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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.

Coal 243
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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia

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Both scenarios expect that growth in electricity demand can primarily be met by deployment of renewables such as solar, due to their falling costs. Today, coal-fired plants meet more than 60% of Indonesia’s power demand. Under the ETS, coal’s share rises to a peak of 74% by 2027 and then declines to 24% in 2050.

Indonesia 195
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Australian Government establishes A$300M fund to support hydrogen projects

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The A$300 million (US$193 million) Advancing Hydrogen Fund will be administered by the Clean Energy Finance Corporation (CEFC). CEFC finance remains central to filling market gaps, whether driven by technology, development or commercial challenges. The CEFC Advancing Hydrogen Fund will draw on existing CEFC finance.

Hydrogen 286
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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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The unparalleled decline is staggering in both its scale and swiftness, with serious potential implications for energy security and clean energy transitions. The slowdown in spending on key clean energy technologies also risks undermining the much-needed transition to more resilient and sustainable energy systems. —Dr Birol.

Global 344
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Role of Batteries in Clean Energy Transitions – ET Auto

Baua Electric

India recently achieved a significant milestone in its journey towards clean energy with the commissioning of a 40 MW/120 MWh Battery Energy Storage System (BESS) in Chhattisgarh. However, beyond celebrating this achievement lies a broader recognition of the crucial role batteries play in driving clean energy transitions worldwide.

Clean 52
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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. Earlier Bloomberg New Energy Finance analysis showed that, with gasoline at $2.09 on 30 June to $61.60

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Tesla Virtual Power Plant is providing energy security to Australian homes

Teslarati

During the Q1 2021 earnings call, Elon Musk explained Tesla’s reason for integrating its solar and Powerwall products. He elaborated that Tesla solar or Solarglass Roof and Powerwall 2 integration would make installation easier and would turn homes or buildings into utilities, thereby giving people energy security. .

Power 117