BNEF Estimated That the 2021 Year Will be Another Record Year for Solar Power.

Bloomberg New Energy Finance (BNEF) as the New York-based financial data and media company, estimated that the 2021 year will be another brilliant year for solar installation. BNEF’s analysts have made extremely optimistic predictions for the coming year. They have estimated that the world could be added between 151 GW and 194 GW new solar capacity.

BNEF analyst,  Jenny Chase, said that in spite of the COVID-19 Pandemic solar installation has increased 12% in 2020 as compared to 2019. According to PV-Magazine, although China spent the most on new generation capacity from all non-large-hydro renewables in 2020 – according to BNEF – the $84 billion invested represented a 12% fall in 2019, enabling Europe to almost close the gap, with $82 billion invested last year, for a thumping rise of 52%. Contributors to that European clean energy advance included the Netherlands, whose $14 billion investment represented a year-on-year rise of 221%; France, which committed 38% more, at $7.3 billion; Spain, which saw investment rise 16% to $10 billion; and Germany, which spent $7.1 billion more, for a rise of 14%.

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Source:@ PV-Magazine & @Solar_Edition
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