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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

Green Car Congress

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.

Financing 243
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EGEB: Ireland to build the Atlantic’s first floating offshore wind farm

Electrek

In today’s Electrek Green Energy Brief (EGEB): Ireland’s Moneypoint coal station will become a green energy hub that includes a floating offshore wind farm. France set to ban short domestic flights. UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates.

Ireland 143
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Wind-to-Hydrogen Tech Goes to Sea

Cars That Think

Wind and solar parks produce a large portion of their energy. Then, as now, wind farms are operating off the world’s coasts—but not all of these offshore sites are connected to the mainland via underwater power cables. Some of the wind farms instead sit in clusters more than 100 kilometers out at sea.

Wind 84
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Hydro-Québec launches EVLO subsidiary specializing in energy storage systems

Green Car Congress

We firmly believe that the know-how Québec has acquired with regard to batteries will help develop solar and wind power. The technology is also being used in the Lac-Mégantic microgrid and in Hydro-Québec’s solar farm in La Prairie. to participate in the Tonnerre project in France.

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3 Oil Majors That Bet Big On Renewables

Green Car Congress

Further, according to Rystad Energy, Big Oil is expected to pump in $166B into new oil and gas ventures over the next five years, thus dwarfing the currently specified outlay of just $18B (less than 10% of capex) for solar and wind energy projects. Good case in point: Italian multinational oil and gas giant Eni S.p.A. 2 Total SA.

Oil 418
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Hitachi Energy invests a further $4.5B to expand the electricity grid

Baua Electric

In just the last month, Hitachi Energy says it signed key HVDC framework agreements with RTE in France, RWE in Germany, and Marinus Link in Australia, as well as a service contract with Pattern Energy in the US for the SunZia Transmission Project. 3 interconnection between Italy and France. The company also announced the Sa.Co.I.3

Grid 52
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BNEF ups forecast for global investment in stationary energy storage, sees majority of capacity likely to be grid-scale

Green Car Congress

Energy storage installations around the world will multiply exponentially, from a modest 9GW/17GWh deployed as of 2018 to 1,095GW/2,850GWh by 2040, according to the latest forecast from research company BloombergNEF (BNEF). Global cumulative energy storage installations. Source: BloombergNEF.