midtown Manhattan, to talk about climate change. Moments earlier, he had announced to attendees of the Bloomberg New Energy Finance summit that his philanthropic organization was partnering with the Canadian and British governments to expedite the global eradication of coal mining.
New initiative will support national, regional, and local governments working to reduce reliance on coal power
April 19, 2018 /3BL Media/ - On April 9, Bloomberg Philanthropies and the Powering Past Coal Alliance announced a new partnership to develop research and case studies in support of national, regional, and local governments around the world who have committed to or are considering phasing out coal from their energy portfolios.
As part of the Future of Energy APAC Summit 2017 hosted by Bloomberg New Energy Finance (BNEF), CLP Group Chief Operating Officer Mr Derek Parkin shared his perspective on new utility business models in a panel discussionwith Enel Green Power’s Head of Business Development in Asia Pacific Mr Gu-Yoon Chung and AutoGrid Systems’ Chief Executive Officer Dr Amit Narayan.
January 16, 2018 /3BL Media/ - An extraordinary boom in photovoltaic installations made 2017 a record year for China’s investment in clean energy. This over-shadowed changes elsewhere, including jumps in investment in Australia and Mexico, and declines in Japan, the U.K. and Germany.
December 6, 2017 /3BL Media/ - Bloomberg New Energy Finannce (BNEF) released its annual Climatescope findings, assessing 71 countries in emerging markets on their progress made toward the clean energy transition. Solar capacity jumped by more than half in developing nations.
Climatescope tracks the conditions for clean energy investment on and off the grid and provides a wealth of publicly-available information.
Digital technologies for fossil fuel operation and maintenance are big business today, but activity is shifting towards services for distributed renewables and the connected home
November 8, 2017 /3BL Media/ - Digitalization in the energy sector is shifting towards services for distributed renewables and the connected home and away from technologies for fossil fuel operation and maintenance today as per new research released by Bloomberg New Energy Finance. The market for digitalization is set to grow to $64bn by 2025.