Bloomberg NEF just published its latest projections for the world’s electricity generation. It’s increasingly lower-carbon, reflecting changes in renewable energy already decades in the making, as well as the inexorable decreases in cost and increases in efficiency. Just a decade ago, geothermal and biomass — essentially, combustion of organic matter to run turbines — made […]
Research, Reports & Ratings
World to get half of its electricity from wind and solar by 2050: report
Wind and solar are set to contribute 50 per cent of world’s electricity generation by 2050, according to the Bloomberg’s New Energy Outlook (NEO) 2018. “This dramatic shift is being driven by cheap solar PV, cheap wind, and falling battery costs. The cost of an average PV plant falls by 71 per cent by 2050,” […]
Coal is being squeezed out of power by cheap renewables
With evolving markets, electricity from renewables will become cheaper than coal by 2040. Coal will be increasingly squeezed out of the power generation market over the next three decades as the cost of renewables plunges and technology improves the flexibility of grids globally. That’s the conclusion of a report by Bloomberg New Energy Finance, which […]
Unlike Peak Oil, Peaker Gas Has a Future
Bloomberg New Energy Finance has just released its annual tome of forecasts. The short story is that wind and solar power are getting cheaper and we will all be using more of them — a lot more, and relatively soon: Not the most encouraging forecast for coal, obviously. Natural gas, though, is a bit more […]
Power Ledger and Silicon Valley Power to Track EV Low-Carbon Credits via Blockchain
Blockchain’s use in the energy space gets a new proof-of-concept deployment in Silicon Valley. Blockchain technology offers a potentially vital tool to securely track and exchange data across millions of participants in the new energy economy. But first, it needs to be tested out on a smaller scale. One emerging use case: tracking the charging […]
Coal Is Being Squeezed Out of Power Industry by Cheap Renewables
Coal will be increasingly squeezed out of the power generation market over the next three decades as the cost of renewables plunges and technology improves the flexibility of grids globally. That’s the conclusion of a report by Bloomberg New Energy Finance, which estimated some $11.5 trillion of investment will go into electricity generation between now […]
CARE ratings for Indian debt instruments-Jun 19
Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of June 18, 2018. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------- ---------- ------ ------- --------- SHORT TERM RATINGS: ------------------- Aquafil Polymers Company Pvt Ltd ST Bk Fac CARE D 170 (ISSUER NOT COOPERATING) Indiamco ST Bk Fac CARE […]
China could beat the US in a race to get solar power from highways
China is starting to find more success with solar highway projects than the US. Proponents of solar roads say that they provide a way to generate solar power without paying for additional land. Critics say that solar roads do not generate enough power for their cost, since the solar cells do not tilt toward the […]
World Energy Chiefs See Natural Gas Expansion Aiding Green Push
World energy ministers representing about two thirds of the global population tussled over how the world can achieve a cleaner energy future. The compromise answer: Natural gas, at least for now. A consensus statement from G20 energy ministers meeting in Argentina cited the potential of natural gas “to expand significantly over the coming decades.” Meanwhile, […]
Higher oil prices starting to sap global demand growth: BP
London: Global oil demand has already started to show signs of weakening this year in response to higher oil prices, following another year of robust demand growth above the 10-year average, BP said Wednesday. Oil demand grew 1.7 million b/d in 2017 Proven oil reserves slipped in 2016 ‘Worrying’ power sector fuel mix Global oil […]