As the first Quarter of 2017 comes to a close, we took a look at the 10 renewable predictions for 2017...Are they correct so far? How is the industry panning out? With Brexit and Donald Trump coming into power it has been an interesting start to the year, and one we are looking forward to unfolding... See more info from Bloomberg >> https://about.bnef.com/blog/10-renewable-energy-predictions-2017/

2. Energy storage will see further strong growth
in 2016, with year-on-year global
commissioned capacity addition looking like
exceeding 1 gigawatt for the first time. We
predict a doubling of new capacity from this
year’s 700 megawatts to 1.5 gigawatts, almost
all of it lithium-ion batteries.
1Global Investment to
Struggle

3. Energy storage will see further strong growth
in 2016, with year-on-year global
commissioned capacity addition looking like
exceeding 1 gigawatt for the first time. We
predict a doubling of new capacity from this
year’s 700 megawatts to 1.5 gigawatts, almost
all of it lithium-ion batteries.
Growth Spurt for
Batteries, Smart Meters
2

4. 3Solar Installations Fall in
China but Rise Worldwide
We are expecting new solar installations worldwide to
increase again, but by more modest proportion than in
recent years: 75 gigawatts, up from around 70 in 2016.
With the Chinese solar drive settling at a less frantic
rate of around 21 gigawatts per year, down from 26
gigawatts in 2016.

5. 4Wind Blows Sideways
Wind Energy is nevertheless maintaining
strong momentum – wind is now one of the
main workhorses in the power markets around
the world. BNEF expects another 59 gigawatts
to be commissioned in 2017, slightly up on last
years’ 57 gigawatts but still short of the 63
gigawatt record in 2015.

6. 5Coal and Oil
Rallies Peter Out
Energy storage will see further strong growth
in 2016, with year-on-year global
commissioned capacity addition looking like
exceeding 1 gigawatt for the first time. We
predict a doubling of new capacity from this
year’s 700 megawatts to 1.5 gigawatts, almost
all of it lithium-ion batteries.

7. 6US Gas Prices
Remain Firm
US Henry Hub natural gas prices rose sharply in
2016. Starting the year at $2.31 per MMBtu,
they finished December 2016 at $3.68, and
this price is set to stay

8. 7EVS Break the Million
Vehicle Milestone
In 2016, sales for Electric Vehicles were 70,000
units, 46% annual growth from around 450,000
in 2015. At the beginning of 2017, advanced
transport teams central estimated a further
jump to 900,000 EV sales.

9. 8Corporate Renewable
Energy on a Tear
Corporate purchasing of renewable energy has
become a very hot area. BNEF Research
showed that seven of the 10 largest quoted
cooperation's in the world have committed to
using 100% renewable electricity in their
operations

10. 9Resilience and Security
Receives Overdue Attention
2017 marks the year when the world gets
serious about protecting its increasing digital
and connected infrastructure – whether that is
malicious attacks, technical failures or
unpredicted weather impacts or spikes in
demand

11. The Climate Debate
Heats Up Again
10
Energy storage will see further strong growth in 2016,
with year-on-year global commissioned capacity addition
looking like exceeding 1 gigawatt for the first time. We
predict a doubling of new capacity from this year’s 700
megawatts to 1.5 gigawatts, almost all of it lithium-ion
batteries.