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 projections for the global clean energy market through to 2040. …

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, it’s not just a question of burnishing their green credentials, …

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 planner, which on Monday announced it would reduce the amount …

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 for renewable energy, told reporters in Buenos Aires Friday. Solar …

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 a kilowatt-hour for power was the cheapest ever for solar …