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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

Green Car Congress

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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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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In countries that choose to continue or increase their use of nuclear power, it can reduce reliance on imported fossil fuels, cut carbon dioxide emissions and enable electricity systems to integrate higher shares of solar and wind power.

Russia 458
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REC to offer financing for 50,000 e-buses over the next 2-3 years | Autocar Professional

Baua Electric

For the fiscal year ended 2023-24, REC CMD said funding for all green energy projects, which includes a mix of solar, wind energy, and electric mobility, has increased by 533%, from Rs 21,554 crore in FY23 to Rs 1,36,516 crore, including electric mobility and green hydrogen.

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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. Although they are targeting an initial implementation France, they see it as broadly applicable. Diagram: Isabelle Plat. Click to enlarge.

Volt 334
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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Clean power generation and electric transport are seeing heavy inflows, but need to see further increases in spending as costs fall. billion, France 38% up at $7.3

2020 259
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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.

Cost Of 150
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Is Europe’s Nuclear Phaseout Starting to Phase Out?

Cars That Think

France can claim a qualified victory: Under current EU guidelines, at least some nuclear power will be categorized as “green.” Some of these anti-nuclear forces have recently found a sparring ground with France in drafting the EU’s sustainable finance taxonomy , which delineates particular energy sources as “green.”

France 97