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 âUnconventional gas, a global phenomenonâ. The report notes that many countries have similar shale gas potential to the US and predicts an âaccelerated spreadâ across the world. … [Read more...]
Chinaâs 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 Chinaâs electricity generation capacity with reduced dominance of coal. Some even believe Chinaâs CO2-emissions have … [Read more...]
Robert Johnston, CEO Eurasia Group: âTake a seat at the table and advocate for gasâ
The big question in the energy sector today is whether the world will move to a zero-carbon policy in which fossil fuels have no place, or a world in which natural gas is part of the solution, says Robert Johnston, CEO of US-based consulting firm Eurasia Group, in an interview with World Energy Focus. Johnston advises companies to âtake a seat at the policy table and advocate for gasâ to counter âgrowing demands to exclude natural gasâ. … [Read more...]
Corporate interest in green energy requires new thinking from electric utilities
Corporate America is going green, writes Dennis Wamsted. Electricity companies had better take notice: they can offer their customers what they ask for - or watch them contract for it on their own. … [Read more...]
Europeâs energy investment crisis: âthe EU energy market needs a makeoverâ
Europeâs 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: âtinkering around the edgesâ wonât do - âa complete makeoverâ of Europeâs market design is needed. Courtesy of World Energy Focus. … [Read more...]
What comes after solar PV? BIPV
The time of ugly solar panels is over. Make way for building-integrated photovoltaics. Fereidoon Sioshansi, president of Menlo Energy Economics and publisher of the newsletter EEnergy Informer, notes that BIPV not only look stunningly better, they also reduce costs. They can even lead to energy-producing buildings. … [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...]
Biofuels are back on the EU agenda
Biofuels are returning to the political agenda in Europe as EU policymakers start to shape a strategy for reducing greenhouse gas emissions from transport after 2020. Biofuels producers continue to argue that they are an essential part of the solution, even as the low oil price puts an end to several cutting-edge projects, the European Commission prepares to publish a new report about indirect land-use change (ILUC) and some stakeholders urge a … [Read more...]
EU insists energy security is about more than gas
âWhen it comes to energy security in the long term, there is no better antidote than focusing on sustainable energy,â said EU Climate and Energy Commissioner Miguel Arias CaĂąete at the launch of a new EU energy security master plan in Brussels on 16 February. The Commission defended its proposals â which focus on safeguarding gas supplies â as an aid to moving Europe along to a low-carbon economy as well as preparing it for possible supply … [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 âmoral caseâ 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 at how cheap solar can get (very cheap indeed). Part 2 looked at the declining cost and rising reliability of wind power. Part 3 looked at how cheap energy storage can get (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 âDiacoreâ 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...]
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 âthis  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 contractsâ. … [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...]
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