U.S. solar up 52% in 2023 as nation deploys 35.3 GW of capacity
Bloomberg NEF says U.S. clean energy generation grew by 0.9%, with wind and hydro generation falling and solar generation growing 15.4%.
BloombergNEF says global solar installations could hit 574 GW this year
BloombergNEF says in a new report that developers deployed 444 GW of new PV capacity throughout the world in 2023. It says new installations could reach 574 GW this year, 627 GW in 2025, and 880 GW in 2030.
India’s transition to net-zero emissions presents $12.7 trillion investment opportunity
India’s energy system requires investments totaling $12.7 trillion between 2022 and 2050 to reach net-zero emissions by mid-century.
US to deploy 30 GW/111 GWh of grid-scale energy storage by 2025
The US energy storage market hit an inflection point in 2020. The Energy Information Administration expects the deployment of grid-scale storage to pick up over the next three years.
Is hydrogen about to have its solar moment?
As Longi and other solar manufacturers kick off massive growth in hydrogen generation capacity, expect large price decreases resulting from steep learning curves, echoing the rapid advances experienced by the solar power industry since the 1970s.
Wind, solar payback times under a year in some parts of world, says Rystad
Record energy prices, particularly in Europe, are driving demand for renewables and energy storage. That is changing the equation for utility solar and wind investment and shortening project payback times to under a year in some regions. Storage deployment, driven by recent policy developments around the world, is also expected to get a big boost through to 2030.
Transforming the energy storage market
Ensuring pragmatic energy storage transformation is proportional to tweaking the current battery storage chemistry. Zinc battery technology is gaining traction, changing the prevailing energy storage dynamics.
Invasion of Ukraine an inadvertent boost for green hydrogen
Rystad Energy has joined BloombergNEF with a significant forecast for gray and blue hydrogen off the back of Russia’s invasion of Ukraine. According to the analysts, the impact of the war has sent prices of fossil fuel-tied forms of hydrogen production surging, leaving the gradual but consistent downward price trend of green hydrogen now looking remarkably competitive.
Solar power prices rising with demand
Recent BloombergNEF research shows that corporations procured a record 31GW of renewable energy in 2021, and LevelTen Energy says that growth occurred despite more than a year of price increases.
BloombergNEF says global solar will cross 200 GW mark for first time this year, expects lower panel prices
The analyst also forecasts strong growth for the storage business and a significant increase in PPAs for photovoltaic projects in Europe. It also said the newly installed PV capacity for 2021 reached 183 GW.
