Last week, Michael Liebrich CEO of Bloomberg New Energy Finance, offered his perspective on the trajectory of clean energy. During his keynote speech, Liebrich highlighted forthcoming regional trends in environmentally friendly applications. Most interestingly from an industrial gas perspective, Liebrich highlighted the ever-decreasing cost of renewable energies such as photovoltaics.
Liebrich delivered the speech on 20th March at the Bloomberg New Energy Finance Summit. Within his speech the CEO alluded to some very optimistic trends for new energy and the associated industries.
He mentioned a 75% decrease in the price of photovoltaics since 2008 and over 45% decline in the last year alone. Unsurprisingly perhaps, Liebrich also noted that the European net capacity for PV has almost doubled since 2010. Indeed, according to Bloomberg, compared to other clean energy sectors, the PV market has undergone the largest, and most sudden, surge – encouraging news for adjunct industries such as industrial gas.
The feed and tariff rate in Germany is now lower than retail electricity prices…
Michael Liebrich, CEO Bloomberg New Energy Finance
Liebrich paid particular attention to PV growth in European regions such as Germany and Italy. With regards to solar energy he noted, “the feed and tariff rate in Germany is now lower than retail electricity prices on average.”
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