Renewable energy is becoming less expensive than coal

Renewable Energy Cheaper than Coal

New report highlights the increasingly affordable nature of renewable energy Unsubsidized wind and solar power have become the least expensive forms of new energy generation. A new report from the United Nations and Bloomberg New Energy Finance shows that renewable energy experienced a significant reduction in cost last year. As clean power systems begin to not rely on subsidies from governments, the electricity they generated is becoming less expensive than that generated by coal. Cost of clean power is falling quickly According to the report, the total cost of generating…

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Solar energy reaches new heights in 2016

Solar Energy Reaches New Milestone

The solar energy industry nearly doubled in size last year In 2016, solar energy in the United States grew at an unprecedented rate. A new report from GTM Research and the Solar Energy Industries Association shows that solar installations doubled last year over what they had been in 2015. The report notes that solar energy accounted for 39% of all new energy generation capacity in the United States last year, breaking previous records and establishing solar as the leading form of clean power in the country. The economics of solar…

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Solar energy is becoming less expensive than coal and wind

New highlights the major accomplishment the solar sector has achieved The solar energy space has accomplished something that was previously thought impossible. According to data from Bloomberg New Energy Finance, solar power is now the world’s least expensive form of energy. In the past, solar power has managed to find major success in various parts of the world, particularly the Middle East, where sunlight is abundant. The data from Bloomberg shows that solar power is now less expensive than wind and coal, making it a very attractive form of electrical…

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Solar energy could power nearly 100 million homes by 2020

Off-grid solar market could reach $3.1 billion by 2020 As many as 100 million homes throughout the world are set to be powered by solar energy by 2020, according to a new report from Bloomberg New Energy Finance. The report shows that the off-grid solar market, which primarily serves the residential sector, has grown by $700 million. Just 10 years ago, this market was nearly non-existent. By 2020, this market is expected to reach $3.1 billion as more homeowners begin using solar power systems. Demand for reliable access to electrical…

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Renewable energy investments rose throughout the world in 2014

Report shows that 2014 saw more investment activity in the renewable energy space The United Nations Environment Program has released a new report, with the aid of Bloomberg New Energy Finance. The report shows that investments in renewable energy rose in 2014, with more organizations, both public and private, funneling funds into the clean power space as a way to support its growth. Many countries, as well as the companies that call them home, have been growing more interested in renewable energy and are providing the sector with a growing…

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Japan may soon be the world’s leading solar energy market

China could lose its spot as top solar market to Japan China may soon lose its spot as the world’s leading solar energy market as Japan becomes a very prominent player in the global scene. Li Junfeng, Director General of China’s National Center for Climate Change Strategy and International Cooperation, gave an interview recently in which he suggested that China may only be able to install 10 gigawatts of solar capacity this year. While this may still be a major accomplishment for the country, this will fall short of China’s…

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Global utility-scale solar energy capacity reaches 30 GW

Global solar power capacity reaches a new record, according to Wiki-Solar information Wiki-Solar, a solar energy information group, has released data concerning the global capacity of utility-scale solar installations. According to Wiki-Solar, global utility-scale solar capacity has reached 30 gigawatts, with 8.8 gigawatts of capacity coming online earlier this year. This represents the fifth consecutive year in which global solar capacity has increased and there are no signs that this growth is slowing down in the foreseeable future. Small countries are helping drive growth in capacity Several countries have contributed…

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Renewable energy adoption accelerating in Africa

More clean energy to be installed throughout Africa this year than from 2000 to 2013 Africa is set to see more growth in the entirety of its renewable energy sector this year than it had from 2000 to 2013. According to research from Bloomberg New Energy Finance, the continent is approaching an energy tipping point, where clean power is becoming more popular among African countries than traditional forms of energy. Several countries have begun to turn to clean energy in order to find economic prosperity and become more environmentally friendly….

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Renewable energy investments are growing

Report highlights investment activity in the clean energy space Renewable energy investments are beginning to grow at a rapid pace, according to a new report from Bloomberg New Energy Finance. The report highlights investment activity in the clean energy sector every quarter. This investment activity is often indicative of the overall support that clean energy is receiving throughout the world and such funding typically dictates whether or not new energy projects will reach completion or remain in a sort of developmental limbo. Clean energy investments grow by 33% during the…

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Report highlights growth of renewable energy investments

Clean energy investments to skyrocket over the next 15 years Bloomberg New Energy Finance has released its new 2030 Market Outlook report, highlighting the growing investments in renewable energy. Investing in clean power has become quite popular throughout the world, especially among governments that are looking to take advantage of the economic benefits of certain forms of clean energy. Businesses are also beginning to invest in clean energy quite heavily, aiming to cut costs on energy expenditures in the future and comply with emissions regulations coming from the world’s governments….

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Rooftop solar energy systems continue to see strong growth in Australia

Rooftop solar power systems to reach 23 GW of installed capacity by 2030 Solar energy is growing at a rapid rate in Australia and rooftop installations may be the cause. Rooftop solar installations have lead to massive growth of the country’s solar power capacity, despite the opposition these installations have faced from Australian utilities. Bloomberg New Energy Finance predicts that Australia’s total installed solar power capacity will reach 23 gigawatts by 2030, overcoming the challenges placed in its way by the country’s utilities and the limited support coming from the…

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Falling price of photovoltaics has helped solar energy grow

Report highlights the growth of renewable energy due to the falling cost of photovoltaic technology The Frankfurt School-UNEP Collaborating Center for Climate & Sustainable Eenergy Finance has released a new report concerning the falling costs of solar energy and photovoltaic technology. The report was conducted with the aid of the United Nations Environment Program and Bloomberg New Energy Finance. The report suggests that the falling price of photovoltaic technology has been the primary driver behind the increase in renewable energy capacity worldwide in 2013. As this technology has become less…

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Green technology investments fall around the world

Investments in clean technology are diminishing globally The United Nations has released data concerning investments in green technology. According to this data, investments are dropping quickly across the entirety of the renewable energy spectrum. The exact reason behind this drop in investments is, of course, multi-faceted and involves the economic fragility in Europe and other countries as well as shifting political positions on the issue of climate change. According to the United Nations, if investments in clean technology do not quadruple within the coming years, there may be no way…

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Solar energy makes strong progress in the UK

Solar energy sees strong investment activity Solar energy is attracting significant attention in the United Kingdom. A new report from Bloomberg New Energy Finance shows that investments in clean technology have been growing at a rapid pace and many of these investments have to do with solar energy.  The report shows that investments in renewable energy throughout the world fell by 14% in the third quarter of 2013 from what it had been in the previous quarter. Solar energy, in particular, has proven to be resilient against this trend, however….

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Water scarcity could cripple China’s energy supply

Water Scarcity renewable energy

Water scarcity may cause significant energy disruptions Water is of vital importance to the world. It not only plays a role in the ongoing survival of the human species, as well as others, but it is also widely used in the world of energy. While fossil-fuels are used to generate much of the electrical power that the world relies on, water is used as a means to produce power as well. Approximately 90% of the electrical power generated around the world comes from steam turbines, and the majority of this…

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China is world’s largest wind energy market in 2012

Global Wind Energy Capacity

Wind energy makes major progress in China New research from Bloomberg New Energy Finance, a leading market research firm, shows that China was the world’s largest wind energy market in 2012. The country has been aggressively supporting the development of wind energy in recent years, hoping to break away from the use of fossil-fuels. Though China intends to continue using fuels like oil and coal well into the future, the country is eager to reap the economic benefits tied to renewable energy. In 2012, China made significant progress in the…

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