In my BNEF Summit keynote in London last September, I talked about how far clean energy and transport had come over the last fifteen years. Where renewable energy used to be dismissed as "alternative", I talked about the "new orthodoxy" of what I called the Three-Third World: by 2040 one third of global electricity will be generated ...
BNEF Summits have convened leaders in energy, industry, transport, technology, finance and government since 2008. At these events, decision makers are able to generate ideas, deliver fresh insights, and make connections that help them formulate successful strategies, capitalize on technological change and shape a cleaner, more competitive future.
Global offshore wind spending was down 56% in the first half of this year compared to the same period in 2023, said BNEF in a report released on Tuesday. The sagging offshore figures dragged investment in wind generally down 26% compared to the second half …
Almost 1 terawatt of new solar and wind capacity will connect to the US power grid between 2024 and 2035, BNEF forecasts. Even accounting for planned power plant retirements, this will drive an 80% increase in the nameplate power generation capacity of the US by 2035. The rise in renewables will be complemented by 221 gigawatts of battery ...
London and New York, March 27, 2024 – Global wind capacity additions surged to a record high of 118GW in 2023, according to a new report by research provider BloombergNEF (BNEF). BNEF''s 2023 Global Wind Turbine Market Shares report finds that developers commissioned 36% more capacity worldwide than in 2022 after capacity additions skyrocketed in the world''s …
In September, two offshore wind projects in Danish waters totalling 350 megawatts were awarded to Vattenfall, the utility, with a record-breaking bid of just 60 euros ($67.33) per MWh. In July, another utility, Dong Energy, won a contract to develop a 700MW Dutch offshore array at 72.70 euros per MWh.
Floating offshore technology is generating significant interest in regions where sea depths make conventional offshore wind impossible. We analyse the floating technologies in development, costs of the technology, and markets leading in support.
Source: BNEF. The global offshore wind market is set to grow at a 16 percent compound annual rate from 2017 to 2030, reaching a cumulative capacity of 115 gigawatts compared with 17.6 gigawatts today, according to Bloomberg New Energy Finance. The core markets of the U.K., Germany, Netherlands and China will drive installations, but in the next ...
BNEF expects prices to stabilize as producers are struggling to turn a profit in this period of excess supply. The cost of onshore and offshore wind projects in China continues to fall, but the same cannot be said for elsewhere. …
－ブルームバーグのリサーチであるブルームバーグNEF（BNEF）が、5にしたグローバルの「エネルギーし（NEO）：2024」にきした「エネルギーし（NEO）：2024」によると、が2050までにネットゼロをするためには、10で320（2.2 ...
According to the latest analysis from BNEF, the global benchmark levelized cost of electricity, or LCOE, for offshore wind is now on par with coal. This is the cheapest since BNEF started capturing project data in 2009, driven by a strong China market.
BloombergNEF''s Floating Offshore Wind Capex Model brings transparency to the cost of commercial scale floating offshore wind projects. The model estimates the bottom-up capital expenditure of projects according to user inputs or BNEF assumptions…
The offshore wind sector is expanding at an incredible rate. Over the next 15 years, the market is expected to grow 11-fold, reaching 386GW by 2035. Early growth comes from established European markets but after 2030, newer markets in Asia and the…
Following a decade of floating offshore wind demo projects, the industry is starting to show signs of scale and cost competitiveness. Using a bottom-up methodology, BloombergNEF estimates cost could more than halve by 2030, bringing the technology…
Over the next decade, more powerful offshore wind turbines will bring a host of knock-on cost reductions. BloombergNEF predicts offshore wind capex to drop by a quarter by 2030 on a like-for-like basis. Compared to the last decade, our …
BNEF expects global wind installations to rise 6% in 2024 to hit a new high. Auctions for offtake and development rights will boom in the next two years, upping onshore wind build and accelerating installations offshore even faster.
BNEF Summits have convened leaders in energy, industry, transport, technology, finance and government since 2008. At these events, decision makers are able to generate ideas, deliver fresh insights, and make connections that help them …
BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate ...
BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways …
Global offshore wind installations are on track to see 10-fold growth by 2035, reaching 519GW compared to 53GW installed at the end of 2021. Countries increasingly see the offshore wind sector as a key facilitator of their long-term …
The global offshore wind market will expand to a cumulative capacity of 115 GW by 2030 from 17.6 GW now, according to Bloomberg New Energy Finance (BNEF). This represents a compound annual growth rate (CAGR) of 16%.
The global offshore wind benchmark is now $3/MWh below that of coal and $18/MWh below that of gas. This is the first time that the benchmark undercuts fossil fuels in our analysis. ... At $93/MWh globally, our benchmark gas LCOE is now more than double solar and onshore wind. BNEF expects fossil fuel prices to remain high in the short- to mid ...
Jon Moore, chief executive of BNEF, commented: "The offshore wind record last year shows that this technology has made huge strides in terms of cost-effectiveness, and in proving its reliability and performance. Europe saw $25.9bn of offshore wind investment, but there was also $4.1bn in China, and new markets are set to open up in North ...
European offshore wind turbine companies are looking for routes to market or gain a foothold in the region. Dong Energy A/S and Macquarie Group Ltd. currently own stakes in projects in Taiwan. MHI Vestas Offshore Wind A/S is opening a regional office in Japan. They expect these bases to make the leap into China a little easier.
The first of France''s offshore wind projects to be financed, the 480MW, $2.5 billion Saint Nazaire, got its go-ahead in the third quarter. Tom Harries, head of wind research at BNEF, commented: "Offshore wind developers in China brought forward 15 projects to beat a scheduled expiry of that country''s feed-in tariff.
As part of the annual Clean Energy Ministerial meetings held in Pittsburgh this week, BloombergNEF (BNEF) has released an Energy Transition Factbook to graphically highlight how the world is progressing toward lower …
• Offshore wind installations are set to reach 18.4GW in 2023, a record. Mainland China will account for over half of this total. Six markets will add over 1GW in 2023, including Taiwan, which will install over 2GW of new capacity for the first time. • BNEF expects annual offshore wind …
The cost of conventional offshore wind farms has been plummeting in recent years. The U.K.''s latest renewable energy auction saw prices drop to 57.50 pounds per megawatt-hour, less than a third the cost of …
Offshore wind installs to increase year-on-year from 2024; Global installations to peak in 2030 at 28.5GW; The offshore wind industry is emerging unscathed from the Covid-19 pandemic. By the end of the decade, …
The New Energy Outlook presents BloombergNEF''s long-term energy and climate scenarios for the transition to a low-carbon economy. Anchored in real-world sector and country transitions, it provides an independent set of credible …
New BNEF report presents results of a corporate power purchase agreement pricing survey, de-mystifying fair PPA price ranges in Europe London, April 2, 2020 – Sweden and Spain respectively have the cheapest average corporate PPA prices in Europe for wind and solar electricity, according to BloombergNEF''s (BNEF) 1H 2020 European Corporate PPA Price …
Solar and wind technologies alone supply 83% of generation by 2050, according to BNEF analysis. In the Net Zero Scenario, onshore and offshore wind capacity across Europe reaches 675 gigawatts by 2030, up from …
Global offshore wind installations are on track to see 10-fold growth by 2035, reaching 519GW compared to 53GW installed at the end of 2021. Countries increasingly see the offshore wind sector as a key facilitator of their long-term climate goals,…
The offshore wind sector is on track to achieve explosive growth. BloombergNEF predicts cumulative installations will hit 504GW by 2035, a 10-fold increase vs 2021. Governments in new and established markets are setting installation targets galore,…
Offshore wind could become an important way to produce hydrogen at scale. The project pipeline is growing rapidly, costs are falling and non-economic factors are poised to boost uptake. ... BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low ...
Offshore wind investment surged to a new high in 2023, according to BloombergNEF''s Renewable Energy Investment Tracker 1H 2024. The record comes despite rising costs and interest rates forcing some firms to delay or cancel projects last year. Global …
