The solar and wind industries could benefit from a $6.4 trillion boom under the most ambitious of two scenarios described by Bloomberg New Energy Finance, and $2.4 trillion even in the business-as-usual outlook.
Although the global solar industry might be cheered by the prospect of a healthy slice of an expected $12 trillion, 30-year windfall, governments are falling far short of steering us clear of catastrophic global heating, according to the analyst’s latest New Energy Outlook report.
Plus, some 5 GW of solar could be heading to Botswana and Namibia and news of a new automotive fuel cell building in Ulm, Germany.
The solar plant operations business – spun out of the solar glass manufacturer – reportedly finalized its initial public offering this week. Final confirmation of the proceeds is expected on Monday.
With 11 GW, India is set to become the second largest solar PV market in 2018, usurping the U.S., as global demand reaches 113 GW, says IHS Markit. It adds that Q4 will be the biggest quarter in history for installations, with 34 GW expected.
Jordan’s Energy Minister says 45 companies have been selected as finalists to bid for the upcoming 300 MW solar and wind auction. Technical and financial details are to be submitted by the end of March.
According to reports, India is planning to impose a 7.5% tax on imported solar PV modules.
A recent article in Bloomberg View illustrates clearly the mythology and misinformation that abounds regarding renewable energy, which in many cases is spread by the media.
In its New Energy Outlook 2017 report (NEO), published earlier this week, Bloomberg New Energy Finance (BNEF) outlines its expectations for energy in the Americas between now and 2040. The report predicts big for the key regional markets Brazil, Chile and Mexico.
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