Weekly News Update: “Bloomberg Predicts Wind and Solar will Power Half the World and Bag $9 Trillion Investment”, Renewable Energy World
Friday June 28, 2019
Kelvin Ross reported on June 20th 2019 for Renewable Energy World that renewables (wind and solar) now are the least expensive option for adding power generation capacity in 2/3rds of the world. Further drops in costs will see renewables powering nearly 50% of the global grid by 2050, and will get ~$9.5 trillion of investments in the next 30 years.
The findings listed above are the two key findings from BloombergNEF (BNEF) New Energy Outlook. According to BNEF chief executive Jon Moore, “the good news for the energy transition is that the destination is getting much clearer. In two-thirds of the world, solar and wind are the cheapest energy technologies bad none.”
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