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

Green Car Congress

This year’s outlook is the first to highlight the significant impact that falling battery costs will have on the electricity mix over the coming decades. 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.

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The size of Washington State’s largest wind farm just got cut by 50%

Baua Electric

Washington State’s energy board cut the size of what would have been the state’s largest wind farm in half yesterday – here’s why. Wind farm controversy in Washington State The $1.7 billion, 1,150-megawatt (MW) Horse Heaven Clean Energy Center combines wind, solar, and battery storage.

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The world’s longest onshore wind turbine blade makes its debut

Baua Electric

Photo: SANY Group SANY Renewable Energy , a wind turbine manufacturer in China, has built the world’s longest onshore wind turbine blade. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage , a free service that makes it easy for you to go solar.

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In a ‘monumental shift’, EU coal and gas collapse as wind and solar ascend

Baua Electric

Photo: Hornsea Project Europe’s coal electricity generation tanked by 26% and gas by 15% in 2023, according to a new report from energy think tank Ember. What’s more, for the first time, wind power, which grew by 18%, surpassed gas, which only accounted for 17% of Europe’s electricity. compared to 2022.

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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

Green Car Congress

Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Electricity demand is set to increase 62%, resulting in global generating capacity almost tripling between 2018 and 2050.

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These canceled New York offshore wind farms totaling 1.7 GW just officially made a comeback

Baua Electric

Rendering: South Brooklyn Marine Terminal, Empire Wind Equinor’s Empire Wind 1 and Eversource and Ørsted’s Sunrise Wind previously canceled their offshore wind contracts with New York, but now they’re back. Sunrise Wind is scheduled to come online in 2026, and Empire Wind in 2027.

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Solar, wind to lead US power generation growth for the next 2 years

Baua Electric

The US Energy Information Administration (EIA) forecasts that solar and wind will lead US power generation growth for the next two years in its latest Short-Term Energy Outlook. The EIA also expects wind power generation to grow 11% from 430 billion kWh in 2023 to 476 billion kWh in 2025. Get started here. –ad*

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