Offshore wind, frontier power & UK energy
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Bloomberg New Energy Finance
Week in Review
A weekly selection from our research and news teams
Cheung: The EV bandwagon is accelerating, but is it unstoppable?
First Norway and the Netherlands, then France and now the U.K. have all stated their intent to phase out conventional petrol and diesel cars once and for all. For those who have been following the progress of electric vehicles, these developments have been a long time coming. In this opinion piece, Albert Cheung, BNEF’s Head of Analysis discusses how ambitious these targets are, and how they compare to BNEF's forecast.
From our partners

European offshore wind players look to China for growth
  • China’s market to be bigger than the U.K. or Germany by 2022
  • China could make up a third of the total market by 2030
Global cumulative installation forecast
Source: Bloomberg New Energy Finance. Note: ‘Other’ includes Finland, France, Ireland, Italy, Japan, Korea, Taiwan, U.S., Norway, Portugal, and Sweden.
The global offshore wind market will almost double by 2020, and China will be the fastest-growing region outside core markets in Europe. Installations in China will surpass those in the U.K. and Germany in 2022, according to the latest forecast from Bloomberg New Energy Finance. European offshore wind turbine companies are looking for routes to market or gain a foothold in the region. Dong Energy A/S and Macquarie Group Ltd. currently own stakes in projects in Taiwan. MHI Vestas Offshore Wind A/S is opening a regional office in Japan. They expect these bases to make the leap into China a little easier. View on web and share with a colleague.
From our partners

3Q 2017 Frontier Power Market Outlook
The market for micro-grids and hybrid generation in emerging economies is getting bigger, with particularly strong demand from islands, remote regions, and the mining sector. While the project count remains small, policy-makers and project developers are growing more comfortable with the role that micro-grids and stand-alone solar kits play in serving remote regions. Download the report.
From our partners

Ofgem’s vision for U.K. energy
The U.K. has laid out a vision for the future of its energy grid. The report envisions distribution companies like UK Power Networks moving increasingly from being network owners towards system operators. It also aims to create more opportunities for behind-the-meter resources to provide system flexibility, benefiting firms like Moixa, Limejump, and Open Energi. While many of the recommendations are already underway, the overall vision will take plenty of work to achieve. Read more.
From BNEF

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