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

Emma Reynolds named new Environment Secretary in surprise reshuffle

Research: Dozens of Reform UK target seats at risk of fracking

More on Energy

How reaching net zero could cut global fuel costs by $1tr a year
Energy

How reaching net zero could cut global fuel costs by $1tr a year

New modelling from BloombergNEF suggests investing just 0.7 per cent of GDP in the net zero transition could unlock huge financial savings - and avert a rolling climate crisis

James Murray
James Murray
clock 04 September 2025 • 8 min read
Bolton Wanderers FC kicks off new smart grid service
Energy

Bolton Wanderers FC kicks off new smart grid service

Football club teams up with Voltaris to install flexible grid technology that reduces power demand during peak periods

Amber Rolt
clock 04 September 2025 • 2 min read
'Power Shift': Greenpeace urges government to move gas power plants out of the wholesale power market
Energy

'Power Shift': Greenpeace urges government to move gas power plants out of the wholesale power market

New report calculates that moving gas-fired power stations into a strategic reserve underpinned by a regulated asset base model could maintain energy security and save billpayers £5bn a year

Stuart Stone
Stuart Stone
clock 04 September 2025 • 7 min read