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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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Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. It also invested $58 billion in new wind projects, up 107% year-on-year.

Financing 243
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France and Québec to partner on electric vehicles

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The Prime Minister of Québec Pauline Marois and the Minister of Economy and Finance of the French Republic, Pierre Moscovici announced the creation of a Franco-Québécois working group on electric vehicles to promote collaboration between industry and research in Québec and France in this area.

France 218
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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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But a range of both advanced and emerging economies have recently announced energy strategies that include substantial roles for nuclear power as well as considerable financial incentives to invest in it. Government financing will remain necessary to mobilise new investment, not just for plants but also to develop the latest technologies.

Russia 458
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Plug Power, Chart Industries and Baker Hughes to become cornerstone investors in FiveT Hydrogen Fund; clean hydrogen at scale

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The energy industry and many corporations broadly agree the hydrogen economy needs to build scale at speed to succeed and become a key part of the solution to building a net-zero global economy. The Fund will exclusively finance projects in the production, storage and distribution of clean hydrogen.

Hydrogen 170
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Air Liquide, Groupe PSA, Schneider Electric, Valeo to produce respirators in response to the French government request

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These intensive care respirators are already being produced by the teams located on the site in Antony, France, and two-thirds of that order will be delivered to health facilities by the end of April. A pre-assembly of the mechanical part of the respirators will be executed on the site of Groupe PSA in Poissy, France.

France 411
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EC approves €3.2B public support by 7 Member States for a pan-European battery push

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The European Commission has approved under EU State aid rules an Important Project of Common European interest (IPCEI) jointly notified by Belgium, Finland, France, Germany, Italy, Poland and Sweden to support research and innovation in the common European priority area of batteries. billion in funding.

Battery 259
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EIB to Contribute Up to €300M in Financing to Valeo for €645M Fuel Consumption and Emissions Reduction Projects

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The European Investment Bank (EIB) will grant financing of up to €300 million (US$426 million) to Valeo for its current research projects aiming to reduce the fuel consumption and CO 2 emissions of cars and improve active safety. billion were in France. Tags: Europe Financing Policy Vehicle Manufacturers. billion (US$81.9

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