By 2040, prices will fall 66 percent for solar, 47 percent for onshore wind, and 71 percent for offshore wind. BNEF says that means 72 percent of the $10 trillion invested into energy by 2040 will be directed into renewables. Renewables prices are falling far faster than anticipated.
NEO is our annual long-term economic forecast of the world's power sector. Focused on the electricity system, NEO combines the expertise of over 80 market and technology specialists in 12 countries to provide a unique view of how the market will evolve.