Global investment in renewables rose to new heights in 2021 as solar and wind deployment surged, but total energy transition expenditure needs to triple in the coming years to get on track for net zero, according to new research from BloombergNEF.
The US Senate has unanimously passed the bipartisan Uyghur Forced Labour Prevention Act (UFLPA) that will ban the import of products from China’s Xinjiang region into the US unless importers can provide "clear and convincing evidence" they were not made with forced labour
Several factors have overseen an increase in the price of modules. Some of them look sure to ease, while others may be more persistent. Sean Rai-Roche delineates the events behind the rise and speaks to industry experts about what businesses can expect moving forward.
As much as 191GW of new solar PV is expected to be installed this year – up by a third on last year’s deployment figure – despite polysilicon and module prices remaining high into 2022, BloombergNEF has said.
Liam Stoker reflects on the IPCC’s ‘Code Red’ warning over climate change, what it means for the world’s renewables sector and, crucially, why it is time for policymakers to match rhetoric with action.
New investment in renewables reached a record US$174 billion in H1 2021, with renewable energy companies raising 509% more than H1 2020 and investment in solar projects up 9%, according to the latest Renewable Energy Investment Tracker from BloombergNEF
At least 455GW of new solar PV capacity will need to be installed each year by the end of this decade for the world to reach net zero status by 2050, new analysis by BloombergNEF (BNEF) has found.
The cost of building and operating new utility-scale PV is now cheaper than running existing coal plants in China, India and across much of Europe. However, rising commodity prices could see PV projects become temporarily more expensive in the second half of 2021, according to BloombergNEF analysis.
The US’ fleet of solar and wind generation capacity is set to almost triple over the next decade, but even this is not enough to meet President Biden’s ambitious decarbonisation targets, according to a recent BloombergNEF report.
