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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

Investment in new large- and small-scale solar projects rose to a record-breaking $120 billion, up 33% from the first half of 2021. Wind project financing was up 16% from 1H 2021, at $84 billion. China posted remarkable investment growth in both wind and solar project finance, according to the report.

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

Green Car Congress

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.

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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.

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These canceled New York offshore wind farms totaling 1.7 GW just officially made a comeback

Baua Electric

Rendering: South Brooklyn Marine Terminal, Empire Wind Equinor’s Empire Wind 1 and Eversource and Ørsted’s Sunrise Wind previously canceled their offshore wind contracts with New York, but now they’re back. Sunrise Wind is scheduled to come online in 2026, and Empire Wind in 2027.

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Renewables to overtake coal as largest global electricity source in 2025

Teslarati

Solar PV and wind account for 95% of the expansion, with renewables overtaking coal to become the largest source of global electricity generation by early 2025.” Global solar PV prices declined by nearly 50 percent year over year in 2023, and the IEA expects cost reductions and accelerated deployment to continue. In the U.S.,

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Apex Clean Energy ordering 19 electrified F-series pickups from XL Fleet

Green Car Congress

Apex is a leading clean energy company that develops, constructs, and operates utility-scale wind and solar power facilities throughout North America. In the past decade, Apex has commercialized $9 billion worth of wind and solar projects representing nearly 7 GW of clean energy opportunity.

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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

Green Car Congress

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.

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