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Bloomberg: the Asia-Pacific region will support renewable energy generation

Polaris solar PV net news: according to the research firm Bloomberg new energy finance (BNEF) according to a report by the Asia-Pacific region by 2030, it will spend $ 3.6 trillion for the construction of new electricity capacity, and two-thirds of which will invest in renewable energy technologies, such as wind power, solar power and hydropower.

Bloomberg new energy finance 2030 market Outlook report by supply and demand model, technology change and national/regional policy guidance based on forecast: during 2014-2030 NET Global 5000 GW of new capacity in the Asia-Pacific region will account for more than half of the contribution.

This is equivalent to investing in Asia Pacific region $ 3.6 trillion in funds. Fossil fuels such as coal and natural gas power generation in the region will continue to grow, despite the resulting pollution and climate change concerns over stronger and most growth will come from renewable energy sources – are expected between now and 2030, the sector could attract $ 2.5 trillion in investments, will add 1,700 gigawatt of installed capacity.

Global energy-demand growth map (dark red to the minimum, dark green to a maximum)

Bloomberg new energy finance head of Asia-Pacific MiloSjardin said: “between now and 2030, this period of time, the Asia-Pacific region to achieve considerable growth in solar power, nearly 800 gigawatts of new photovoltaic installation is estimated to be about, including the small rooftop installations and large power projects. This growth will be driven by the hand of the market, rather than government subsidies. Our analyses indicate that, by 2020, which is only 6 years later, photovoltaic power generation can be compared with other sources of energy in terms of the economy. ”

“But this is not to say that fossil fuels will exit from the stage of history. Instead, Asia’s strong economic growth will boost coal and gas power generation respectively in the period 2014-2030 and 314 434 GW GW NET installed capacity growth. That is, the carbon emissions in the future in this area for quite a long period of time will continue to climb. ”

2013~2030 Asia-Pacific countries to power generation capacity (GW)

To look at the situation of the countries of the region. China by 2030 is expected to net new 1400 GW of installed capacity in order to meet the electricity demand will be twice as long as the current. It will need to invest a total of about 2 trillion US dollars in cash, of which 72% will be used for renewable energy such as wind power, solar power and hydropower development.

Japan electric power industry development over the next 16 years track is completely different. By 2021, Japan’s electricity needs will only be able to rebound to its 2010 level; since then, due to efficiency increase will be partly offset by the increase in electricity demand of economic growth, Japan’s annual electricity demand growth will be maintained at around 1%. During the 2014-2030, Japan used its capacity will reach about $ 203 billion of investment, including investments for small rooftop PV accounted for $ 116 billion, renewable energy accounted for $ 72 billion.

India’s installed capacity by 2030 is projected to quadruple from 2013 236 GW in 2030 to 887 GW. In the installed portion increasing, 169 GW from a large photovoltaic power plant projects, 98 gigawatts from onshore wind. Hydroelectric capacity rise to 95 GW, 155 gigawatts of coal-fired power growth, natural gas power generation growth of 55 GW. The total investment will reach us $ 754 billion by 2030, of which 477 billion dollars will be used for the development of renewable energy.

Global vision, Bloomberg new energy finance predicted that by 2030, the total investment to build new capacity will reach 7.7 trillion dollars, of which 66% ($ 5.1 trillion) will be used for the development of renewable energy, including hydropower. 5.1 trillion dollars to invest in renewable energy, the Asia-Pacific region will account for $ 2.5 trillion, America $ 816 billion, $ 967 billion in Europe, other countries and regions (including the Middle East and Africa) for $ 818 billion.

By 2030, fossil-fuel power generation will still take the largest share of global installed electricity capacity, reached 44%, compared to 64% declined to a certain extent in 2013. Over the next 16 years, coal, natural gas and fuel oil power in the world would create a total of about 1,073 gigawatts of installed capacity, which does not include the replacement of old coal-fired power plants. New thermal power installed capacity, the vast majority of developing countries in order to meet the growth in demand for electricity from industrial development and construction, while also balancing wind power, solar power and other facilities used by the non-stabilized output power. By 2030, PV and wind power in the total share of global electricity capacity will be increased to 16% from 3% last year.

Bloomberg new energy finance Advisory Board Chairman of MichaelLiebreich commented that “this investment in our global electricity market of national technology to predict, than some of the other research institutions in terms of prediction of future market share of renewable energy are to be brave. This is mainly because we realize sustainable cost reductions for the industry to be more confident. What we see is that at 20 before the end of this century, global emissions of carbon dioxide will be able to stop growing, peaking emissions dates delayed only because of the rapid economic growth of developing countries in the development of renewable energy at the same time continuing to increase fossil fuel generation capacity. ”

Original title: Bloomberg: the Asia-Pacific region will support renewable energy generation

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