Latest news with #BloombergNEF
Bloomberg
3 days ago
- Business
- Bloomberg
China's June Solar Installations Plummet as New Rules Take Hold
China saw a significant slowdown in solar and wind installations in June after new rules came into effect that threaten the profitability of renewable power projects. The country added 14 gigawatts of solar last month, down 85% from a record 93 gigawatts in May, according to data released on Wednesday by the National Energy Administration. It comes after a rush earlier this year ahead of the policy deadline drove China to install more solar capacity in a single month than any other country did in all of 2024, according to BloombergNEF data.
Bloomberg
3 days ago
- Automotive
- Bloomberg
Bloombergnef's Electric Vehicle Outlook 2025
The electric vehicle landscape is evolving unevenly across regions. A mix of technological developments, policy decisions, and global political dynamics are shaping growth trends across markets and vehicle types. BloombergNEF's Electric Vehicle Outlook 2025 offers insights into both the near- and long-term pathways for EV adoption, the transformation of road transport, shifts in oil and metal demand, electricity consumption, charging infrastructure rollouts, emissions trajectories, and more. Discussion Topics: - Near-term and long-term EV adoption trends by country and segment - The impact of recent policy changes on vehicle electrification - Uptake of battery-electric vehicles, plug-in hybrids and range-extender electric vehicles - Battery chemistries and costs, and the demand and supply of key materials - Charging infrastructure requirements, deployment trends and outlook - Highlights on the rising costs of public EV charging, the commercialization of solid-state batteries and the uses of ethanol across different modes of transport Speakers Aleksandra O'Donovan Head of Electrified Transport BloombergNEF Aleksandra O'Donovan is Head of Electrified Transport at BloombergNEF. She is responsible for the coverage of the global electrified transport markets, and specializes in the analysis of the electric vehicles sales trends, infrastructure development and changing policy environment. Aleksandra has been with BloombergNEF since 2008, and prior to her role in the Advanced Transport team she has lead research focused on global biomass-to-power, waste-to-energy and biofuels markets. Aleksandra finished her Master's degree in Sustainable Technologies at the Royal Institute of Technology in Stockholm, Sweden. She also holds a BSc in Environmental Protection and Management from the Gdansk University of Technology, Poland. Andrew Grant Intelligent Mobility BloombergNEF Andrew Grant leads BloombergNEF's global Intelligent Mobility research team, which produces research, datasets and long-term outlooks on shared mobility services and autonomous vehicles. Andrew is also an author and the lead modeler of BNEF's annual 'Long-Term Electric Vehicle Outlook'. Based in London, U.K., Andrew holds MSc Applied Economics and Bachelor of Business Science in Economics degrees from the University of Cape Town. Charging Infrastructure BloombergNEF Ryan leads Charging Infrastructure research at BloombergNEF. He covers the technology, policy and economic factors shaping the transport sector. Within the team Ryan authors research on the status of the industry, financial analysis and forecasts. He regularly contributes to Bloomberg's Hyperdrive column with opinions and analysis from his research. Prior to joining BloombergNEF Ryan worked at Jaguar Land Rover for five years working on their electrification and mobility strategies. Ryan holds a master's degree in Automotive Technology from the University of Warwick and a degree in Aerospace Engineering from the University of Liverpool.
Yahoo
17-07-2025
- Business
- Yahoo
Trump's Law To Cut US Clean Energy Installs 41%, BNEF Says
(Bloomberg) -- US annual clean-energy installations will plunge 41% after 2027, due to the rapid phase-out of wind and solar tax credits in President Donald Trump's sweeping economic legislation. The Dutch Intersection Is Coming to Save Your Life Advocates Fear US Agents Are Using 'Wellness Checks' on Children as a Prelude to Arrests LA Homelessness Drops for Second Year Manhattan, Chicago Murder Rates Drop in 2025, Officials Say Deployments will fall to 48 gigawatts in 2028 when wind and solar projects will lose eligibility for the tax incentives, according to a report Thursday from BloombergNEF. That's compared to 81 gigawatts the prior year as developers race to complete projects before the cutoff date. 'A short path still exists for wind and solar projects to access these credits, but it will not be an easy road ahead for most developers,' analysts with BloombergNEF wrote in the report. While renewables are often the cheapest source of electricity, the forecast underscores the reliance clean energy still has on subsidies. Eliminating federal incentives threatens to upend the US energy industry by hampering the roll out of wind and solar, which have become the biggest sources of new electricity generation. The decline will come at a critical moment, as the power industry scrambles to deliver additional capacity to meet an expected jump in demand from data centers running artificial intelligence. New wind, solar and energy storage additions through 2030 will drop 23% compared to an earlier BNEF forecast as a result of the new legislation. Onshore wind will see a 50% cut compared to the prior outlook with solar and energy storage experiencing a 23% and 7% drop, respectively. The shift will be especially hard on the solar industry. Once developers lose tax credits, only 30% of planned solar projects will be able to deliver competitive prices and are 'expected to survive,' according to the research company Enverus. About 57% of wind farms will be competitive without credits, according to an Enverus report issued this week. (Updates with comment from analysts in third paragraph) How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All What the Tough Job Market for New College Grads Says About the Economy Forget DOGE. Musk Is Suddenly All In on AI The Quest for a Hangover-Free Buzz How Hims Became the King of Knockoff Weight-Loss Drugs ©2025 Bloomberg L.P.
Bloomberg
17-07-2025
- Business
- Bloomberg
Trump's Tax Law to Cut US Clean Energy Installs 41%, BNEF Says
US annual clean-energy installations will plunge 41% after 2027, due to the rapid phase-out of wind and solar tax credits in President Donald Trump's sweeping economic legislation. Deployments will fall to 48 gigawatts in 2028 when wind and soalr projects will lose eligibility for the tax incentives, according to a report Thursday from BloombergNEF. That's compared to 81 gigawatts the prior year as developers race to complete projects before the cutoff date.
Bloomberg
17-07-2025
- Business
- Bloomberg
Capex and Investment in the New Industrial Revolution
Just how green are the investment portfolios of credit, equity and multi-asset funds? Building on its existing suite of banking and investment ratios, BloombergNEF has introduced the Energy Supply Fund-Enabled Capex Ratio, which assesses how much a given investment portfolio is contributing to low-carbon capital expenditures for every dollar directed to fossil fuels. Worldwide, low-carbon energy gets just 48 cents for every fossil-fuel dollar, but the regional picture when it comes to funding this new 'industrial revolution' is far more complex. On today's show, Dana Perkins is joined by BNEF finance and investment associate Ryan Loughead to discuss how investors are funding the low-carbon industrial revolution and the inaugural 'Energy Supply Fund-Enabled Capex Ratio' report.
