Market research firm Bloomberg New Energy Finance has followed the lead set by China trade bodies and significantly raised its solar installation forecast for China in 2017.
Renewable energy is indeed the future, according to Bloomberg New Energy Finance’s latest report, which forecasts technologies such as wind and solar to “dominate” the future of electricity by 2040, making up 48% of the world’s installed capacity and 34% of electricity generation.
ReneSola could become the latest solar company to take its manufacturing operations private after receiving an offer from its chairman and CEO, Xianshou Li.
Global clean energy investment in the first quarter of 2017 was down 17% compared to Q1 2016, as market leaders China and the US scaled back support for wind and solar farms.
Despite a significant drop in global renewable energy investment last year, a corresponding rise in renewables deployment spelled encouraging news for the sector, according to a new UN Environment Programme (UNEP) report entitled ‘More Bang for the Buck’.
China is likely to commission more high-quality, large-scale solar plants in 2017 than standard ones, according to an analyst with Bloomberg New Energy Finance (BNEF).
Driven by steep cost declines in PV equipment, solar is now almost on a par with wind energy and will soon become the cheapest form of energy in developing nations, according to the Climatescope 2016 report from Bloomberg New Energy Finance (BNEF).
