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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. thousand in 2017.

Coal 243
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IEA: COVID-19 crisis causing the biggest fall in global energy investment in history

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This could be particularly detrimental to the outlook in some developing countries, where financing options and the range of investors can be more limited. Electricity grids have been a vital underpinning of the emergency response to the health crisis – and of economic and social activities that have been able to continue under lockdown.

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

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The Challenge of Intermittency and the Role of Batteries The transition to renewable energy sources such as solar and wind power is gaining momentum globally. For instance, during periods of reduced solar irradiance or wind speed, traditional energy sources such as coal often experience a surge in production to meet demand.

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

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The report, “ Renewable Power Generation Costs in 2014 ”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. Report highlights include: Cape Wind’s troubles. 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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Relying on a higher share of efficient, low-emission combined cycle power plants and wind energy could save €150 billion (US$200 billion) by 2030 while attaining the same CO 2 targets, Siemens says. The country should give greater priority to high-efficiency combined cycle power plants and wind power, the company suggests.

Germany 239
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SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

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It can also provide lowest-cost long-term storage for electrical grids relying on renewable energy. Bloomberg New Energy Finance reports that clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry. Hydrogen can also reduce and potentially replace natural gas in all applications.

Waste 448