IEEFA says that the global economic slump being caused by the coronavirus pandemic can show how Power Purchase Agreements (PPAs) protect you against uncertainty. PPAs are long term contracts and prices agreed with energy suppliers. Renewable energy PPAs are one of the best ways big customers in the private sector can support the transition, guaranteeing suppliers income over the long term. Particularly for electricity-intensive sectors, renewable … [Read more...]
What if Germany wasn’t shutting down Nuclear? Modelling Coal, Gas, Renewables, emissions, prices
Germany plans to shut down its entire nuclear fleet by 2022. Right now, of the original 17, only 7 are still running. The Fukushima nuclear accident in Japan of 2011 was the trigger for Germany’s abandonment of emissions-free nuclear as part of its clean energy goals. Maximilian Auffhammer at the Energy Institute at Haas reviews a paper by his colleagues that has modelled the whole-system effects of the shutdowns, then compared the results with a … [Read more...]
Poland’s PGE: profits from Renewables can replace declining Coal’s
Poland’s PGE is one of Europe’s most fossil fuel intensive energy firms. Coal makes up around 90% of its electricity generation. It’s been investing around PLN 28bn ($7.2bn, €7bn) to build three new coal power plant units, acquire the Polish coal assets of France’s EDF, and upgrade its existing fleet to meet air quality standards. But a new and detailed report from IEEFA warns that the profitability of these investments will decline in the 2020s … [Read more...]
60 years on, OPEC should take control again, cut supply, raise prices to fund its Transition
OPEC is often seen as no friend of the Transition. But Greg Muttitt points out that, although it did take an anti-climate stance in the 1990s, by the 2000s it had stepped back from climate negotiations, while some OPEC members became supporters. Muttitt says that, celebrating its 60th anniversary, it’s time for OPEC to remember its roots and organise its members to take control of their own destiny in the face of the inevitable rise of clean … [Read more...]
Tech-Neutral Auctions for Renewable Energy: are poorly defined rules creating loopholes?
The EC’s Environmental and Energy State Aid Guidelines 2014-2020 (EEAG) require Member States to implement technology-neutral auctions as part of their renewable energy support schemes. However, the reality looks quite different, write Bastian Lotz and Silvana Tiedemann from Navigant (a Guidehouse company), Lars Jerrentrup of Aurora Energy Research, and Lion Hirth from Neon. Most Member States continue to use technology-specific auctions, using … [Read more...]
100% renewables by 2050: a technology, market, system, business model toolset for your nation
A growing number of countries are announcing increasingly ambitious renewable energy targets. But how do you deliver the results? IRENA’s Elena Ocenic explains that they have developed a toolset for countries to plot their unique pathway to success. Those tools range widely across technology, market design and regulation, system operation practices, and business models. The article lists the tools, and runs through some notable successes. Ocenic … [Read more...]
The EU can support Central and East Europe’s transition
Six Central and East European nations, heavily dependent on coal, have been very cautious about the pace of the EU’s transition. For them - Bulgaria, Czechia, Hungary, Poland, Romania and Slovakia - the political and economic disruption looks far harder to bear. E3G has just released a report that suggests this picture can change. The report’s authors – Felix Heilmann, Rebekka Popp and Ada Ámon – explain that coal is becoming less profitable, … [Read more...]
Modelling total costs for Onshore Wind power plants: from site prep to grid connection
The costs of wind turbines is dropping. But that means all the other capital costs - site preparation, foundations, infrastructure, tower construction – will become a bigger part of the total. In the U.S. they currently account for around 30% of the capital expenditures needed to install a land-based wind plant. To keep those costs under control the National Renewable Energy Laboratory (NREL) has created a comprehensive open-source modelling … [Read more...]
Oil & Gas’s future: diversify into clean electricity, new fuels, says IEA
The oil and gas industry is not doing nearly enough to meet Transition targets, says the IEA. Only 1% is invested in non-core activities. That needs to rise to 15% within 10 years. The IEA’s article summarises their comprehensive report “The Oil and Gas Industry in Energy Transitions”, released this month. It explains how the industry’s existing skills and “deep pockets” make them ideally placed to invest in low-carbon fuels (Hydrogen, … [Read more...]
“Climate leader” UK: why did low-carbon electricity generation stall in 2019?
In 2019, just 1TWh of low-carbon electricity (wind, solar, nuclear, hydro, biomass) was added in the UK. That’s after a decade of adding an average of 9TWh/year. Why? The UK needs to know, given an extra 15TWh/year is required until 2030 to meet emissions goals on top of the planned electrification of transport and heating. Carbon Brief’s Simon Evans runs through their thorough analysis. Wind power alone rose by 8TWh in 2019, but was offset by … [Read more...]
Electric utilities: pathway to a costs and pricing revolution
The 20th century method of setting electric utility rates are being made redundant by the new technologies of the modern age. It’s currently a three-step process - determining the revenue requirement, deciding how to divide costs among ratepayers, then designing the rates themselves. It uses traditional categories: generation, transmission and distribution; cost classifications (energy-related, demand-related, customer-related); customer/rate … [Read more...]
The Six Energy Paradoxes that slow the sector’s progress
Gerard Reid at Alexa Capital takes a high level look at what he sees as six systemic problems faced throughout the energy sector. They can be found at every level, across all technologies and markets. He calls them the Six Energy Paradoxes. All of them are acting as a serious drag on progress, Transition or not. Take the Market Efficiency Paradox. Utilities should adjust their prices to meet changes in energy supply and demand. Higher supply or … [Read more...]
U.S. Presidential Election: for the first time, climate is a top priority
Another climate action “first” this year will be the 2020 U.S. Presidential election. Never before has climate change featured as a top priority for American politicians and voters, says Arnault Barichella writing for the IFRI Centre for Energy & Climate. It’s thanks to the growing evidence of human-caused global warming in collision with a current President who calls it all a hoax and has been rolling back the regulations of his predecessor. … [Read more...]
Lithium-Sulphur batteries: cheaper, greener, hold more energy
The rapid expansion of electric power across the world is putting a strain on battery production. The standard lithium-ion battery depends on minerals and metals in limited supply, so alternatives are needed urgently. Mahdokht Shaibani at Monash University describes the work of her team on developing lithium-sulphur batteries. There are many advantages, not least the abundance of sulphur, the 16th most common element on Earth. Added to that, … [Read more...]
Peak Energy by 2030: Efficiency gains will make the Transition affordable
We can’t afford the energy transition? Next time you hear that from someone, perhaps you can show them this. Sverre Alvik at DNV GL explains that, according to their latest Energy Transition Outlook, although annual global energy expenditure will have to increase from $4.6tn in 2017 to $5.5tn in 2050, its share of growing world GDP will almost halve from 3.6% to 1.9%. That’s because continuing energy efficiency gains are making sure that total … [Read more...]
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