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BNEF: wind and solar boost cost-competitiveness versus fossil fuels

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This year has brought a significant shift in the generating cost comparison between renewable energy and fossil fuels, according to detailed analysis by technology and region, published this week by Bloomberg New Energy Finance. —Seb Henbest, head of Europe, Middle East and Africa at BNEF.

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“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

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Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. ETOGAS (formerly SolarFuel) in Stuttgart, Germany, has built a 250 KW demonstration plant for this method. Diagram: Isabelle Plat.

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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. However, the financial cost of the shift is causing concern. Source: Siemens. Click to enlarge. Electricity prices in comparison.

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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

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The slip in the July-September quarter leaves clean energy investment for the year so far running a modest 2% below that in the first nine months of 2017—leaving open the possibility that 2018 as a whole will end up matching last year’s total, particularly if a few more multibillion-dollar offshore wind deals are concluded before Christmas.

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Is Europe’s Nuclear Phaseout Starting to Phase Out?

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Philippsburg, an old fortress town in Germany just forty kilometers from the French border, once hosted a nuclear power plant with two towers just like them. This row over green finance obscures an unfortunate reality: it’s uncertain how the power once generated by fission will be made up if plants go offline.

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Volkswagen Group to invest more than €62 billion up to 2016; largest-yet investment package for new models, advanced technologies and production facilities

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More than half of this (57%) will be invested in Germany alone; investments in the German locations will focus on alternative drives, new generations of diesel and gasoline engines, and new generations of Volkswagen’s innovative direct shift gearboxes. These investments will be financed using the joint ventures’ own funds.

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Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

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2010 and 2015 LCOE ranges for solar and wind technologies. The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. Bottom: LCOE ranges for solar PV and wind technologies at three discount rates. Source: IEA/NEA. Click to enlarge. Source: IEA/NEA.

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