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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

Green Car Congress

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. thousand in 2017.

Coal 243
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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

During the COP28 climate conference held in Dubai last month, world leaders from over 130 national governments agreed to set a goal to triple world renewable energy installations by 2030. Solar PV and wind account for 95 percent of the predicted 7,300 GW renewable expansion between 2023 and 2028. In the U.S.,

Coal 131
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In a ‘monumental shift’, EU coal and gas collapse as wind and solar ascend

Baua Electric

Photo: Hornsea Project Europe’s coal electricity generation tanked by 26% and gas by 15% in 2023, according to a new report from energy think tank Ember. What’s more, for the first time, wind power, which grew by 18%, surpassed gas, which only accounted for 17% of Europe’s electricity. Wind and solar power are now taking center stage.

Coal 52
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Study finds climate impact of hydropower varies widely

Green Car Congress

earlier post ), a new study by a team at Environmental Defense Fund finds that the climate impact of hydropower facilities varies widely throughout the world and over time, with some facilities emitting more greenhouse gases than those burning fossil fuels. They also estimated emissions caused by flooding the reservoir.

Climate 207
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New England to become the second coal-free region in the US

Baua Electric

Photo: PSNH/Flickr Both of New Hampshire’s coal plants are shutting, making New England the second coal-free region in the US. The Bow, New Hampshire-based power station has committed to retiring the coal-burning units at Merrimack and Schiller Stations in New Hampshire, by 2028 and 2025, respectively.

Coal 52
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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

Green Car Congress

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. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. trillion of that going to wind and solar and a further $1.5

Wind 220
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US wind generation fell in 2023 for the first time since the 1990s

Baua Electric

Annual US power generation from wind turbines declined in 2023 for the first time since the mid-1990s – here’s why. gigawatts (GW) of new wind capacity last year, but data from the US Energy Information Administration’s “ Power Plant Operations Report ” show that US wind generation in 2023 totaled 425,235 gigawatt-hours (GWh) – 2.1%

Wind 52