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...]
The cheapest way to scale up wind and solar energy? High-tech power lines
A new study from researchers at the prestigious National Oceanic and Atmospheric Administration (NOAA) in the US concludes that the US can cut greenhouse gas emissions from the electricity sector by 80 per cent while keeping prices at or below current levels. The key to achieving this is to build a nationwide, modernised grid that will allow large-scale systems integration of renewable energies.Scientist Christopher Clack explains how the … [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...]
World Energy Council: storage is less expensive than we think
A narrow focus on ‘levelised cost of energy’ (LCoE) can be misleading when looking at the business case for energy storage. This is one of the major conclusions of a new study E-storage – shifting from cost to value carried out by the World Energy Council into the real costs of energy storage. The report is calling for the true value of energy storage to be recognised by taking into account both its cost and revenue benefits. … [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...]
Connect North Sea oil and gas platforms to offshore wind farms to produce green gas
Abandoned oil and gas platforms in the North Sea can be profitably converted into production and storage units that convert electricity from offshore wind farms into hydrogen and synthetic gas. That’s the main finding of a new study carried out by the Dutch Energy Delta Institute (EDI). A positive business case can be made for this application if the gas can be sold to a dedicated niche market for green gas, e.g. the chemical industry or the … [Read more...]
What Energy Efficiency can learn from Solar, Uber and Spotify
The “as-a-service” business model, which substitutes pay-as-you-go options for ownership with its high upfront costs, is conquering such diverse sectors as solar panels, digital music and transport. It will also be increasingly applied to energy-efficiency projects, writes Angela Ferrante of US-based financial technology company SparkFund. The long-awaited energy efficiency breakthrough may finally be here. … [Read more...]
Record clean energy investment despite oil price collapse – but Europe stays behind
Clean energy investment surged in China, Africa, the US, Latin America and India in 2015, driving the world total to its highest ever figure, of $328.9bn, up 4% from 2014 and beating the previous record from 2011 by 3%, according to new figures from Bloomberg New Energy Finance. However, Europe was an exception with the lowest clean energy investment since 2006. In other news the International Renewable Energy Agency (IRENA) published a new … [Read more...]
China pushes global renewable capacity beyond 900 GW
China was the world’s leading market across a number of renewable energy technologies in 2015 and helped to drive global renewable installed capacity to an estimated 913.48 Gigawatts (GW), says research and consulting firm GlobalData. … [Read more...]
The electricity network is changing fast – here is where Australia is heading
The Australian electricity sector is changing extremely fast, writes Paul Graham, Chief Economist CSIRO Energy at CSIRO (the Commonwealth Scientific and Industrial Research Organisation) in Australia. CSIRO Energy sees solar and storage costs still dropping rapidly. According to Graham, scenarios under which a third of people may be leaving the grid and 25-45% of electricity will be generated on-site are “plausible”. … [Read more...]
New: renewables can now play important role in industrial development
Thanks to massive cost reduction, renewable energy can now be used by developing countries in their industrial growth strategies, which was unthinkable until recently, writes John Mathews of Macquarie University in Australia in a new publication from UNIDO, "Promoting Climate Resilient Industry". Mathews notes that renewables can help countries expand manufacturing and create jobs, reduce local pollution, increase energy security and reduce … [Read more...]
The Autowende has begun
In the next 60 months the automotive industry will see more change than in the last 60 years, writes entrepreneur Michiel Langezaal. He notes that Asian and US manufacturers are putting massive resources into developing batteries, electric drive trains and solar cells. Nothing like this is happening on a similar scale in Europe. European car and energy companies need to go all-out for the Autowende or Europe will miss out on the next trillion … [Read more...]
Stanford: world can go 100% wind, water, sun by 2050 – and save money
Reneweconomy.com A new analysis from Stanford University has laid out a roadmap for 139 countries to power their economies with solar, wind, and hydro energy by 2050. It says the world can reach 80 per cent WWS (wind, water and sunlight) by 2030 and 100 per cent by 2050 with no impact on economic growth. … [Read more...]
Solar energy costs continue to plunge across the world
(Reneweconomy) Two stunning auction results in India and Chile in the last week have underscored the extraordinary gains that large-scale solar has made against its fossil fuel competitors, writes Giles Parkinson of Reneweconomy.com. Parkinson takes stock of the latest developments in prices for unsubsidised solar energy, based on auctions across the world and comes to pretty spectacular findings. … [Read more...]
Bottlenecks for energy storage in Europe – and how to address them
Energy storage is important for achieving Energy Union goals such as the expansion of renewable energy, decarbonisation, energy security, energy market integration and increased competitiveness. But its deployment is hindered by existing regulations that do not provide a level playing field, write Vincent Swinkels, Bart van der Ree and Sergio Ugarte of SQ Consult. They note that the European electricity system was not designed with energy storage … [Read more...]
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