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

Green Car Congress

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. More recently, labor costs started to rise.

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T&E: Denmark, Luxembourg, Netherlands lead deployments of zero-emission buses in Europe

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In Sweden, Norway and Finland, respectively 26%, 24%, and 23% of urban buses registered in 2019 were zero-emission (electric or hydrogen). In 2019, less than 10% of their newly-registered urban buses were electric or hydrogen. However, Germany is now financing 80% of the higher purchase cost of e-buses.

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IRENA report says tripling renewables investment required to reach 2050 climate goal

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The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8 Renewable energy investment slightly declined in 2018, with modest growth through 2019. Although this was largely due to the decreasing costs of renewables, the total installed capacity continued to grow.

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EV Life is awarded CalSEED grant from the California Energy Commission to make financing electric cars cheaper than gas vehicles.

EV Life

EV Life was founded in 2019 with a mission to accelerate the adoption of electric vehicles. EV Life’s Climate Loan aims to lower the monthly cost of an EV by up to $200/month. Particularly in a recession, it’s more critical than ever that we make financing EVs cheaper than gas today,” says Peter Glenn, EV Life’s Co-Founder. “To

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Electric pickup startup Lordstown Motors goes public via SPAC; $1.6B transaction

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In November 2019, the Lodstown Motors acquired the Lordstown Complex, formerly a General Motors Corporation (GM) factory. The design significantly increases reliability, maximizes performance, and reduces total cost of ownership. The combined entity will trade on the NASDAQ exchange under the ticker symbol “RIDE.”.

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Hyundai Motor to establish hydrogen refueling station for fuel cell electric buses at Incheon Airport with partners, provide buses

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Hyundai will support the construction cost of the hydrogen refueling station while providing up to 12 fuel cell electric buses as well as their maintenance and service. The partnership is part of Korea’s Ministry of Environment’s project to install hydrogen refueling stations and subsidize privately financed infrastructure projects.

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Chinese steel group Tsingshan investing $375M to build lithium plant in Argentina with Eramet

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interest, and will retain operational management responsibility; its partner Tsingshan is financing the plant construction in exchange for 49.9% For this project with high value creation potential, our partner Tsingshan will provide its industrial expertise and financing capabilities needed for the construction of the plant.

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