article thumbnail

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. The latter cost at $74 and $81 per MWh, respectively.

Cost Of 210
article thumbnail

AFRY, RINA study points to feasibility and attractiveness of Gulf-to-Europe hydrogen pipeline

Green Car Congress

RINA, the inspection, certification and consulting engineering multinational, and AFRY, a European leader in engineering, design, and advisory services, have undertaken an initial study of how the Gulf region and Europe could be linked directly with a pipeline to transport low-carbon hydrogen. million tonnes of hydrogen annually.

Europe 370
article thumbnail

Study confirms €1T green hydrogen potential for Africa

Green Car Congress

Green hydrogen is economically viable at €2/kg and can accelerate low-carbon economic growth across continent and reduce emissions by 40%. The analysis highlights the benefits of harnessing solar power to create green hydrogen in four African hubs: Mauritania, Morocco, southern Africa and Egypt.

Africa 481
article thumbnail

Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

Green Car Congress

CCC and Fusion Fuel have agreed to cooperate on projects involving the production of green hydrogen for potential clients in the refining and petrochemical industries in order to reduce their carbon footprint. However, the cost is one very large fly in the ointment. Many more will follow.

Fusion 170
article thumbnail

More than 50 percent of MoUs signed in Vibrant Gujarat are green | Autocar Professional

Baua Electric

On the final day of the summit, seminars and conferences on subjects including circular de-carbonisation of the economy and going towards Net Zero through carbon trading, waste-to-energy recycling, opportunities in circular de-carbonisation of the economy and conferences are expected to be organised.

Green 52
article thumbnail

ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

Green Car Congress

This geographically diverse group comprises Brazil and Mexico in the Americas; South Africa and Nigeria in Africa; Egypt and Turkey in North Africa/Mediterranean; Saudi Arabia and Iran in the Middle East; as well as Thailand and Indonesia in Asia. The OECD represents the developed economies.

Energy 252
article thumbnail

Falling Domestic Fares and an A.I. Arms Race: What Travelers Can Expect in 2024

Baua Electric

Reasons for the falling prices include increased airplane capacity — the number of seats on a given route — and a drop in the cost of jet fuel. More distant destinations, including Egypt and India, are also gaining traction as well as polar excursions and world cruises, she said.

Egypt 97