A new report from Deutsche Bank predicts that the Yieldco, a finance vehicle for renewable energy, will attract more money than similar instruments that exist for oil and gas investments. Giles Parkinson of the Australian website Reneweconomy has the story. Energy Post highlighted recently why the YieldCo is likely to become a gamechanger in the energy sector. … [Read more...]
The YieldCo: the solar revolution meets Wall Street
The invention of the YieldCo is a gamechanger that will enable spectacular growth of solar PV, writes solar pioneer Peter F. Varadi. According to Varadi, the PV YieldCo offers significant advantages over investments in fossil fuel power: no fuel supply is needed, no long-term purchasing contracts for the generated electricity and less costly infrastructure. The solar revolution meets Wall Street. … [Read more...]
All at sea! UK government is putting future offshore wind at risk
The UK's energy security will increasingly depend on large scale offshore wind power, write Ian Broadbent and Peter Strachan. But while energy secretary Amber Rudd talked the sector up in a recent speech, she revealed feeble ambition. Worse, with its premature cutbacks on onshore wind, and its obsession with nuclear power, the government is undermining confidence among investors. … [Read more...]
The grid will not be disrupted: why Tesla’s Powerwall won’t catalyze a solar revolution
When Tesla Motors debuted the Powerwall home storage battery at a glitzy launch at the end of April, the press and blogosphere hailed CEO Elon Musk as the inventor of the Holy Grail of renewable energy storage – and the nail in the coffin for the centralized grid. But does all the messianic talk of battery-powered “disruption” and solar triumphalism stack up? Hardly. For all their ballyhooed price reductions, Tesla batteries are still too … [Read more...]
Tories are backing the wrong energy horses
By opting for nuclear power and shale gas, and reducing support for wind energy, the new Tory government is betting on the wrong energy horses, write Peter Strachan and Alex Russell of Robert Gordon University. "New nuclear looks a very costly and unreliable drain on the government’s budget, while fracking looks expensive, incompatible with emissions targets and probably uneconomic at current oil prices." … [Read more...]
Dimitri Pescia, Agora Energiewende: “No more baseload in 2030, no case for new nuclear in Europe”
There will be no more baseload power in Germany in 2030 and possibly not anywhere in Europe. There is no business case for new nuclear power in Europe. Renewables, not thermal power, should get capacity payments - and be responsible for balancing. These are some of the explosive messages from a new report from the influential German think tank Agora Energiewende, which represents government, industry and NGO's. In an exclusive interview with … [Read more...]
viEUws VIDEO: Brussels Briefing on Energy – All you need to know for June 2015
In this Brussels Briefing on Energy for viEUws.eu, journalist Hughes Belin provides an overview of the latest EU energy policy developments, including the latest progress report from the Commission on renewable energy in EUrope and news on European energy security strategy. … [Read more...]
Europe’s energy revolution marches on: one-third of power supply now renewable
Fully one-third of electricity produced in Europe last year came from renewable energy, reports ENTSO-E (the European Network of Transmission System Operators for Electricity). Four years ago this was just 24%. The increased share of renewables has come at the expense of fossil fuels. “There is a revolution taking place”, says Susanne Nies, Corporate Affairs Manager at ENTSO-E. … [Read more...]
Danish offshore wind: it’s getting better all the time
Denmark continues to set the pace in driving down the cost of offshore wind. In its latest tender for 350 MW of near-shore wind farms the maximum price has again been reduced. Danish offshore wind now costs roughly half of what the new nuclear plant at Hinkley in the UK will cost. … [Read more...]
Solar power passes 1% global threshold
Solar power now covers more than 1% of global electricity demand. In three countries in Europe – Italy, Germany and Greece - solar PV supplies more than 7% of electricity demand. This is reported by Solar Power Europe (previously EPIA – European Photovoltaic Industry Association). China is the fastest growing market. Research company GlobalData has adjusted projected new capacity in China for 2015 upwards. … [Read more...]
How Scotland finances its renewables revolution
Scotland has a 100% renewable electricity goal for 2020. Allan Hoffman explains how the Scottish government supports the achievement of this goal financially. He concludes that Scotland may "prove to be an example to the rest of the world as we leave the fossil fuel era and move into the new era of renewable energy". … [Read more...]
The West must do as the Chinese: build renewables systems for energy security and abundance
In the western world renewables are burdened by the idea that they are a moral imperative, essential to fight global warming, writes professor John Mathews. By contrast China is building renewables systems as an economic imperative. Unless Western countries follow the Chinese model and intervene in their economies to build green energy and resource systems, they will continue to be defeated by China. … [Read more...]
The IMF just destroyed the main argument against clean energy
A new report by the International Monetary Fund (IMF) finds that energy (fossil fuel) subsidies are “big and rising”. At the presentation of the report, Vitor Gaspar, Director Fiscal Affairs Department at the IMF, noted that most subsidies go to coal and said the numbers were “shocking”. He added that “eliminating energy subsidies can generate substantial environmental, fiscal and welfare benefits”. Elias Hinckley, strategic adviser at the US law … [Read more...]
“Nuon has no vision of the future of the energy system”
In this instalment of the Power Talk series written by Ph. D. researcher Hendrik Steringa, a staff member who worked for Nuon, the Dutch subsidiary of Vattenfall, tells about the struggle inside the company to develop new business models. "To come up with new business models in sustainable energy is not so difficult. But to come up with financially attractive models is a lot more difficult." … [Read more...]
China can cut out most coal generation by 2050
A new study from the China National Renewable Energy Centre shows that China can rely on renewables for more than 60 percent of its total energy needs, including transportation, by 2050. Electricity could be supplied 85% from renewables and just 7 per cent from coal, writes Bobby Magill of Climate Central. Â But to achieve these targets, China needs to deregulate its electricity markets. … [Read more...]
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