bnef

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Global Offshore Wind Supply Chain Expansion Hinges on $27 Billion Investment by 2026

To achieve a fivefold increase in annual offshore wind installations (excluding China) by 2030, the global supply chain will need a secured investment of $27 billion by...

August 18, 2023

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Gautamee Hazarika

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Markets & Policy

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Wind
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US Offshore Wind Industry Faces Rising Costs and Regulatory Headwinds: BNEF

The U.S. offshore wind industry is facing a host of challenges, with rising costs, permitting delays, and grid connection hurdles, all contributing to low returns for...

August 4, 2023

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Gautamee Hazarika

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Markets & Policy

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Wind
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Indonesia Capitalizes on the Rising Cobalt Demand for EVs: Report

After surpassing Australia last year to become the world’s second-largest cobalt producer, trailing behind the Democratic Republic of Congo, Indonesia’s...

June 20, 2023

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Gautamee Hazarika

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Electric Vehicles

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Other

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Renewable Energy
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Daily News Wrap-Up: Consumer to Pay 20% Lower Electricity Tariff During Solar Hours

The Ministry of Power, in a recent amendment to the Electricity (Rights of Consumers) Rules, 2020, has directed state commissions to ensure the tariff for solar hours...

June 20, 2023

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Mercom India

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Daily Wrap-up
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Offshore Wind Reaches Cost Parity with Coal Fueled by China’s Thriving Market: Report

Over the past six months, new-build offshore wind and storage project costs have experienced 2% and 12% reductions, respectively, according to BloombergNEF (BNEF)....

June 19, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Electric Vehicle Fleet to Hit 700 Million by 2040: BNEF

The number of electric vehicles (EV) is set to exceed 100 million by 2026 and reach 700 million by 2040, according to the latest report by BloombergNEF (BNEF). These...

June 9, 2023

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Electric Vehicle Chargers Spending to Hit $200 Billion by 2026: BNEF

Total investment in electric vehicle chargers is set to cross $100 billion in 2023, and the next $100 billion of spending is expected to be achieved within the next...

February 1, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Low-Carbon Energy Tech Investment Exceeds $1 Trillion for First Time Globally

Investments in the low-carbon energy transition have accounted for a record-breaking $1.1 trillion in 2022 and have reached parity with capital deployed for fossil fuel...

January 27, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Search for Clean Energy Sources Needs $45.8 Trillion Investments by 2050

The search for clean and secure sources of low-carbon power — including fossil fuel-fitted with carbon capture technology — may present as much as a $45.8 trillion...

January 20, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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Lithium-ion Battery Prices Rise for First Time Since 2010 to $151/kWh

After declining steadily since 2010, average prices for lithium-ion battery packs across all sectors have risen to $151/kWh in 2022, a 7% rise from the year before, a...

December 7, 2022

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Gautamee Hazarika

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Other

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Renewable Energy
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Global Energy Storage Market to Grow 15-fold from 27 GW to 411 GW by 2030: BNEF

Energy storage installations worldwide are projected to reach a cumulative of 411 GW by the end of the decade, according to BloombergNEF (BNEF). In its 2H 2022 Energy...

October 17, 2022

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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In a First, Wind and Solar Projects Met Over 10% of Global Electricity Demand in 2021: BNEF

The world’s wind and solar projects combined met more than a tenth of global electricity demand for the first time in 2021, according to research company...

September 23, 2022

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Vijayalakshmi Sridhar

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Markets & Policy

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Solar
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Global Investment in Energy Transition Reached $755 Billion in 2021: Report

Global investment in the energy transition reached a record of $755 billion in 2021, BloombergNEF (BNEF) has said in its recent report. The investments are driven by...

February 2, 2022

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Harsh Shukla

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Other

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Other Energy
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Steel Industry Must Invest $278 Billion to Eliminate Carbon Emissions by 2050: BNEF

The global steel industry could eliminate carbon emissions by 2050 by investing $278 billion and using green hydrogen and recycling technologies, BloombergNEF (BNEF) has...

December 9, 2021

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Harsh Shukla

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Other

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Renewable Energy
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China Leads the Lithium-Ion Battery Supply Chain as Europe Makes Progress: BNEF Study

Chinese lithium-ion battery manufacturers are likely to retain their recently acquired number one position in the next five years. The U.S. and Sweden may emerge third...

September 23, 2020

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Debjoy Sengupta

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Energy Storage

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Market & Policy

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