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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Europe’s performance was driven by a record year for electric vehicle sales, and the best year in renewable energy investment since 2012. Renewable energy investment.

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Global Bioenergies and Cristal Union form JV to produce renewable isobutene

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Global Bioenergies, a developer of one-step fermentation processes for the direct and cost-efficient transformation of renewable resources into light olefins, and Cristal Union, the 4 th largest European beet producer, have formed IBN-One, a joint venture to build and operate the first plant in France converting renewable resources into isobutene.

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President’s 2016 Budget requests $29.9B for DOE; 9% boost over FY 2015 enacted; $793M (2.7%) for sustainable transportation

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President Barack Obama’s 2016 Budget requests $29.9 The FY 2016 DOE Budget Request represents a 9% increase ($2.5 billion, the FY 2016 Budget requests $4.8 billion, the FY 2016 Budget Request provides $5.34 billion for the US Department of Energy (DOE). billion) above the FY 2015 enacted level. Within the $10.7

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Volkswagen Group to invest more than €62 billion up to 2016; largest-yet investment package for new models, advanced technologies and production facilities

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The ratio of capital expenditure to sales revenue will be at a competitive level of around 6% on average in the period from 2012 to 2016. Besides investments in property, plant and equipment, the total amount also includes additions to capitalized development costs of €11.6 The Volkswagen Group will invest around €62.4 billion (US$85.4

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Proterra and Mitsui create $200M credit facility to scale Proterra battery leasing program

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Mitsui, a leading Japanese investment and trading company, holds a diversified portfolio of businesses in various sectors, including mobility, infrastructure and renewable energy. Proterra has been a leader in offering flexible financing options to lower upfront costs of an electric bus to be competitively priced against diesel buses.

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DOE to award $118M to 17 projects to accelerate domestic biofuel production

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Financing for novel biorefinery process systems can be a barrier to commercializing advanced biofuels, and this funding will reduce technological uncertainties and enable industry deployment. Captis Aire LLC, “Renewable Blending Components to Enable 100% Sustainable Aviation Fuel (SAF)”, $2,000,000. Comstock Inc.,

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Orange EV approved to give up to $150K discount for electric terminal trucks with NY EV vouchers

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Vouchers may be requested through December 31, 2016. Additionally, with electric trucks, fleets avoid the higher cost to purchase, operate and maintain Tier 4 diesel emission systems. Traditional equipment financing programs are also available.

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