Why Power Markets Tilt Toward Renewables Even With Cheap Oil

Source: Bloomberg Business
03/28/16, 04:43 AM | Solar & Wind, EVs and Fuel Cells

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.

More Solar & Wind Stories | Articles | News

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

Baja Carports Design-Build Solar Support Systems™

With Baja Carports 35 plus years in the industry installing our Solar Support Systems nationwide and whose founder Bob Hayworth was one of the first to use solar panels as the rooftops on commercial carports ~ is assurance that you will receive Baja expertise in all phases of installation. Our team's diligence makes the design-build process easy for customers. You don't need a set of architecture plans to begin talking to us about your project. Baja's in-house design engineers will work closely with you to meet your project specifications and city's criteria. You'll have our design team's years of experience applied to your plans. Our engineers will deliver a set of stamped plans, which maximize canopy coverage and details the most-effective layout for your business' parking lot.
More Products
Feature Your Product