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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Investment in new large- and small-scale solar projects rose to a record-breaking $120 billion, up 33% from the first half of 2021. China posted remarkable investment growth in both wind and solar project finance, according to the report. China is well on track to hit its 1,200 gigawatt wind and solar capacity target by 2030.

Financing 243
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Tesla Megapacks go live in Oahu, garnering visit from executive

Teslarati

Tesla’s Megapacks offer energy storage for renewable sources like solar, and as the company deploys more and more of these projects around the world, one large site with these giant batteries has just gone online in Hawaii. Tesla highlights latest milestone in Megapack energy storage deployment What are your thoughts?

Hawaii 135
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Tesla Megapack batteries are powering Britain’s largest energy storage project

Teslarati

The construction of the United Kingdom’s largest energy storage project has begun, and it is expected to be a true difference-maker when the supply of renewables like solar or wind is low. The Tesla Megapack installation in southeast England is not the first large-scale battery in the country.

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EU greenhouse gas emissions from transport increased for the second year in a row in 2015; on-road up 1.6%

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In fact, ETS emissions for stationary installations decreased by 0.7%, whereas emissions from the non-trading sectors increased by 1.4% The United Kingdom showed the largest decrease of greenhouse gas emissions in the EU. Spain, Italy and the Netherlands accounted for the largest increases in greenhouse gas emissions in the EU.

2015 150
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Algae.Tec Signs MOUs for China and Australia to Deploy Algae Bioreactor Technology

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The MOU with Australian ethanol producer Manildra Group will see several photo-bioreactors installed at Manildra’s starch and ethanol production facility at Nowra, NSW, which Algae.Tec anticipates could be up and running in Q2 2011 subject to receipt of all necessary approvals and execution of binding agreements.

Australia 186
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Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

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2010 and 2015 LCOE ranges for solar and wind technologies. The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. Bottom: LCOE ranges for solar PV and wind technologies at three discount rates. Source: IEA/NEA. Click to enlarge. Source: IEA/NEA.

Cost Of 150
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Inside the Global Race to Tap Potent Offshore Wind

Cars That Think

There’s good reason for this hustle: The United Kingdom wants to add 34 gigawatts of offshore wind power by 2030, en route to decarbonizing its grid by 2035. The Biden administration has called for 15 GW of floating offshore wind capacity in the United States by 2035, and recent research suggests that the U.S.

Wind 127