Early January, we had a post about BNEF’s report which said that global solar PV installations reached 109GW in 2018.
According to Institute for Energy Economics and Financial Analysis news, renewable energy will march forward this year, due to “remorseless reductions in the costs of solar and wind electricity and of lithium-ion batteries,” Angus McCrone, the chief editor of Bloomberg New Energy Finance (BNEF) wrote in a commentary.
Falling costs for wind and solar are great news, but they also make the headline investment figure appear less impressive. BNEF sees total clean energy investment hovering at around $300 billion, down from 2018’s $332.1 billion. But while investment totals will be down this year, as time marches on and costs continue to fall, every dollar invested brings more renewable energy capacity.
The same will be true in 2019. For instance, BNEF predicts that the world will add between 125 and 141 gigawatts (GW) of new solar this year, sharply up from the ~109 GW added in 2018. ——————–***——————–
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Location: Oslo, Norway
Date: Feb 26, 2019 @ 10:22
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