The candidate for EU Climate and Energy Commissioner, Miguel Arias Cañete from Spain, demonstrated an impressive grasp of his subject matter at his hearing at the European Parliament on Wednesday night in Brussels. But he failed to answer repeated questions about his brother-in-law’s involvement in two oil-related companies. Today, his future hangs in the balance as he becomes a hostage in a fight between the Parliament’s different political … [Read more...]
IEA: Solar costs heading to 4c/kWh, rooftop solar “unbeatable”
The traditionally conservative International Energy Agency (IEA) predicts the cost of solar energy will fall to around 4c/kWh in coming decades as the sun becomes the largest source of power generation across the world. The latest “Solar Roadmap” published by the IEA on Monday shows that the speed with which solar is reaching “socket parity” has taken the world by surprise, writes Giles Parkinson of Reneweconomy.com.au. … [Read more...]
World’s largest cleantech investor unveils strategy
Cheng Kin Ming, whose recent investments in solar companies are estimated to be worth nearly $20 billion – making him the world’s largest private investor in clean technologies – has unveiled his vision for the Age of Green Cities at The Next Generation Solar PV Finance event in New York. He spoke publicly for the first time about his strategy to accelerate the world’s transition to green cities. His approach is to identify the world’s best, … [Read more...]
IEA: Solar energy could be the largest source of electricity by mid-century, if …
The sun could be the world’s largest source of electricity by 2050, ahead of fossil fuels, wind, hydro and nuclear, according to a pair of reports issued today by the International Energy Agency (IEA). The two IEA technology roadmaps show how solar photovoltaic (PV) systems could generate up to 16% of the world’s electricity by 2050 while solar thermal electricity (STE) from concentrating solar power (CSP) plants could provide an additional 11%. … [Read more...]
NGO’s call for reform of Energy Community, Energy Community calls for reform by its members
A group of leading NGOs active in the Balkan region are calling for urgent reform of the Energy Community Treaty, as its Ministerial Council prepares to meet in Kiev on September 23rd . The groups are calling for both the expansion of the environmental and climate component of the Treaty and measures to ensure that existing obligations are better enforced. “Energy Community Treaty reform is a once in a decade opportunity to garner support for … [Read more...]
King Coal dethroned: future looks black
New research by the Carbon Tracker Initiative (CTI), the London-based NGO that invented the concept of “stranded assets” (aka the “carbon bubble”), claims that “the tide is turning against coal exporters”. After taking on the oil and gas industry, CTI has for the first time calculated the risks faced by the coal sector from slowing demand in combination with climate change policies. It concludes that most new coal mines will not be economic. … [Read more...]
World’s leading institutional investors call for carbon pricing, ambitious global climate deal
Days before UN Secretary-General Ban Ki-moon convenes the Climate Summit at the United Nations to spur climate action and facilitate a global climate agreement in 2015, nearly 350 global institutional investors representing over $24 trillion in assets have called on government leaders to provide stable, reliable and economically meaningful carbon pricing that helps redirect investment commensurate with the scale of the climate change challenge, … [Read more...]
NEC and RSE in Italy show how renewable energy producers can make money by helping to balance the grid
NEC Italia SpA, which calls itself “the smart energy competence center for Europe and the Middle East”, and Ricerca Sistema Energetico SpA (RSE), a specialist in electro-energy research, will on 18 September release details of a new study showing how variable renewable energy sources can actually help balance the grid (rather than upset its balance). In this way, producers of renewable energy will be able to offer additional services to grid … [Read more...]
Zero energy at zero cost: industrialising the building sector
The Netherlands has found a way to refurbish existing buildings to net zero energy, within a week, with a 30-year builders’ guarantee and no subsidies. With new kitchen and bathroom! Now revolutionary renovation programme Energiesprong (literally: Energy Jump) is looking to take its learnings to France and the UK. … [Read more...]
Team Juncker: EU unveils new Energy Commissioner(s)
Slovenia’s ex-Prime Minister Alenka Bratušek and Spanish ex-minister Miguel Arias Cañete have been nominated to lead EU energy policy in a new European Commission due to take office on 1 November. Incoming Commission President Jean-Claude Juncker announced Bratušek as Vice President for Energy Union and Cañete as Commissioner for Climate Action and Energy – yes the two portfolios are being merged – on 10 September in Brussels. Cañete is expected … [Read more...]
China changes course: wind surges, coal stalls
The Chinese wind energy sector is growing at tremendously. China is expected to exceed its 2015 target of 100GW wind capacity by 30%, reports Tim Buckley, Director Energy Finance Studies Australasia at the Institute for Energy Economics and Financial Analysis (IEEFA) for Reneweconomy. At the same time, China is rapidly diversifying away from coal, towards more nuclear, renewables and hydropower. The implications for global energy markets are … [Read more...]
Why not follow the Swiss Energiewende?
While Germany rushes ahead with its nuclear phase-out and France dithers, Switzerland is following a third way away from nuclear and towards renewables. The Swiss version of the Atomausstieg/Energiewende is slow but steady, with concern for economic as well as environmental consequences. Bern’s policy offers important lessons to Paris, Berlin and others – all the more so because Switzerland is one of the most nuclear-dependent countries in the … [Read more...]
UK capacity market “will boost baseload not balancing power”
The upcoming UK capacity market is supposed to support the integration of renewables into the grid. But will it do that or will it primarily serve to bring new baseload capacity online? UK Power Reserve, an independent developer and operator of small, flexible generators, wonders whether the UK’s plans will squeeze existing providers of flexible capacity or stimulate investment. CEO Tim Emrich tells Energy Post how he has been making money by … [Read more...]
The future of energy storage in Europe
With the increase of variable renewables on the grid, the need for electricity storage will only grow. But what kind of storage? According to Philip Hiersemenzel of German battery manufacturer Younicos, business opportunties will for now lie in short duration services. Based on his company’s modelling, he says large-scale grid storage does not make sense – yet. Without storage, 40% renewables is max. Mike Stone of Energy Storage Report … [Read more...]
Is the US Department of Commerce protecting utilities from the solar revolution?
At the end of July, the US slapped new import duties on solar products from China coming on top of earlier “anti-dumping” levies. These measures are damaging for US consumers, the US economy and the renewable energy sector, writes solar power entrepreneur Peter F. Varadi, author of a new book on the history of the PV industry. Indeed, it now turns out that even the vast majority of the US solar industry is opposed to them! So why does the … [Read more...]
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