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

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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. billion and $2.7

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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.

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We’re closer to tripling renewable energy capacity by 2030 than we look – IEA

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Photo courtesy of Tom Brewster/BLM California Governments are rolling out renewables at a record pace, and tripling capacity by 2030 is within reach – it’s time to make Paris Agreement targets official. Of the 194 NDCs previously submitted, only 14 include explicit targets for total renewable power capacity for 2030.

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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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The amount is just a fraction of the estimated $35 trillion needed to be spent on the energy transition by 2030, according to the International Renewable Energy Agency. This includes spending on renewables such as wind and solar as well as grid and other infrastructure. trillion in 2022, IRENA said.

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Major power and gas company E.ON splitting in two; focusing on renewables, spinning off conventional power generation

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itself will focus on renewables, distribution networks, and customer solutions. In 2015, E.ON In 2015, E.ON SE will have three core businesses: renewables, distribution networks, and customer solutions. billion) compared to the previously planned 2015 capex of €4.3 In 2014 and 2015 E.ON SE shareholders.

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UK Review of Renewable Energy finds 30% renewables share by 2030 appropriate for the UK; a cautious approach to biofuels in transport

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A renewable energy share of around 30% by 2030 would be “appropriate” for the UK, with scope for a higher share (e.g. Our overall conclusion in this review is that there is scope for significant penetration of renewable energy to 2030 (e.g. —Renewable Energy Review. Renewable transport.

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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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The COVID-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year—from fossil fuels to renewables and efficiency—the International Energy Agency said in a new report. —Dr Birol.

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