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

Seaward PV210 Solar Installation Test Kit

Seaward PV210 Solar Installation Test Kit

The Seaward Solar PV210 PV installation tester provides a highly efficient and effective test and diagnostic solution for PV systems, carrying out all commissioning tests required by IEC 62446 and performing fast and accurate measurement of I-V curves in accordance with IEC 61829. With direct connection to individual PV modules or strings using the supplied lead sets, tests can be conducted easily and within a matter of seconds at the press of a single button.