Reproduced from BloombergNEF; Chart: Axios Visuals 

A big rise in offshore wind power deals pushed global investment in new renewable power capacity in the first half of 2020 above the same period last year, new data shows.

Why it matters: It signals how the renewables sector as a whole has proven rather resilient to the pandemic, despite some declines in onshore wind and solar investment, BloombergNEF analysts said.

  • An International Energy Agency analysis in May showed COVID-19 isn't battering renewables as hard as oil-and-gas and other energy industries.
  • However, it's still taking a toll in the form of project slowdowns and layoffs.

By the numbers: Final investment decisions for offshore wind projects totaled $35 billion in the first half of 2020, which is over 300% more than the same period in 2019.

  • "The first half of this year saw investment decisions made on 28 sea-based wind farms, including the largest ever, the 1.5GW Vattenfall Hollandse Zuid array off the coast of the Netherlands, costing an estimated $3.9 billion," it states.

The big picture: Overall investment in new renewable power capacity (excluding large dams) totaled $132.4 billion in the first half of 2020, which is up 5% from the same period last year.

  • But onshore wind investment fell 21% and solar investment fell 12%.

Don't forget: The cost of renewables is declining, which means that each dollar invested brings more bang for the buck — so absolute investment levels do not tell the whole story.

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Chevron's venture capital arm buys stake in nuclear fusion startup Zap Energy

Photo Illustration: Walid Berrazeg/SOPA Images/LightRocket via Getty Images

Chevron is making a Series A investment in the three-year-old nuclear fusion startup Zap Energy, marking the latest foray by an oil-and-gas giant into companies outside a core business.

Why it matters: It's the first nuclear power investment from Chevron Technology Ventures, the company's in-house VC arm that's spreading money around a range of energy technologies.

The tough battle to regain clean energy jobs

Data: BW Research Partnership; Chart: Axios Visuals

The jobs rebound in clean energy sectors, broadly defined, slowed greatly last month, per a newly released analysis.

The big picture: Clean energy industries added just 3,200 jobs last month, far fewer than in June, according to the BW Research Partnership's analysis of unemployment claims.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 20,755,406 — Total deaths: 752,225— Total recoveries: 12,917,934Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 5,246,760 — Total deaths: 167,052 — Total recoveries: 1,774,648 — Total tests: 64,831,306Map.
  3. Politics: House Democrats to investigate scientist leading "Operation Warp Speed" vaccine projectMcConnell announces Senate will not hold votes until Sept. 8 unless stimulus deal is reached.
  4. 2020: Biden calls for 3-month national mask mandateBiden and Harris to receive coronavirus briefings 4 times a week.
  5. States: Georgia Gov. Brian Kemp to drop lawsuit over Atlanta's mask mandate.
  6. Business: Why the CARES Act makes 2020 the best year for companies to lose money.
  7. Public health: Fauci's guidance on pre-vaccine coronavirus treatments Cases are falling, but don't get too comfortable.