Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050
Green Car Congress
JUNE 19, 2018
Wind and solar power generation will surge to almost 50% of world generation by 2050 (“50 by 50”), supported by precipitous reductions in cost, and the advent of cheaper and cheaper batteries that will enable electricity to be stored and discharged to meet shifts in demand and supply, according to the new annual Bloomberg NEF New Energy Outlook (NEO) 2018. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.