By 2040 the worlds new electricity investment will reach 10.2 trillion US dollars

By 2040 the worlds new electricity investment will reach 10.2 trillion US dollars

2017-06-19
By 2040 the worlds new electricity investment will reach 10.2 trillion US dollars


By 2040 the world's new electricity investment will reach 10.2 trillion US dollars

According to Peng Bo Department of new energy finance latest forecast, from now to 2040, the world's new electricity investment will reach 10.2 trillion US dollars, of which renewable energy will account for 72% of total investment.

According to the New Energy Outlook 2017, by 2040, solar energy costs will drop by 66%, land wind power costs are expected to drop 47%, while offshore wind power costs will drop 71%.

"This year's report shows a more dramatic low-carbon transition than predicted in previous years, with wind and solar costs plummeting and energy storage is growing rapidly," said Jon Moore, chief executive of Bloomberg Energy Finance.

According to the analysis, by 2040, 2.8 trillion will invest in solar energy, its capacity will jump 14 times, wind energy technology will attract 3.3 trillion US dollars, the capacity increased by 4 times. These two resources will add up to 48% of the global installed capacity, accounting for 34% of power generation, compared to the current 12% and 5% growth.

Pang Bo new energy finance said that the current in Germany, Australia, the United States, Spain and Italy, solar energy and coal has been as cheap. By 2021, China, India, Mexico, the United Kingdom and Brazil can achieve this level.

Renewable energy growth is due to battery technology. According to Bloomberg's new energy finance, lithium-ion battery energy storage market is expected to reach at least $ 239 billion.

"The greening of the global power system will not stop, thanks to the rapid decline in solar and wind energy, and the increasing importance of battery technology," said Seb Henbest, lead author of the report.