article thumbnail

Global Wind Power Capacity Grew 28.8% in 2008; 120.8 GW Total

Green Car Congress

Global wind energy capacity grew by 28.8% GW at the end of 2008, according to the Global Wind Energy Council. More than 27 GW of new wind power generation capacity came online in 2008, 36% more than in 2007. The leading markets in terms of new installed capacity in 2008 were the US and China. billion (US$46.8

2008 150
article thumbnail

TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

Green Car Congress

Financing alternatives are being evaluated. TECO 2030 is a partner in the project Green Hydrogen @ Blue Danube, together with players such as Siemens, Bosch, AVL and Verbund, where hydrogen generated from solar and wind power will be produced in Romania and transported on barges along the Danube to industrial buyers in Austria and Germany.

Norway 468
article thumbnail

Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). We reached peak oil consumption in the US in 2008 and the same is true in the EU and Japan. ” Billion in 2008).

Financing 150
article thumbnail

IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

Green Car Congress

The report, “ Renewable Power Generation Costs in 2014 ”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. Report highlights include: Cape Wind’s troubles. Source: IRENA.

Renewable 150
article thumbnail

Pew: global clean energy investment reached record $243B in 2010

Green Car Congress

Global clean energy finance and investment grew significantly in 2010 to $243 billion, a 30% increase from the previous year. The United States, which had maintained the top spot until 2008, fell another rung in 2010 to third with $34 billion. Wind power continued to be the favored technology for investors at $95 billion.

2010 236
article thumbnail

JetBlue to go carbon neutral on all domestic flights by offsetting emissions starting in 2020; flying with SAF from SFO

Green Car Congress

Since 2008, JetBlue has already offset more than 2.6 Buying carbon credits means investing in emission reduction projects that require carbon offsetting financing in order to take place. The sale of carbon offsets help to finance the projects. billion pounds of CO 2 emissions in partnership with Carbonfund.org.

Carbon 150
article thumbnail

World Economic Forum Report: US$515 Billion Per Year Needed in Green Investments

Green Car Congress

The report’s authors, Max von Bismarck and Anuradha Gurung from the World Economic Forum, and Chris Greenwood and Michael Liebreich from New Energy Finance, argue that “ enormous investment in energy infrastructure is required to address the twin threats of energy insecurity and climate change. billion) in 2004.

Green 150