Sineng Electric, a global leading manufacturer of PV and energy storage inverters, has achieved a significant milestone by securing a spot in the esteemed BloombergNEF Tier 1 PV inverter manufacturers list for two consecutive quarters. This recognition underscores Sineng’s commitment to technological advancement, business stability, and outstanding market competitiveness within the renewable energy industry. BNEF’s […]
BLOOMBERGNEF ANNOUNCES ITS FIRST NET ZERO SUMMIT IN BALI AHEAD OF B20 AND G20 SUMMITS – EQ Mag Pro
Net zero-themed Summit to convene 300 global and Indonesian business leaders and investors on November 12, 2022 New York : BloombergNEF (BNEF) will host a special one-off BloombergNEF Summit Bali on November 12, 2022 ahead of the Business 20 (B20) and G20 Summits taking place in Bali, Indonesia, in the days that follow. The Business […]
BloombergNEF predicts 30% annual growth for global energy storage market to 2030 – EQ Mag Pro
The global energy storage market will grow to deploy 58GW/178GWh annually by 2030, with the US and China representing 54% of all deployments, according to forecasting by BloombergNEF. The group’s H1 2022 Energy Storage Market Outlook report was published shortly before the end of March. While acknowledging that near-term deployments have been dampened by supply […]
VESTAS LEAVES COMPETITORS TRAILING AS WIND INDUSTRY POSTS ANOTHER RECORD YEAR OF ALMOST 100 GIGAWATTS – EQ Mag Pro
Global commissioning of wind turbines reached 99.2GW in 2021, moving ever-closer to a 100-gigawatt year. Offshore wind additions surged 161% year-on-year London and New York : The wind industry posted another record for new commissioned capacity in 2021, as total additions fell just short of 100 gigawatts for the second year in a row, according […]
Electric vehicles: The revolution is finally here – EQ Mag Pro
After years of talk from carmakers, the industry is rapidly being transformed as companies stake their future on EVs. At the start of the year, executives at electric carmaker Polestar drew up ambitious sales plans for the UK. Within weeks, they had to tear them up. Demand was rising so quickly that the new targets […]
Careful Policy Design Could Unlock Massive Rooftop Solar Market Around the World – EQ Mag Pro
New BloombergNEF and Schneider Electric report finds rooftop solar market still largely untapped with potential to exceed 2,000 gigawatts of solar and 1,000 gigawatt-hours of energy storage by 2050. New York and Rueil-Malmaison (France), September 15, 2021 – Customer-sited solar is a major untapped opportunity, which could see 167 million households and 23 million businesses […]
Renewable Energy Investment Rose to a Record In First Half
The small increase shows the resilience of the industry leading the fight against climate change despite rising costs because of the surge in commodity prices this year. However, it’s way below what’s needed for nations and companies to reach their targets to limit emissions over the coming decades. Investors poured more money than ever into […]
New Report Finds G-20 Member Countries Support Fossil Fuels at Levels Untenable to Achieve Paris Agreement Goals
New Report Finds G-20 Member Countries Support Fossil Fuels at Levels Untenable to Achieve Paris Agreement Goals. BloombergNEF and Bloomberg Philanthropies report reveals G-20 member countries have given more than $3.3 trillion in subsidies for coal, oil, gas, and fossil-fuel power from 2015-2019 U.N.-convened Net-Zero Asset Owner Alliance, representing over $6.6 trillion assets under management, […]
Building New Renewables Is Cheaper Than Burning Fossil Fuels
It’s now cheaper to build and operate new large-scale wind or solar plants in nearly half the world than it would be to run an existing coal or gas-fired power plant. That’s the latest analysis from BloombergNEF, which sees that even with the risk of rising commodity prices, a new solar park or wind farm […]
Why Hydrogen is Starting to Get the Green Light in Global Renewables
RECAI 57: we examine initiatives in different regions to find out how low-carbon hydrogen might be used in pursuit of net zero. Green hydrogen is seen by investors, developers and politicians as an enabler to meet net-zero targets. With its vast domestic market, large state-owned companies and abundant renewable resources, China could become a green […]
