article thumbnail

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

Green Car Congress

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.

Clean 259
article thumbnail

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.

Coal 243
article thumbnail

African Cats launches GreenCat 605 Green-Motion with swing keels and electric retractable propulsion

Green Car Congress

African Cats launched the first GreenCat 605 catamaran designed by Simonis-Voogd in Durban South Africa. In one of the cabins a small operating theatre is installed since this GreenCat will be used in the South Pacific Ocean to give medical aid on remote islands. Click to enlarge.

Green 218
article thumbnail

51% of BMW Group’s electricity worldwide from renewable sources; targeting 100%

Green Car Congress

Examples of the use of renewable power include: In Leipzig, Germany, the BMW Group is using wind power. In mid-2013, four wind turbines started operation on the premises of the plant, with 100% of the power produced going into the production of the BMW i3 and BMW i8.

BMW 150
article thumbnail

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

Green Car Congress

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. Click to enlarge.

Cost Of 150
article thumbnail

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

The increase reflected several influences, according to the report, including a boom in solar installations in China and Japan—totalling $74.9 billion of final investment decisions on offshore wind projects in Europe. billion) and South Africa ($5.5 billion between those two countries—and a record $18.6

2014 150