Business India ×
 Climate Change

Renewable Energy
Published on: Aug. 3, 2022, 4:55 p.m.
RE sees a boom in investments
  • Global investment in renewable energy totalled $226 billion in the first half of 2022

By Business India Editorial

Global investment in renewable energy totalled $226 billion in the first half of 2022, setting a record for the first six months of a year. 

The uptick in investment reflects an acceleration in demand for clean energy supplies to tackle the ongoing global energy and climate crises, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF).

Investment in new large- and small-scale solar projects rose to a record-breaking $120 billion, up 33 per cent from the first half of 2021. Wind project financing was up 16 per cent from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. Yet, today’s figures indicate that investor appetite is stronger than ever, in part due to the very high energy prices currently being seen in many markets around the world.

The Renewable Energy Investment Tracker summarises BloombergNEF’s tracking of global investment in renewable energy up to and including 1H 2022, and covers both project investments and corporate fundraising. Seeing booming project investments, the first half also saw an all-time record for venture capital and private equity investments into renewables and energy storage, with $9.6 billion raised – up 63 per cent on the previous year.

China posted remarkable investment growth in both wind and solar project finance. The country’s large-scale solar investments totalled $41 billion in 1H 2022, up 173 per cent from the year before. It also invested $58 billion in new wind projects, up 107 per cent year-on-year. Offshore wind was another sector that saw a stark increase, with investment up 52 percent from the previous year, to $32 billion.


Airports

Currently Mumbai, Cochin and 25 other airports are using 100 per cent Green Energy

Airports set green deadline

Published on March 24, 2023, 12:01 p.m.

Currently Mumbai, Cochin and 25 other airports are using 100 per cent Green Energy

Government and Policy

Tamil Nadu is banking high on renewable and green energy

TN plans to make RE share 50 per cent by 2030

Published on March 24, 2023, 11:44 a.m.

Tamil Nadu is banking high on renewable and green energy

Renewable Energy

The bloc has also set a goal for carbon capture of 50 million tonnes by 2030

Global green investment to triple by 2030: EC

Published on March 24, 2023, 11:22 a.m.

The bloc has also set a goal for carbon capture of 50 million tonnes by 2030

E-vehicles

The fundraising would be managed by investment bank Goldman Sachs

Ola to raise $300m for expansion

Published on March 24, 2023, 11:03 a.m.

The fundraising would be managed by investment bank Goldman Sachs

E-MAGAZINE

Agriculture

The introduction of black pepper as an inter-crop in the sopari and coconut orchards, has enabled farmers to cultivate crops simultaneously

Skill Development

In 2020-21, the programme reached over 112,482 girls in urban and rural locations across six states in India, including 10,000 across Delhi

Collaboration

The event brought together stakeholders and changemakers to participate in a series of conversations on global trends and recent developments

Healthcare

The programme will focus on educating children on oral health and building awareness around the dangers of tobacco use