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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). BloombergNEF’s estimates for the global LCOE for utility-scale PV and onshore wind rose to $45 and $46 per megawatt-hour (MWh), respectively, in the first half of 2022.

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Yellen visits US lithium site in Chile, eyes progress on green transition – ET Auto

Baua Electric

Chile also aims to reach 100% in EV sales by 2035 and could well lead the way in green hydrogen, with more than 40 green hydrogen projects underway. lithium producer Albemarle in northern Chile , saying that expanded U.S.-Chilean Yellen’s visit to Chile is part of a broader push by the Biden administration to diversify U.S.

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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

Green Car Congress

billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. billion, up 12%, while investment in stationary energy storage technologies such as batteries was $3.6 billion, and wind (onshore and offshore) down 6% at $142.7

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Wärtsilä report finds accelerated adoption of renewables can reduce electricity production costs by up to 50%

Green Car Congress

Significant cost reductions can be achieved by front-loading the deployment of renewables, mainly wind and solar photovoltaic, and by utilizing the technologies needed to balance their inherent intermittency, such as energy storage and thermal balancing power plants.

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

A battery electric vehicle (BEV) uses an electric motor instead of an internal combustion engine. These vehicles use large traction battery packs to power the motor. So, are electric vehicles are still as eco-friendly when the manufacturing process of the car and battery are taken into consideration?

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

A battery electric vehicle (BEV) uses an electric motor instead of an internal combustion engine. These vehicles use large traction battery packs to power the motor. What’s less clear, is whether electric vehicles are still as eco-friendly when the manufacturing process of the car and battery are taken into consideration.