Why Power Markets Tilt Toward Renewables Even With Cheap Oil

Anna Hirtenstein for Bloomberg Business:  If you’re a power plant developer, chances are you’ll be selling renewables in a developing nation in the decades ahead -- even with fossil fuel prices bumping along historic lows.

That’s been the conclusion for some time of the International Energy Agency and independent researchers such as Bloomberg New Energy Finance. A report out Thursday from the United Nations Environment Program using BNEF data gives more statistical backing for the trends.

For the first time in 2015, more investment went into renewables than fossil fuels, and most of the money went to emerging markets. BNEF is hosting a conference in New York starting April 4 to bring together executives and bankers attempting to generate value from the boom.

Here are six charts from the UNEP report showing why cheap oil and natural gas aren’t about to slow the rise of wind and solar.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

AEE Solar - A Three Decade Commitment to Renewable Energy

AEE Solar - A Three Decade Commitment to Renewable Energy

AEE Solar was founded by David Katz 1979 as Alternative Energy Engineering with the goal of bringing renewable, non-polluting power to homes and businesses in the northern California coastal redwood region. Thirty years later, AEE continues to deliver the products, training and support needed to succeed. We supply resellers, contractors, integrators, and installers the field-tested, reliable products they need to design, install and maintain renewable energy systems.