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BNEF

Weekend Read: The solar-battery-EV dream

For those who combine solar, batteries, and electric vehicles (EVs) at home, driving on sunshine is a realistic goal. However, there are many factors to consider when analyzing the economic payoffs, as well as the technical possibilities and limitations of such systems.

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Portugal’s January-April PV installations hit 118 MW

Despite a slow start to the year, BloombergNEF expects Portugal to install another 1,363 MW of solar by the end of 2023. The likelihood of that scenario seems to come down to how quickly projects from the record-breaking 2019-20 solar auctions go online, if they do so at all.

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Global solar capacity additions hit 268 GW in 2022, says BNEF

BloombergNEF Analyst Jenny Chase says the world installed 268 GW of new solar capacity in 2022, with annual installations expected to hit 315 GW in 2023. In a recent interview with pv magazine, Chase pointed to a large backlog of delivered PV modules in Europe that still have yet to be installed.

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BNEF outlines scenarios to replace Europe’s largest coal plant with 10.7 GW of solar, wind

BloombergNEF (BNEF) has outlined a potential transition plan for a coal-fired power plant in Belchatow, Poland. It said that 5 GW of solar and 5.7 GW of wind could replace 80% of Belchatow’s lignite generation capacity by 2036, in an optimal scenario.

Wind, solar payback times under a year in some parts of world, says Rystad

Record energy prices, particularly in Europe, are driving demand for renewables and energy storage. That is changing the equation for utility solar and wind investment and shortening project payback times to under a year in some regions. Storage deployment, driven by recent policy developments around the world, is also expected to get a big boost through to 2030.

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Record solar investment keeping Chinese economy afloat

Investments in renewables are hitting new highs in China, as recurrent Covid-19 outbreaks and a crisis-stricken housing market threaten the world’s second-biggest economy, according to BloombergNEF.

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The Hydrogen Stream: Ukraine invasion raises price of gas-powered grey ammonia

With fears over Europe’s gas supply tightening, the Australian government is forging ahead in the green hydrogen sector by launching tech incubator HyGate and awarding Volt Advisory Group cash to develop a renewable energy microgrid. Australian business Fortescue Future Industries and Europe’s Airbus will work on hydrogen-powered aircraft and Kawasaki Heavy Industries is making strides in transporting hydrogen from the state of Victoria.

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BloombergNEF says global solar will cross 200 GW mark for first time this year, expects lower panel prices

The analyst also forecasts strong growth for the storage business and a significant increase in PPAs for photovoltaic projects in Europe. It also said the newly installed PV capacity for 2021 reached 183 GW.

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New renewables cheaper than legacy coal or gas for almost half the world’s population

Electricity bill payers in nations as diverse as Germany, Greece, India and China should be aware new solar projects can now generate electricity cheaper for them than legacy coal and gas-fired plants.

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Solar could play big role in helping renewables displace UK’s planned gas fleet

Each 1.8 GW of new gas generation capacity could be replaced by 1.7 GW of solar as part of a cleaner, 6.3 GW collection of renewables and energy storage facilities–and that alternative already comes in cheaper than the business-as-usual approach, according to the Carbon Tracker thinktank.

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