article thumbnail

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

Green Car Congress

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
article thumbnail

UK moves ahead on lower-carbon power to end coal use by 2025

Green Car Reports

The United Kingdom is increasing its use of low-carbon energy sources as it moves to phase out coal-fired power plants altogether by 2025.

Coal 103
article thumbnail

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 104
article thumbnail

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. Located in southeast England, the facility would provide 99 MW of power that will be stored in Tesla Megapack batteries.

article thumbnail

IEA: time to tap into hydrogen’s potential to play a key role in a clean, secure and affordable energy future

Green Car Congress

Hydrogen can help to tackle various critical energy challenges, including helping to store the variable output from renewables like solar PV and wind to better match demand. A wide variety of fuels are able to produce hydrogen, including renewables, nuclear, natural gas, coal and oil. million by 2030.

Clean 255
article thumbnail

Berkeley study finds renewable portfolio standards insufficient to meet 2030 GHG emission targets; new policy required

Green Car Congress

The least expensive way for the Western US to reduce greenhouse gas emissions enough to help prevent the worst consequences of global warming is to replace coal with renewable and other sources of energy that may include nuclear power, according to a new study by University of California, Berkeley, researchers. —Daniel Kammen.

Renewable 231
article thumbnail

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

Green Car Congress

The United Kingdom showed the largest decrease of greenhouse gas emissions in the EU. However, the reduced use of solid fuels, for the third consecutive year, and the sustained increase in renewables—particularly biomass, wind and solar—offset otherwise higher emissions.

2015 150