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

'Unprecedented access': UK-India trade deal promises to boost clean tech investment

UK's first hydrogen HGV refuelling corridor confirms £14m investment

More on Energy

What if the gas has gone?
Energy

What if the gas has gone?

A new analysis lays bare the open secret avoided by so many discussions on the future of the UK's energy industry: the overwhelming likelihood is there is not that much North Sea oil and gas left

James Murray
James Murray
clock 24 July 2025 • 4 min read
Government finalises contracts for 10 new green hydrogen projects
Energy

Government finalises contracts for 10 new green hydrogen projects

Production facilities across England, Scotland, and Wales expected to unlock £400m in private investment and create 700 jobs

Michael Holder
Michael Holder
clock 23 July 2025 • 4 min read
'The North Sea is running out of gas': New study warns basin is unable to meet UK heating demand from 2027
Energy

'The North Sea is running out of gas': New study warns basin is unable to meet UK heating demand from 2027

New analysis by the End Fuel Poverty Coalition warns UK must urgently switch to renewable heating sources to avoid relying on imported gas and volatile international fossil fuel markets

Amber Rolt
clock 23 July 2025 • 4 min read