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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. Wind project financing was up 16% from 1H 2021, at $84 billion. China posted remarkable investment growth in both wind and solar project finance, according to the report.

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AMPLY Power and Duke Energy Sustainable Solutions collaborate on bus fleet electrification and solar-powered overhead charging

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AMPLY Power is working with Duke Energy Sustainable Solutions to expand fleet electrification offerings, including the first commercially available combination solar canopy and overhead electric vehicle charging solution covered by a power purchase agreement (PPA) leasing and financing model. PIDE Canopy Mount.

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BNEF: cost of new renewables rises as inflation starts to bite

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The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.

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REC to offer financing for 50,000 e-buses over the next 2-3 years | Autocar Professional

Baua Electric

For the fiscal year ended 2023-24, REC CMD said funding for all green energy projects, which includes a mix of solar, wind energy, and electric mobility, has increased by 533%, from Rs 21,554 crore in FY23 to Rs 1,36,516 crore, including electric mobility and green hydrogen.

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SolarCity and Honda to finance $50M more in solar projects for Honda and Acura customers and dealerships

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SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The new commitment will make solar power more affordable and available to Honda and Acura customers and dealerships in the US. MW of solar generation capacity. MW of solar generation capacity.

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BNEF: wind and solar boost cost-competitiveness versus fossil fuels

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This year has brought a significant shift in the generating cost comparison between renewable energy and fossil fuels, according to detailed analysis by technology and region, published this week by Bloomberg New Energy Finance. —Seb Henbest, head of Europe, Middle East and Africa at BNEF.

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Study confirms €1T green hydrogen potential for Africa

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Africa can produce 50 million tons of green hydrogen a year by 2035, according to a new study by the European Investment Bank (EIB), International Solar Alliance and the African Union, with the support of the Government of Mauritania, HyDeal and UCLG Africa. This is equivalent to energy costs of US$60 a barrel.

Africa 481