Global Corporations Buy Record 7.2GW of Clean Energy So Far This Year

So far this year, global corporations have purchased 7.2GW of clean energy. New statistics released by Bloomberg New Energy Finance (BNEF) show this has already surpassed last year’s record of 5.4GW. Around 60% of 2018’s renewable procurement to date has come from the US, totalling 4.2GW – Facebook has been …

BNEF Predicts Mexico To Add 24 Terawatt-Hours Of Clean Energy By 2022

Bloomberg New Energy Finance has predicted that Mexico’s recent reforms to the corporate power market and the introduction of clean energy certificates will result in an addition 24 terawatt-hours of clean energy by 2022. Writing on Monday, Bloomberg New Energy Finance (BNEF) highlighted Mexico’s impending increase in clean energy, referring …

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 Future Belongs to Clean Energy

As we close out a summer marked by uncertainty in news and events, one trend for which analysts voice increasing certainty is the accelerating pace of the clean-energy transformation reshaping how the world generates electricity. With increasing speed, global energy markets are turning away from fossil fuels and towards wind …

China Ratchets Down Green-Energy Growth for First Time ever

Over the past few years, China has made a major push to reduce carbon emissions by encouraging use of green technologies. Thanks to generous government incentives and fleet purchases, it is now the world’s largest market for plug-in electric cars. Construction of new solar and wind farms has also proceeded …