BNEF: Renewables to provide nearly half of global power capacity by 2040

James Murray
clock • 5 min read

Influential analyst firm predicts solar costs to fall a further 66 per cent by 2040, as renewables industry goes from strength to strength

The dramatic collapse in renewable energy costs is showing no sign of abating, according to the latest report from Bloomberg New Energy Finance (BNEF). The influential analyst firm yesterday published...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

James Murray
Author spotlight

James Murray

View profile
More from James Murray

'A positive step': Government announces revamped £345m sustainable farming package

Vattenfall secures green light for all-electric Bristol heat network

More on Energy

Oil giants record $467bn in profits since Russia's invasion of Ukraine
Energy

Oil giants record $467bn in profits since Russia's invasion of Ukraine

Shell, BP, Chevron, ExxonMobil, and TotalEnergies saw collective profits jump by 125 per cent following Russia's invasion, according to a new investigation from Global Witness

Stuart Stone
Stuart Stone
clock 24 February 2026 • 4 min read
How RePower Ukraine is building clean energy resilience for communities on the frontlines
Energy

How RePower Ukraine is building clean energy resilience for communities on the frontlines

On this fourth anniversary of Russia's full-scale invasion, we are appealing to the UK solar industry for more support in delivering vital PV and battery projects to Ukrainian hospitals, writes Svitlana Vovchenko, director of the RePower Ukraine Charitable...

Svitlana Vovchenko, RePower Ukraine
clock 24 February 2026 • 4 min read
'Increasingly concerned': Government faces fresh calls to tackle sky-high energy costs for businesses
Energy

'Increasingly concerned': Government faces fresh calls to tackle sky-high energy costs for businesses

Energy UK and CBI urge Ministers to work with businesses to identify reforms that can curb energy costs, as fresh warnings are issued over soaring data centre electricity demand

James Murray
James Murray
clock 23 February 2026 • 7 min read