Opinions differ as to how Brexit will affect the UK’s plans for 19 GWe of new nuclear power, in particular the controversial Hinkley Point C project by French state-owned electricity company EDF, which will consist of two 1650 MW EPR reactors from French supplier Areva. Dan Yurman, nuclear expert and publisher of the blog NeutronBytes, has made a roundup of reports and opinions about the future of nuclear energy in the UK. … [Read more...]
“Paris Climate Agreement requires huge economic turnaround in Europe”
The targets agreed to at the Paris climate summit in late 2015 imply a radical change to our economies, a new report by consultancy CE Delft shows. CO2-prices will need to rise to €250/ton in 2050 (compared to some €6 per ton now) and most of the existing industrial installations and infrastructure will need to be replaced. CE Delft compares the scale and impact of the transformation to the one that occurred in Eastern Europe post-1989. … [Read more...]
Dutch research project shows costs offshore wind can be reduced 40% in ten years
The Dutch research programme FLOW (Far and Large Offshore Wind energy) shows that a well-coordinated approach between industry, knowledge institutes and government can achieve 40% cost reduction in ten years in the offshore wind sector. In about ten to fifteen years, offshore wind should be able to manage without subsidies. … [Read more...]
A fundamental transformation: “renewables win race on costs”
The cost of wind and solar power will continue to fall massively over the next 25 years, bringing about a fundamental transformation of the global electricity sector, according to new reports from Bloomberg New Energy Finance (BNEF) and the International Renewable Energy Agency (IRENA). Electric cars will boom, cheap batteries will be everywhere and there will no Golden Age of Gas, despite continued low gas prices, BNEF predicts. … [Read more...]
Oil giants pile into “new energies”
Major oil companies like Total, ExxonMobil, Statoil and Shell have announced moves into “new energies”, writes Jason Deign, editor and publisher of Energy Storage Report. But according to Deign, it is hard to see how they can fight their way back into a renewable industry already sewn up by large players. The one remaining niche may be energy storage, which is still dominated by cash-hungry startups. … [Read more...]
KIC InnoEnergy: “Solar PV will be one of lowest-cost electricity sources in Europe”
Solar photovoltaics (PV) will be one of the cheapest sources of electricity generation in Europe by 2030. That is a major conclusion that can be drawn from a report on future cost reductions in solar PV recently published by KIC InnoEnergy. … [Read more...]
MIT: “Paris” sets world on course for 3C temperature rise by end century
Implementation of the Paris Agreement will lead to a temperature rise between 2.7 and 3.6C, far exceeding the 2C goal. That’s the main conclusion from new results of the MIT Joint Program on the Science and Policy of Global Change. Under this program, a team of scientists has investigated the likely effects of commitments made under the Paris Climate Agreement on global temperatures. … [Read more...]
Saudi Arabia releases ambitious plan to diversify economy
On Monday, Saudi Arabia released a blueprint for the future, a plan for the Kingdom that could alter the course of its history. The "Vision for the Kingdom of Saudi Arabia" could radically transform Saudi Aramco, the Saudi economy, and the country's social structure, reports Nick Cunningham of Oilprice.com. … [Read more...]
Wind top new power capacity source in Europe
In 2015 12,800 MW of new wind power capacity was installed in the EU, an increase of 6.3% over 2014, and more than any other form of power generation, according to recent new figures from the European Wind Energy Association (EWEA). Wind power accounted for over 44% of total power capacity installations in the EU last year. … [Read more...]
World Energy Council: unconventional gas will conquer the world
The growth of unconventional gas is spreading across the world with major implications over many years for markets and prices according to a new World Energy Council study ‘Unconventional gas, a global phenomenon’. The report notes that many countries have similar shale gas potential to the US and predicts an “accelerated spread” across the world. … [Read more...]
China’s electricity mix: changing so fast that CO2 emissions may have peaked
China installed a world record of 32.5 gigawatts (GW) of wind power last year, and a world record 18.3 GW of solar power, according to official figures from the National Bureau of Statistics of China on 29 February. Coal consumption fell 3.7%, nuclear power grew 30% and natural gas 3.3%. These trends mark a rapid diversification of China’s electricity generation capacity with reduced dominance of coal. Some even believe China’s CO2-emissions have … [Read more...]
Report warns: LNG may lose out to renewables
A new report by economists at The Brattle Group finds that the financial viability of LNG projects is increasingly being threatened by competition from renewable power sources, especially in Asia. They warn that “this increasing competition has significant ramifications for the many LNG export projects now in development across North America and for buyers of LNG that have signed long-term contracts”. … [Read more...]
Energy Post takes over The Energy Collective!
We are delighted to announce that this week Energy Post became the proud owner of the great US-based website The Energy Collective. … [Read more...]
Renewable energy demand in Europe reaches record levels
The demand for renewable electricity in Europe based on Guarantees of Origin (GO) validated by the European EECS standard continued to grow in 2015. The growth is up more than 8% from 2014 and surpassed 340 TWh, reports ECOZH, a Norwegian renewable energy supplier. … [Read more...]
Record increase renewables in Europe, but emissions stay level
2015 saw a record 2.5% increase in renewables generation in Europe, which now makes up 29% of total European electricity supply,reports UK think tank Sandbag. However, as a result of lower output from hydropower and nuclear power stations, the amount of fossil fuel generation barely changed. CO2-emissions from the power sector fell only 0.5% after a 7.5% fall in 2014, but according to Sandbag this year will see a rapid fall again. … [Read more...]
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