Solar, Wind Provide Almost 50% of Electricity Globally by 2050, says Report Updated On Sat, Jul 7th, 2018 by Saurenergy The report further added that, “By 2050, we expect only 29 percent of the electricity production worldwide to result from burning fossil fuels, down from 63 percent today.” The solar and wind technology will account for almost half of the total electricity globally, according to the Bloomberg New Energy Finance (BNEF). Of this, hydro, nuclear […] Read more
World to Get 50% Electricity from Wind and Solar by 2050, says BNEF Report Updated On Wed, Jun 20th, 2018 by Saurenergy “We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses,” said Seb Henbest, Head of Europe, Middle East and Africa for BNEF and lead author of NEO 2018. The world will generate half of the power generation […] Read more
Fossil Fuels Dominance Shrank on Renewables’ Cost Reduction, Says BNEF Updated On Thu, Mar 29th, 2018 by Saurenergy The report on the levelized cost of electricity (LCOE) for all the leading technologies states that fossil fuel power is facing an unprecedented challenge in all the three roles it performs in the energy mix – supply of ‘bulk generation’, supply of ‘dispatchable generation’, and provision of ‘flexibility’. After significant reduction in the cost of wind, solar […] Read more
Rooftop Solar Presents a $23 Billion Opportunity in India: Report Updated On Thu, Nov 30th, 2017 by Saurenergy Rooftop solar in India will grow inevitably with or without the support of power distribution utilities According to a new report released by Bloomberg New Energy Finance (BNEF), India’s 40-GW target for rooftop solar PV by 2022 represents a $23 billion investment opportunity. The report titled, ‘Accelerating India’s Clean Energy Transition,’ which was released at […] Read more
Market for Digitalization in Energy Sector to Grow to $64Bn by 2025 Updated On Wed, Nov 8th, 2017 by Saurenergy 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. New energy innovations will be centered on digital technologies and the strategic use of data, according to new research published today. A shift is coming in the energy industry from […] Read more
New Technologies Projected to Make Renewable Energy Sources More Affordable Updated On Wed, Nov 8th, 2017 by Saurenergy According to a research by Bloomberg New Energy Finance (BNEF), significant advances continue to work their way through the Solar industry. An important technological development is expected to make renewable energy more affordable. BNEF pointed out the introduction of diamond wire saws to slice multicrystalline silicon ingots into wafers can reduce the amount of […] Read more
Efforts to Address Climate through Clean Energy Lag in Emerging Markets Updated On Tue, Nov 7th, 2017 by Saurenergy Two years post-Paris, Climatescope research from Bloomberg New Energy Finance highlights slowing investment from OECD countries and limited policy-making follow-through in non-OECD nations. Two years since the signing of the Paris climate agreement and eight years after Copenhagen, countries on both sides of the rich-poor divide are falling short on promises made to address climate […] Read more
Trina Solar Rated Top Bankable Module Supplier by BNEF Updated On Mon, Sep 18th, 2017 by Saurenergy After having obtained the top spot in the previous 2016 report, Trina Solar has now once again been rated bankable by 100% of the banks, EPCs, consultants and industry experts participating in the BNEF survey. Trina Solar has announced that it has received a top rating in the latest module bankability report, published by Bloomberg […] Read more
Renewable Energy Will Be Reaching 49 percent in India by 2040: BNEF Updated On Mon, Jun 19th, 2017 by Saurenergy “Wind and solar energy account for 48 percent of installed capacity and 34 percent of electricity generation world-wide by 2040. This is compared with just 12 percent and 5 percent today. Installed solar capacity increases 14-fold and wind capacity fourfold by 2040. We anticipate renewable energy reaching 74 percent penetration in Germany, 38 percent in […] Read more
