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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

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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

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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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REC to offer financing for 50,000 e-buses over the next 2-3 years | Autocar Professional

Baua Electric

For the fiscal year ended 2023-24, REC CMD said funding for all green energy projects, which includes a mix of solar, wind energy, and electric mobility, has increased by 533%, from Rs 21,554 crore in FY23 to Rs 1,36,516 crore, including electric mobility and green hydrogen.

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“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

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Project Volt Gas Volt is based on a long-term financing plan and the use of existing technologies for the large-scale conversion of surplus renewable electricity to methane, with subsequent reuse. ETOGAS (formerly SolarFuel) in Stuttgart, Germany, has built a 250 KW demonstration plant for this method. Diagram: Isabelle Plat.

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China is on track to reach its clean energy targets this month… six years ahead of schedule

Baua Electric

Recent energy reports detail the nation’s commitment to implementing solar and wind power, so much so that it is expected to achieve its 2030 clean energy targets by the end of the month. In addition to wind power, China has fully embraced solar as an alternative source of clean energy. In June, it activated a 3.5-gigawatt,

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Rolls-Royce and SOWITEC cooperate on power-to-X projects

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SOWITEC, based in southern Germany, is one of the world’s leading developers of renewable energy projects and has been active for almost 30 years. With more than 4.2

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TECO 2030 aims to build hydrogen fuel cell gigafactory in Norway

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Financing alternatives are being evaluated. TECO 2030 is a partner in the project Green Hydrogen @ Blue Danube, together with players such as Siemens, Bosch, AVL and Verbund, where hydrogen generated from solar and wind power will be produced in Romania and transported on barges along the Danube to industrial buyers in Austria and Germany.

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