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

Global Briefing: US sets collision course with IMO over net zero shipping efforts

What hope now for the Global Plastics Treaty?

More on Energy

Government urged to stand firm on £3.3bn budget for community clean energy
Energy

Government urged to stand firm on £3.3bn budget for community clean energy

Energy Saving Trust calls on government to accelerate community energy development through promised Local Clean Power Plan

Michael Holder
Michael Holder
clock 14 August 2025 • 3 min read
Government urged to recognise 'full net zero value' of biomethane through Emissions Trading Scheme
Energy

Government urged to recognise 'full net zero value' of biomethane through Emissions Trading Scheme

Joint letter backed by more than 100 signatories calls on Ed Miliband to approve recognition of biomethane as a net zero fuel within the UK ETS

Stuart Stone
Stuart Stone
clock 12 August 2025 • 5 min read
All-electric Kent new town inks deal to export clean power to the grid
Energy

All-electric Kent new town inks deal to export clean power to the grid

Trail-blazing flexible grid agreement for Otterpool Park's 8,500-home all-electric garden town is expected to save residents millions of pounds on their energy bills

Stuart Stone
Stuart Stone
clock 08 August 2025 • 5 min read