BNEF

Chinese wind turbine makers continue to pace the global market, taking four of the top five spots in a ranking of the world’s top manufacturers of both onshore and offshore wind power equipment. Research from BloombergNEF (BNEF) published March 27 showed global wind power generation capacity additions hit a record 118 GW in 2023. BNEF’s […]

Global installations of energy storage systems will experience rapid growth this decade, resulting by the end of 2030 in gigawatt capacity more than 20 times larger than the amount online at the end of 2020. That’s according to a forecast from research company BloombergNEF (BNEF), which in a report released Nov. 15 said the huge […]

The coronavirus pandemic and resulting global economic slowdown curtailed some energy projects in 2020, but corporations worldwide still bought a record 23.7 GW of clean power through long-term purchase agreements. That’s according to research published Jan. 26 by BloombergNEF (BNEF). The group in its “1H 2021 Corporate Energy Market Outlook” said more than 130 companies, […]

Costs for wind and solar power systems have been declining for years thanks to technology improvements, economies of scale, and fierce competition in auctions. In the second half of 2019, the levelized cost of

Power industry analysts who’ve spoken with POWER agree there will be an impact to power load due to the COVID-19 pandemic, with the loss of much of the U.S. commercial and industrial demand for power, and certainly an uptick in the amount of demand from the residential sector as more people work from home, away […]

Financial support for installations of offshore wind projects helped investment in renewable energy capacity hit a record high in 2019, according to data from research company BloombergNEF (BNEF) released Jan. 16. The group said worldwide investment in renewables was $282.2 billion last year, up 1% from $280.2 billion in 2018. Financing of offshore wind projects, […]

A new report released July 31 details continued growth in global energy storage, driven by lower costs for lithium-ion batteries. Research company BloombergNEF (BNEF) in its latest forecast published Wednesday said energy storage installations worldwide will grow across the next two decades, from the 9 GW/17 GWh of capacity deployed as of last year, to […]

Investments in renewable energy projects slowed in the first half of 2019, primarily due to a 39% year-over-year drop in China, the world’s largest renewables market, according to data published July 10 by BloombergNEF (BNEF). BNEF said investments in China dropped to $28.8 billion, the lowest figure for any six-month period since 2013. China is […]

Game-changing companies from around the world recognized for their leadership in transformative technologies New York, March 25, 2019 – Ten innovative companies that are revolutionizing the energy, transport, and industrial sectors have been named as the 2019 New Energy Pioneers by BloombergNEF (BNEF). The winners are pursuing new opportunities in areas as diverse as EV […]

About half the world’s power will be generated by wind and solar resources by 2050. Generation from coal will drop more than 70% from today’s levels. That’s according to research from energy analysts published June 19 in the “New Energy Outlook 2018” (NEO) from Bloomberg New Energy Finance (BNEF). The NEO report outlines information from […]