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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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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. It also invested $58 billion in new wind projects, up 107% year-on-year.

Financing 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. Last year, China commissioned as much solar PV as the entire world did in 2022, while the country’s wind power increased 66 percent year over year.

Coal 128
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How to Hasten India’s Transition Away From Coal

Cars That Think

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. cents per kilowatt-hour, and wind power to 3.4

Coal 83
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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. These networks have to be resilient and smart to ward against future shocks but also to accommodate rising shares of wind and solar power. —Dr Birol. —Dr Birol.

Global 344
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HVDC Networks Come to Europe

Cars That Think

Starting around the middle of 2024, the Shetlands—and also part of mainland Scotland—will be powered by the 443-megawatt Viking wind farm , consisting of 103 wind turbines on the main island of Shetland. According to Plet, wind energy is driving an acceleration of HVDC installations in Europe.

Europe 123
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Good news – the world has a real chance of achieving its goal of tripling renewables by 2030

Baua Electric

The largest growth took place in China, which commissioned as much solar in 2023 as the entire world did in 2022, while China’s wind power additions rose by 66% year-over-year. Solar and wind account for 95% of the expansion, with renewables overtaking coal to become the largest source of global electricity generation by early 2025.