BNEF: Renewables to provide nearly half of global power capacity by 2040

James Murray
clock • 5 min read

Influential analyst firm predicts solar costs to fall a further 66 per cent by 2040, as renewables industry goes from strength to strength

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...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Energy

COP29: UK backs global pledge to ramp up energy storage to 1,500GW worldwide by 2030

COP29: UK backs global pledge to ramp up energy storage to 1,500GW worldwide by 2030

Collective target to deliver six-fold increase in global energy storage capacity among flurry of energy initiatives officially unveiled in Baku as crunch UN climate talks move into second week

Michael Holder in Baku
clock 16 November 2024 • 6 min read
An old technology with a new twist: Inside one company's quest to build 'high density' pumped hydro

An old technology with a new twist: Inside one company's quest to build 'high density' pumped hydro

BusinessGreen looks at how a Plymouth mine site could become ground zero for an innovative form of hydro energy storage

Cecilia Keating
clock 14 November 2024 • 8 min read
Trump's win, Hackney wind turbines and a £1bn London heating scheme: BusinessGreen's most read stories of the week

Trump's win, Hackney wind turbines and a £1bn London heating scheme: BusinessGreen's most read stories of the week

BusinessGreen rounds up the most widely read stories on the site this week

BusinessGreen staff
clock 08 November 2024 • 1 min read