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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

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The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.

Renewable 150
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Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

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However, the financial cost of the shift is causing concern. These costs are primarily borne by consumers. To date, renewables have had feed-in priority over conventionally generated power from combined cycle and coal-fired power plants. Siemens stands behind the energy transition. One possibility here is auctions.

Germany 239
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewable energy projects are frequently financed with project rather than corporate finance. by Bill Cooke.

Financing 150
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Asian Development Bank providing $300M towards replacing 100K gasoline trikes with E-Trikes in the Philippines; $300M for major road upgrades in Chhattisgarh, India

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In line with the government’s plan to develop a national e-vehicle industry, the project will support the establishment of an e-vehicle parts industry, battery supply chain, and charging stations, including five off-grid solar charging stations. More than 40% of Chhattisgarh’s 21 million residents live below the poverty line. million.

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How to Hasten India’s Transition Away From Coal

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Greenhouse gas emissions will certainly grow too, because India’s energy generation is dominated by fossil fuels—coal-fired power plants for electricity, coal- and gas-fired furnaces for industrial heating, liquid petroleum gas for cooking, and gasoline and diesel for transportation. costs less than fossil-fuel-based electricity.

Coal 82
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PwC industry survey provides check-up on determining factors for EV success

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More than 200 participants from the automotive, utilities, energy, technology, government, finance, education and other sectors provided their feedback for the effort. 19% of those surveyed indicated the government should bear the primary burden of developing and funding an EV infrastructure or smart grid. —Charging Forward.

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World Bank/PRTM study finds global value chain shift resulting from vehicle electrification could favor China from technology and supply chain perspectives

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A newly released report financed by the World Bank and prepared by consultancy PRTM analyzes China’s New Energy Vehicles Program, as well as the Ten Cities, Thousand Vehicles Program, in the context of these megatrends and concludes that the overall value chain shift could favor China from both a technological and supply chain perspective.

China 199