article thumbnail

Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

Green Car Congress

BNEF predicts that lithium-ion battery prices, already down by nearly 80% per megawatt-hour since 2010, will continue to tumble as electric vehicle manufacturing builds up through the 2020s. trillion of that going to wind and solar and a further $1.5 NEO 2018 sees $11.5 Coal emerges as the biggest loser in the long run.

Wind 220
article thumbnail

US wind generation fell in 2023 for the first time since the 1990s

Baua Electric

Annual US power generation from wind turbines declined in 2023 for the first time since the mid-1990s – here’s why. gigawatts (GW) of new wind capacity last year, but data from the US Energy Information Administration’s “ Power Plant Operations Report ” show that US wind generation in 2023 totaled 425,235 gigawatt-hours (GWh) – 2.1%

Wind 52
article thumbnail

Pew: global clean energy investment reached record $243B in 2010

Green Car Congress

2010 investment by country and sector. Global clean energy finance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. billion in investments in 2010 represents a 39% increase from 2009. Italy is the first country to achieve grid parity, or cost-competitiveness, for solar energy.

2010 236
article thumbnail

BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). Despite losing some ground, this still marks an 86% and 46% reduction since 2010 in nominal terms. The latter cost at $74 and $81 per MWh, respectively.

Cost Of 210
article thumbnail

EIA: natural gas-fired reciprocating engines are being deployed more to balance renewables

Green Car Congress

Before 2010, reciprocating engines typically had no more than 9 MW in capacity, but in recent years, larger units that range from 16 MW to 19 MW have been installed throughout the United States. Power plants with large reciprocating engines are often located in states with significant renewable resources, specifically wind generation.

Gas 348
article thumbnail

Solar PV, Wind, and Biofuel Markets Expand by 11.4% to $139.1B in Collective Global Revenues in 2009

Green Car Congress

In 2009, combined global revenue for the three major clean-energy sectors—solar photovoltaics (PV), wind power, and biofuels—grew by 11.4% billion by 2019, according to the Clean Energy Trends 2010 report issued by Clean Edge Inc., Wind power (new installation capital costs) is projected to expand from $63.5

2009 199
article thumbnail

GM leads in clean-energy US patents in 2010

Green Car Congress

The Clean Energy Patent Growth Index tracks the granting of US patents in solar, wind, hybrid/electric vehicles, fuel cells, hydroelectric, tidal/wave, geothermal, biomass/biofuels and clean, renewable energy. GM received 940 US patents in 2010, placing it in the top 25 of all companies.

Clean 257