Solar energy panels
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WEC, Bloomberg New Energy ink landmark deal
World Energy Council head: Sustainable energy can only be achieved through robust policy and a strong, competitive energy industry. Both require a strong evidence base
The World Energy Council (WEC) and Bloomberg New Energy Finance (BNEF) have signed a partnership agreement to collaborate on the development of a comprehensive survey on the costs of new, renewable and conventional energy technologies.
The study will build on the WEC’s existing flagship Survey of Energy Resources, the prime compilation of global energy resources and reserves, published since 1934. The new report, entitled “World Energy Survey of Resources and Technologies," will be published in October 2013 during the 22nd World Energy Congress in Daegu, South Korea.
Bloomberg New Energy Finance runs proprietary indices tracking equipment prices for solar PV, wind turbines, batteries, and other technologies, while also closely tracking the costs of capital associated with financing clean energy projects through a network of financial and energy sector clients.
World Energy Council Secretary General Christoph Frei commented:“Sustainable energy can only be achieved through the combination of robust policy frameworks and a strong, competitive energy industry. Both require a strong evidence base. For over 80 years the WEC has been drawing on our extensive global network of member organizations to provide the data to help governments and industries make informed energy decisions."
Michael Liebreich, Chief Executive of Bloomberg New Energy Finance, said he believed the collaboration would be "very important."
“Energy prices are in a period of unusual flux: on top of the usual market volatility, we have seen a dramatic fall in US gas prices due to the breakthrough ‘fracking’ technology. We have also seen extremely rapid reductions in renewable energy costs, in particular for wind and solar."
"It is absolutely vital that policymakers, investors and energy industry executives have access to robust, up-to-the-minute data on the price landscape. Between Bloomberg New Energy Finance and the World Energy Council we have unparalleled access to data right across the energy spectrum, new and conventional," Liebreich said.
