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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

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Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Wind and solar grow from 7% of generation today to 48% by 2050. This will attract $13.3

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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses. —Seb Henbest, head of Europe, Middle East and Africa for BNEF and lead author of NEO 2018. NEO 2018 sees $11.5

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Volvo Cars? Chengdu car plant powered by 100% renewable electricity; 65% hydropower

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It is the latest concrete step towards Volvo Cars’ ambition to have climate-neutral manufacturing by 2025, part of a wider climate plan that aims to reduce the overall carbon footprint per car by 40% between 2018 and 2025. By 2040, Volvo Cars aims to be a climate-neutral company. The new contract addresses the last 30%.

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SMUD Board of Directors adopts climate emergency declaration; carbon neutrality by 2030

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In 2018, SMUD successfully reduced greenhouse gas emissions by 50% from 1990 levels, the equivalent of removing 377,000 vehicles from the road. SMUD also helped grow the local market for solar development by providing $130 million in customer incentives to install solar on more than 15,000 local rooftops.

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GM makes its largest green energy purchase to date; 50 MW wind deal

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General Motors has made its largest renewable energy procurement to date, purchasing enough wind power to equal the electricity needs of 16 of its US facilities, including business offices in Fort Worth and Austin, Texas, a major assembly and stamping complex in Arlington, Texas, and 13 parts warehouses east of the Mississippi River.

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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.

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Audi of America and Arcadia offer renewable energy subscription with e-tron or e-tron Sportback lease or purchase

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Arcadia connects renters and homeowners across the US to wind and solar energy through utility data and billing technology. In select markets within Colorado, Illinois, Maine, Maryland, Massachusetts, New York, and Rhode Island, Arcadia’s platform connects qualifying customers to community solar projects in their area.

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