Remove Chile Remove Coal Remove Solar
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. thousand in 2017.

Coal 243
article thumbnail

Chile is giving away solar energy, for free, because it has so much

Green Car Reports

Chile has a problem with its solar industry. There is actually more available solar energy than there is use for it. DON'T MISS: North America's largest coal power plant to become 44-MW solar farm Consequently, Chile is now.

Chile 60
article thumbnail

Wärtsilä report finds accelerated adoption of renewables can reduce electricity production costs by up to 50%

Green Car Congress

Significant cost reductions can be achieved by front-loading the deployment of renewables, mainly wind and solar photovoltaic, and by utilizing the technologies needed to balance their inherent intermittency, such as energy storage and thermal balancing power plants.

Renewable 399
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). New-build onshore wind and solar projects are now around 40% lower than BNEF’s global benchmarks for new coal- and gas-fired power.

Cost Of 210
article thumbnail

The Dirty Truth of Petrol & Diesel Vehicles

Plug In India

Even if electricity is produced from burning coal, the power plant is far away from population centers, transferred over power lines keeping any direct pollution away from the population. And the percentage of clean energy is growing every year as coal and gas plants are being replaced by renewable energy sources. In India 39.1%

Petrol 59
article thumbnail

We Need More Than Just Electric Vehicles

Cars That Think

Manufacturing an EV battery using coal-based electricity results in more than three times the greenhouse-gas emissions of manufacturing a battery with electricity from renewable sources. 70 percent of lithium-ion batteries are produced in China, which derived 64 percent of its electricity from coal in 2020.