World Energy Council and Bloomberg Signs Landmark Deal

Green Energy

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.

Since 1934 the WEC’s survey has provided the core data used by many other compilers of energy information, such as the United Nations, the International Energy Agency, and the energy company BP for its Statistical Review of World Energy. Last year the WEC’s 2010 Survey of Energy Resources was downloaded over 3 million times from 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 an extensive global network of financial and energy sector clients. By combining these two elements – equipment costs and costs of capital – the firm produces, on a quarterly basis, the definitive estimate costs of electricity for clean energy technologies worldwide.

The World Energy Survey of Resources and Technologies will bring together the expertise of the two organisations to produce a complete view of the global energy resource and technology landscape.

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