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Bloomberg New Energy Finance

States must plan now for utility-scale battery storage

A new report says the Indian States must develop plans to incentivize investments into the deployment of utility-scale battery storage—just as they did for solar. 

Could India establish itself as the global leader in energy storage?

In India, the lack of suitable fiscal incentives and relevant experience, combined with high upfront capital costs, has hindered the adoption of battery energy storage systems (BESS) in comparison to other developed countries. However, there is potential for the country to take the lead.

BloombergNEF expects up to 209 GW of new solar for this year

A new report from the U.S.-based analyst predicts that new PV additions for 2021 may range from 163 to 221 GW next year and from 179 to 240 GW in 2023. According to BloombergNEF, the current supply bottlenecks for glass and polysilicon will unlikely halt the global PV market.

Corporate renewables purchases hit record 23.7 GW in 2020

The growth of the global renewables sector in 2020, despite the negative impact of the pandemic, underscores how companies are prioritizing sustainability, BloombergNEF says in a new report.

World could add up to 194 GW of solar this year

Falling module prices will help PV post another record year after an estimated 132 GW was installed worldwide in 2020, according to an energy transition investment trends report published by Bloomberg New Energy Finance.

India’s renewable energy revolution serves as a model for the world

The country—aiming for a renewable power target of 450 GW by 2030—has emerged as the world’s largest and most competitive clean energy auction market. 

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Decelerating PV module prices may start increasing in fourth quarter

Market dynamics may again alter the global supply-demand picture for solar modules, leading to an increase in prices or price stabilization.

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Globally, electric vehicles show more resilience than conventional cars during Covid-19 shock

EV sales are set to be 1.7 million off because of the economic fallout of the Covid-19 crisis, however analyst BloombergNEF predicts that will be less of a hit than the anticipated fall in sales of conventional cars, increasing the penetration of electric models into the overall market.

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Renewable power poised for a big leap with storage technologies

While the solar and storage pairing is still relatively new, the growth over the next five years will be significant globally. As against just 5% in 2019, by 2025 more than 25% of all behind-the-meter solar systems will be paired with storage.

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LCOE from large scale PV fell 4% to $50 per megawatt-hour in six months

Analysts at Bloomberg New Energy Finance say the lowest-cost projects financed in Australia, China, Chile and the UAE in the last six months hit a levelized cost of energy of just $23-29/MWh and the best solar and wind projects will produce electricity for less than $20/MWh by 2030.

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