By 2040, zero-emission energy sources will make up 60% of installed capacity. Wind and solar will account for 64% of the 8.6TW of new power generating capacity added worldwide over the next 25 years, and for almost 60% of the $11.4 trillion invested.
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The future supply of electricity is bound to change dramatically soon, and coal and gas will begin their terminal decline in less than a decade, according to a new BNEF analysis.
The market will be experiencing profound change at all levels, and investors and industry professionals will have to keep an eye on eight massive shifts coming soon to power markets:
1. There Will Be No Golden Age of Gas
2. Renewables Attract $7.8 Trillion
3. Electric Cars Rescue Power Markets
4. Batteries Join the Grid
5. Solar and Wind Prices Plummet
6. Capacity Factors Go Wild
7. A New Polluter to Worry About