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

Green Car Congress

Highlights of the renewables investment total included a leap of 56% in financings of offshore wind projects to $50 billion, including the largest deal ever in that sub-sector—$8.3 Biomass and waste-to-energy financings were down 3% at $10 billion. Spain was up 16% at $10 billion, Brazil up 23% at $8.7 billion, down 12%.

2020 259
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TMO Closes £11M Funding Round for Cellulosic Ethanol Technology; Targeting US Entry With Novel Thermophilic Bacterium

Green Car Congress

UK-based TMO Renewables Ltd, the developer of a novel thermophilic bacterium and process for converting biomass into fuel ethanol ( earlier post ), completed an £11 million (US$18 million) financing round from a range of institutional shareholders and private investors.

Renewable 186
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Volkswagen Group to spend >$40B over next 5 years to develop electric mobility, autonomous driving, new mobility services and digitalization

Green Car Congress

The Volkswagen Group expects Brazil, China, Russia and North America to be the main growth drivers in the coming years. These companies finance the investments in the Chinese plants and products from their own resources. In 2016, the corresponding capex ratio stood at 6.9%.

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Volkswagen again reaffirms 20 new PEV models coming across the Group; MEB development

Green Car Congress

The delivery figures also include the vehicles sold by the Chinese joint ventures. The business of the Chinese joint ventures is not included in the Group’s sales revenue and operating profit, however. The share of operating profit attributable to the Chinese joint ventures in 2015 remained at approximately €5.2 Hong Kong), 3.4%

2015 150
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VW Chief Executive Says Company Will Introduce EVs Based on the Up! New Small Family in 2013; Cautions Against Electro-Hype

Green Car Congress

We have rock-solid finances. In May, VW and Chinese carmaker BYD signed a memorandum of understanding to explore the options for partnership in the area of hybrids and electric vehicles powered by lithium batteries. We have nine strong brands that work well together. We have a huge technological potential, despite the crisis.

2013 150
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Global solar growth is on track for another record-breaking year

Baua Electric

Based on the data up to July 2024, Ember’s analysis is in line with forecasts made by Bloomberg New Energy Finance ( BNEF ). Who’s leading the solar growth China, the US, India, Germany, and Brazil will account for 75% of global solar additions in 2024, according to Ember’s estimates.

Solar 52
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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?

Green Car Congress

Liam Halligan, a columnist for the Telegraph, says “the real danger” of closer Russian-Chinese ties is not a bust-up between China and the US, which could threaten crucial shipping routes for China-bound coal and LNG, but its impact on the US dollar. “If However, the Chinese have a problem in their plans for the yuan.

Russia 225