Clean Energy Is Comparable to Fossil Energy Reserves, BNEF Says
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The "energy reserves" contained in wind and bioenergy projects in the U.S. and Brazil are "significant" compared to oil and gas in the countries, according to a study commissioned by BP Plc that estimates the barrels of oil equivalent for the renewable resources.
The study, based on Bloomberg New Energy Finance analysis, found that wind and bioenergy projects in Brazil have more than two-fifths of the energy content of the country’s proven oil and gas reserves, the London-based group said in an e-mailed statement. Similar projects in the U.S. have about one-seventh the energy content of the country’s fossil fuel reserves.