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

Green Car Congress

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. Financing Project VGV: the Green Redemption Fund. Private green funds could help finance a global fund. Diagram: Isabelle Plat.

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Audi unveils e-gas project: synthetic methane from the methanation of green hydrogen; series production of CNG models in 2013 powered by e-gas

Green Car Congress

The e-gas project consists of two main components: Audi is contributing to the construction of offshore North Sea wind turbines which will generate clean power,that is then fed into the public power grid. If necessary, this energy can flow from the gas network back to the power grid at any time. Rated at 3.6

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EU Innovation Fund grants €108M to RWE’s waste-to-hydrogen project FUREC

Green Car Congress

For comparison: This is equivalent to the output of a 700-megawatt offshore wind farm with coupled electrolyzers. FUREC is preparing the necessary grid connections to the hydrogen and CO 2 infrastructure. FUREC receives funding from the EU Innovation Fund, which is 100% financed by the EU Emissions Trading System (ETS).

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CPV, GE, DGC secure largest US thermal power project financing in 2011 for 800 MW gas-fired power plant; 23 banks to provide nearly $800M in credit facilities

Green Car Congress

(CPV); GE Energy Financial Services; and Diamond Generating Corporation (DGC), a wholly-owned subsidiary of Mitsubishi Corporation, co-owners of the planned $900-million CPV Sentinel power plant, have closed the largest project financing in the US thermal power industry this year for the facility to be built in Riverside County, Calif.

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Equinor closes $3 billion for New York City’s first offshore wind farm

Electrek

Equinor has secured $3 billion to finance New Yorks Empire Wind 1 offshore wind farm, which will provide power for 500,000 homes when it comes online in 2027. Its set to become the first offshore wind farm to connect directly to New York Citys grid.

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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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DOE Offers Conditional Commitment for a Partial Guarantee for $1.3B Loan to Largest Wind Project to Date

Green Car Congress

billion loan in support of the world’s largest wind farm to date. The loan will finance the Caithness Shepherds Flat wind project, an 845 MW wind-powered electrical generating facility located in eastern Oregon sponsored by Caithness Energy LLC and General Electric (GE) Energy Financial Services.

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