Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTAugust 6 (Renewables Now) – The global wind and solar power capacity has reached 1 TW at the end of June and is expected to double by the middle of 2023, Bloomberg New Energy Finance (BNEF) said last week.
The 1,013 GW of currently installed capacity is almost equally divided between wind and solar, with 54% coming from wind parks and solar accounting for 46%. According to the market analyst’s data, the capital expenditure (capex) for constructing these plants totalled USD 2.3 trillion (EUR 1.99tr), while the next 1 TW of capacity will cost 46% less. Wind and solar deployment between 2018 and 2022 is expected to require only USD 1.23 trillion of capex.
BNEF noted that the global wind and solar power capacity has expanded 65-fold since 2000, with solar growing at a “striking” pace. Since 2007, the photovoltaic (PV) share has jumped from just 8% of the worldwide wind and solar installed capacity to 46% now, the analyst’s data shows. Solar is likely to contribute more than wind soon.
By the end of 2018, BNEF forecasts that wind and solar, the fastest growing renewable energy sources, will reach 1.1 TW of capacity.
(USD 1.0 = EUR 0.864)
Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTDuke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CESTUS stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CESTSavannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CESTCelsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CESTAgrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CEST