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Gresham House plc

Wind and solar to deliver half the world’s power by 2050

Wind or solar now represent the least expensive option for adding new power generation capacity in approximately two-thirds of the world.

And further falls in technology will see the two leading forms of renewable energy powering nearly half of the global grid by 2050 and attracting $9.5 trillion in new investment between now and then.

Those are two of the headline findings from the latest New Energy Outlook report from BloombergNEF (BNEF), which was unveiled yesterday and compares the costs of competing energy technologies through a levelized cost of energy analysis.

Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, renewables, new energy and housing.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.