By 2050, we expect that floating offshore wind power projects will generate 264gw or 15% of the total power generation of all offshore wind power projects. In this case, this is equivalent to more than 3000 times of Hywind tampen, the world’s largest floating offshore wind farm under construction in Norway, or the sum of […]
Europe installed 17 GW (11 GW in the EU-27) of new wind capacity in 2021. This is not even half of what the EU should be building to be on tract to deliver its 2030 Climate and Energy goals. 81% of the new wind installation in Europe last year were onshore wind. Sweden, Germany, and […]
‘Paradigm shift’ as new renewables replace costly gas instead of dirtier coal power
This marks the 10th anniversary of Climatescope, BNEF’s annual assessment of energy transition opportunities. For the first time, the project has expanded its scope to include activity not just in clean power but in the decarbonization of the transportation and buildings sectors. Climatescope represents the collective effort of over 40 BNEF analysts who gather detailed […]
NBAD, the Middle-East’s leading bank presented a new report this sunday. The report is written for them by Pwc and the University of Cambridge. The report claims that solar PV will be at grid parity in 80% of the world within two years. It also concluded that growing energy demand will require $48 trillion in […]