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

Green Car Congress

While the number of new clean power-generating plants completed stayed flat year-to-year, the volume of power derived from coal surged to a new high, according to Climatescope , an annual survey of 104 emerging markets conducted by research firm BloombergNEF (BNEF). thousand terawatt-hours in 2018, up from 6.4 thousand in 2017.

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Exxaro Partners With Sasol Mining in JV to Supply Potential Mafutha CTL Plant in South Africa

Green Car Congress

Exxaro Resources Limited, a South African-based mining group, has entered into a prospecting joint venture agreement with Sasol Mining Proprietary Limited (Sasol Mining) for the development of a new coal mine to supply Sasol’s potential new inland coal-to-liquids (CTL) project.

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South African firm buys 307 Tesla Powerwall batteries to help with load shedding

Teslarati

South African retail firm TFG has bought 307 Tesla Powerwall battery storage units to support operations while state-owned power utility Eskom continues load shedding practices. . The South African retail firm ordered 227 Tesla Powerwalls in late July 2022 and another 80 Powerwall battery storage units about a month later.

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

Green Car Congress

The report, Projected Costs of Generating Electricity: 2015 Edition , also shows that new nuclear power plants generate electricity more cheaply than other established “baseload” sources—mainly coal- and gas-fired power plants—over the full lifetime of facilities when financing costs are relatively low.

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We Need More Than Just Electric Vehicles

Cars That Think

Manufacturing an EV battery using coal-based electricity results in more than three times the greenhouse-gas emissions of manufacturing a battery with electricity from renewable sources. 70 percent of lithium-ion batteries are produced in China, which derived 64 percent of its electricity from coal in 2020.