2021-01-21 14:05:00
ENERGY TRANSITION INVESTMENT $500 BLN
BLOOMBERGNEF - Energy Transition Investment Trends
Executive summary
Previously focused on renewables, the report now includes investment figures for a wider scope of transition areas, including energy storage, electrified vehicles and heating, hydrogen, and carbon capture and storage. We also cover thematic highlights such as the rise of green finance, performance of clean energy stocks and investment by oil majors.
● In 2020, global investment in the low-carbon energy transition totalled $501.3 billion, up from $458.6 billion in 2019 and just $235.4 billion in 2010. This figure includes investment in projects, such as renewable power, energy storage, EV charging infrastructure, hydrogen production and CCS projects – as well as end-user purchases of low-carbon energy devices, such as smallscale solar systems, heat pumps and zero-emission vehicles.
● The largest sector in 2020 was renewable energy, which attracted $303.5 billion for new projects and small-scale systems. This was up 2% on 2019, despite Covid-related delays to some deals.
● The second-biggest was electric transport, which saw $139 billion of outlays on new vehicles and charging infrastructure, up 28%. Electric heat got $50.8 billion of investment, up 12%.
● Hydrogen and CCS are small sectors for now, but are expected to grow. In 2020, they received investment of $1.5 billion and $3 billion, respectively down 20% and up 212%.
● Europe and China are currently vying for top position among markets active in energy transition investment.
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Earlier:
2021, January, 20, 14:15:00
SOLAR MARKET EXPANDING
The expanding solar market could also provide a needed source of employment for the recession-stricken nation. Renewable energy employs 11.5 million people worldwide, and solar power accounts for 33% of that
2021, January, 20, 14:10:00
TOTAL SUBORDINATED BONDS €3 BLN
Total SE successfully issued perpetual subordinated bonds in the amount of €3 billion
2021, January, 19, 13:35:00
NETHERLANDS CLIMATE SUBSIDIES €6.4 BLN
In December 2020, the European Commission approved, under EU State aid rules, the €30bn SDE++ scheme.
2021, January, 19, 13:30:00
SCOTLAND WIND POWER 10 GW
In October 2020, the Scottish government raised its target for offshore wind power capacity by 2030 from 8 GW to 11 GW.
2021, January, 18, 12:50:00
DENMARK'S WIND PARK 1 GW $2.5 BLN
The Thor wind park will be built off the coast of Thorsminde at an estimated cost of DKK 15.5 billion (USD 2.53bn/EUR 2.08bn).
2021, January, 18, 12:45:00
OECD RENEWABLE ELECTRICITY UP 12%
Renewable electricity production was 262.8 TWh, up by 12.4% compared to October 2019 and by8.7 % compared to September 2020.
2021, January, 15, 11:20:00
ENERGY LANDSCAPE IS CHANGING
Assuming human behavior holds steady, a big transition to electricity will send demand skyrocketing. Making matters worse, this will all be happening as we transition away from easily scaled fossil fuel sources to more finicky renewables.
