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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Renewable energy investment slightly declined in 2018, with modest growth through 2019.

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Waste-to-biofuels company Enerkem raises C$280M, its largest financing round

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In addition to new investors BlackRock and Sinobioway, existing investors also participated in this financing. In November 2017, Enerkem received approval from the US Environmental Protection Agency (EPA) to sell cellulosic ethanol produced at its Edmonton facility under the US Renewable Fuels Standard (RFS). Earlier post.).

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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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thousand in 2017. Investment in new wind, solar, and other non-large hydro renewables projects in the country fell to $86 billion in 2018 from $122 billion in 2017. Across all emerging markets surveyed, 2018 investment fell to $133 billion, lower than not just the 2017 total but the 2015 figure as well. billion and $2.7

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Haldor Topsoe signs €45M funding deal with EIB to drive green energy transition

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The EIB financing is supported under the European Fund for Strategic Investments (EFSI), the main pillar of the European Commission’s Investment Plan for Europe. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. —Roeland Baan, CEO of Haldor Topsoe.

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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. —IEA Executive Director Fatih Birol.

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Gevo signs definitive supply agreement with HCS Holding for commercial supply of renewable isooctane

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has entered into a definitive supply agreement with HCS Holding GmbH (HCS) to supply renewable isooctane ( earlier post ) under a five-year offtake agreement. This first phase commences in May 2017 and would continue until completion of Gevo’s first large-scale commercial hydrocarbon plant.

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Volkswagen commissions fast-charging park with 570 kWh of second-life MEB cell modules

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Innovative ideas like this could provide renewed impetus for the critical buildup of fast-charging infrastructure. —Karen Kutzner, managing director for finance and controlling at Volkswagen Sachsen. As a large battery storage unit, the PSC offers a cost-effective alternative to a transformer station.

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