article thumbnail

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

Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.

Financing 243
article thumbnail

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. There are still some big hurdles to overcome, including the difficult global macroeconomic environment.” “For

Coal 135
article thumbnail

AMPLY Power and Duke Energy Sustainable Solutions collaborate on bus fleet electrification and solar-powered overhead charging

Green Car Congress

AMPLY Power is working with Duke Energy Sustainable Solutions to expand fleet electrification offerings, including the first commercially available combination solar canopy and overhead electric vehicle charging solution covered by a power purchase agreement (PPA) leasing and financing model. PIDE Canopy Mount. PIDE Canopy Mount.

Solar 221
article thumbnail

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). Despite temporary cost rises for renewables, the gap to fossil fuel power generation continues to widen due to fuel and carbon prices rising even faster.

Cost Of 210
article thumbnail

SolarCity and Honda to finance $50M more in solar projects for Honda and Acura customers and dealerships

Green Car Congress

SolarCity and Honda have renewed their partnership with a new fund expected to finance $50 million in solar projects. The new commitment will make solar power more affordable and available to Honda and Acura customers and dealerships in the US. MW of solar generation capacity. MW of solar generation capacity.

Acura 218
article thumbnail

Aemetis selects Worley to provide engineering for ‘Carbon Zero 1’ renewable jet and diesel production plant

Green Car Congress

Aemetis awarded an engineering services contract to Worley for the Aemetis ‘Carbon Zero’ renewable jet and diesel plant in Riverbank, California. The Aemetis Carbon Zero renewable jet and diesel project is designed to hydrotreat renewable oils with hydrogen from orchard and forest wood waste. Earlier post.)

Renewable 186
article thumbnail

BLUETTI expands its Solar+ program to three more states

Baua Electric

Following a successful launch in Texas last year, energy storage leader BLUETTI is expanding its Solar+ program to California, Massachusetts, and North Carolina. This is made possible by harnessing free solar energy and optimizing energy usage, with peak load shifting features in Time of Use areas.”

Solar 52