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Tag: BloombergNEF
Wind, Solar Reached Record Contribution of 10 Percent in 2021
The world’s wind and solar projects combined to meet more than a tenth of global electricity demand for the first time in 2021, according...
New Onshore Wind Project Costs Increased 7 Percent from 2021 to 2022
The latest BloombergNEF (BNEF) analysis shows the cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%....
Nearly 100 GW of Wind Brought Online, Offshore Wind Up 161 Percent in 2021
The wind industry posted another record for new commissioned capacity in 2021, as total additions fell just short of 100 GW for the second...
BNEF: U.S., China at Forefront of Wind Market’s Record-Setting Year
In a record-setting year, the wind market commissioned nearly 100 GW of new build in 2020. Undeterred by the coronavirus pandemic, installations grew 59%...
World Invests Record Amount in Decarbonization Efforts
The world has committed a record $501.3 billion to decarbonization in 2020, beating the previous year by 9% despite the economic disruption caused by...
Despite Odds, Offshore Wind Had ‘Colossal Six Months’
Renewable energy capacity investment showed great resilience in the first half of the year despite the unprecedented economic shock caused by the coronavirus, according...
BNEF: Onshore Wind is Cheapest Source of New-Build Generation
Solar PV and onshore wind are now the cheapest sources of new-build generation for at least two-thirds of the global population. Those two-thirds live...
Bloomberg: Wind-Produced Hydrogen Could Significantly Lower GHGs
The falling cost of making hydrogen from wind and solar power offers a promising route to cutting emissions in some of the most fossil...