Europeās electricity market, which has some of the highest renewable energy shares in the world, is suffering from a profound investment crisis. Sonja van Renssen spoke with top experts from government, business and academia about the causes and possible solutions. Conclusion: ātinkering around the edgesā wonāt do - āa complete makeoverā of Europeās market design is needed. Courtesy of World Energy Focus. … [Read more...]
Four trends to watch in US renewable energy finance in the US
Dan Scripps of Advanced Energy Perspectives, describes the four major trends taking place in renewable energy finance in the US. Green Banks are scaling up, Yieldcos are shaping, green philanthropy is on the rise and energy efficiency investments are picking up. … [Read more...]
Why the next generation of nuclear energy technology innovation wonāt be like the lastĀ one
Changes are taking place in the industrial world that will shape the future of the nuclear industry.Ā The US nuclear industry is in many ways still rooted in the past, writes Dan Yurman on his blog Neutron Bytes. He discusses a number of ways in which the industry could connect up to what is called āthe Fourth Industrial Revolutionā. … [Read more...]
The moral case for fossil fuels? Let them eat solar panels!
In the wake of the Paris climate accord, there has been much discussion of the so-called āmoral caseā for fossil fuels, particularly in countries such as India. But according to professor John Mathews of Macquarie University in Australia, rolling out renewable energy in developing countries should be the real legacy of the Paris climate agreement. Renewables offer them the best chance to break into manufacturing value chains. … [Read more...]
How far can renewables go? Pretty darn far
This is part 4 of a series looking at the economic trends of new energy technologies by the famous author and thinker Ramez Naam. Part 1 looked atĀ how cheap solar can getĀ (very cheap indeed). Part 2 looked at theĀ declining cost and rising reliability of wind power. Part 3 looked atĀ how cheap energy storage can getĀ (pretty darn cheap). Now Naam discusses how far renewables can go. … [Read more...]
Cost of capital for renewables varies hugely across EU
It is much more expensive to undertake onshore wind projects in some European countries than others, according to the first-ever study of these costs for the entire EU-28. The EU-funded āDiacoreā project finds moreover that market actors single out the design and reliability of renewable support schemes as the single biggest risk (after generic country risk) driving up the cost of capital. Best practice policy design could cut support costs for … [Read more...]
The cheapest way to scale up wind and solar energy?Ā High-techĀ powerĀ 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...]
Carbon capture and storage comeback must focus on industry not energy
Since the Paris climate agreement and its ambitious resolve to keep global warming to 1.5C over pre-industrial temperatures, a number of influential publications have been declaring the death of carbon capture and storage (CCS). But critics fail to make a distinction between CCS for power plants and for industrial manufacturing, writes Charles Digges of the Norwegian NGO Bellona. CCS is the only way to substantially reduce industrial emissions. … [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...]
Paris struggles to overcome panic attack about UKās Hinkley Point nuclear project
French energy group EDF has postponed giving final approval for construction of the twin 1600 MW Areva EPRs for the Hinkley C project in the UK. Dan Yurman, nuclear expert and publisher of the blog NeutronBytes, discusses the implications of this decision. EDFās board is expected to meet again in mid-February, but ultimately it is the French government that has to cut the knot, writes Yurman. … [Read more...]
EXCLUSIVE: EU paints challenging picture of Europeās nuclear future
In a leaked draft document obtained by Energy Post, the European Commission outlines the investments in the EU nuclear industry that it believes are needed out to 2050. The document, originally announced for last year, but off the table again for February, paints a challenging picture for the European nuclear industry. ā¬450-550 billion will have to be spent on new plants and lifetime extensions, costs of decommissioning and waste management are … [Read more...]
World Energy Council: storage is less expensive than we think
A narrow focus on ālevelised cost of energyā (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 ā 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...]
Whatever happened to electricity market liberalisation?
In the EU, and the UK in particular, the liberalisation of the electricity market is rapidly being reversed and replaced by old-fashioned command-and-control policies, writes Carlo Stagnaro, Senior Fellow of the Italian free market think tank Istituto Bruno Leoni. One of the main reasons for this reversal are interventionist climate policies. According to Stagnaro, who has a new book out on energy liberalisation, this trend will lead to … [Read more...]
The UKās plan to become a global centre for small nuclear reactors: can it succeed?
In addition to its plans for building four huge nuclear power stations, the UK government has also announced it wants to become a global centre for the development and manufacturing of small modular reactors (SMRs). Dan Yurman, nuclear expert and publisher of the blog NeutronBytes, assesses the UKās plans and concludes that it could succeed, but only if the UK is able to scale up its efforts sufficiently and if the government provides active … [Read more...]
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