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BNEF: cost of new renewables rises as inflation starts to bite

Green Car Congress

The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). New-build onshore wind and solar projects are now around 40% lower than BNEF’s global benchmarks for new coal- and gas-fired power.

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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

Green Car Congress

The Middle East represents a big opportunity and a very promising region for us, given the high levels of solar exposure, strong appetite for green hydrogen projects, and strategic geographic position between Europe and Asia. Territories that were largely desert in the middle of the 20th century are now thriving oil economies.

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Africa’s Electricity-Access Problem Is Worse Than You Think

Cars That Think

Similarly, having a distribution line (often illegally rigged) running to a dwelling tells us nothing about the usage of power or the reliability of its supply. Even South Africa, by far the best-supplied country south of the Sahara, suffers from frequent blackouts.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35% increase in energy demand by 2040, according to ExxonMobil’s latest Outlook for Energy report. The Outlook for Energy provides ExxonMobil’s long-term view of global energy demand and supply.

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More than 50 percent of MoUs signed in Vibrant Gujarat are green | Autocar Professional

Baua Electric

It will generate green jobs, making Gujarat a leading exporter of green energy products and contributing to making the state into a USD 3 trillion economy. We are expanding the green supply chain and creating the largest green energy system, green electrolysers, solar panels, and manufacturing of ammonia to support green growth.”

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IEEE Discusses 6 Simple Solutions to Climate Change at COP27

Cars That Think

That’s according to 2023 IEEE President Saifur Rahman , who was among the speakers from engineering organizations at the COP27 event held in Egypt in November. The fuel can be used to power cars, supply electricity, and heat homes, all with zero carbon emissions. We don’t have enough solar energy and wind energy.”

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MIT study cautions smaller nations on rushing to develop their natural gas resources; Cyprus as model

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The cost for these smaller nations makes up a larger portion of their economies, so before spending the money, they need to have the proper expectations. That’s a substantial amount of a country’s economy dependent on a resource that has proven to be unpredictable in the past. —Sergey Paltsev. Click to enlarge. Background.

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