The IEA has made its projections for the impact of the pandemic lockdown on energy demand in 2020 (they say it’s too early for them to assess anything more long term), and its implications for the different generation types. This article summarises their special Global Energy Review 2020, published at the end of last week. It assumes that lockdowns are eased this year and growth gradually returns. With that, global energy demand will fall 6% in … [Read more...]
IRENA’s Global Renewables Outlook and how Europe can lead the way
If the coronavirus slump has knocked everything off track IRENA’s first ever Global Renewables Outlook is a timely reminder of what that track should look like. It can help policymakers design stimuli packages that will get us back onto it, and even accelerate the transition. IRENA’s Gayathri Prakash, Nicholas Wagner and Ricardo Gorini run through the comprehensive report’s main recommendations. Annual investment, shares and GW targets to 2030 … [Read more...]
Bounceback or Recession? Modelling the impact on electricity prices to 2025
Carlos Perez Linkenheil at Energy Brainpool models three scenarios to understand the factors that are having the biggest impact on – and thereby make predictions for - electricity prices, revenues, energy source merit order, and emissions in the EU. Other parameters in the scope of their analysis include oil prices, gas prices, commodities markets, carbon taxes, and the EUA/emissions market. Clearly, collapsing prices are profoundly distorting … [Read more...]
U.S.: Counting Renewables jobs and projects under threat, what can be done and why
All sectors across all economies are trying to add up their potential job losses and projects in jeopardy, then telling their governments to prioritise them for Covid lockdown support. Mike Jacobs at the Union of Concerned Scientists looks at renewables in the U.S. He quotes news reports that over 100,000 workers in this fast-growing industry filed for unemployment in March 2020. On top of that, the already planned expiry and phase-down of … [Read more...]
EU needs clear European Green and Solidarity Pact by September
Stark predictions around the unprecedented economic challenges facing Europe (and the world) are starting to take shape. The possible solutions must keep pace with them. Here, Marc-Antoine Eyl-Mazzega at the IFRI Centre for Energy & Climate lays out those challenges and robust policy answers that can keep us on a net-zero emissions track while stimulating economies, creating jobs, and maintaining social justice. It’s no surprise that there is … [Read more...]
Designing the Covid-19 stimulus: what the 2008 crisis can teach us
Policy makers around the world are hearing a lot of advice on how to design their stimulus packages. This comes from the IEA where Fatih Birol lays out five fundamental lessons we can learn from the stimulus packages that came out of the 2008 global financial crisis. His main headings are: Build on what you already have – and think big (e.g. feed-in tariffs, production tax credits); Choose technologies that are ready for the big time (e.g. wind, … [Read more...]
Regulatory challenges to foster cross-border trade in electricity systems with increasing shares of renewables
The share of renewable generation in Europe’s power system is rising fast, but interconnection is not keeping up. Join us on May 19, 2020 to discuss this and related issues. More wind and solar makes the supply of electricity much more dependent on the weather. Nobody wants to build capacity only to switch it off when there’s too much heading onto the local grid. This could put an extra strain on delivering the Green Deal. One solution is to … [Read more...]
IEA: Three ways governments can keep Renewables growth on track
Before the coronavirus pandemic, 2020 was set to be another record year for renewables installations. That is now looking very unlikely. Heymi Bahar at the IEA identifies three main challenges facing the growth of renewables due to the global economic consequences of the pandemic: Supply chain disruptions, anywhere, will surely lead to delays in completing projects everywhere; Compounding those delays, major renewables incentives expire at the … [Read more...]
The value of PPAs during economic turmoil
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...]
China’s 2019 electricity generation reviewed as its next 5-year plan is drafted
Simon Göss breaks down the totals and additions for electricity generation in China. In 2019 the total reached 7,325 TWh (more than twice Europe’s) after adding 330 TWh (more than half Germany’s total). Of that 330 TWh, 120 TWh came from thermal (90%+ coal). But the numbers were dominated by renewables (hydro, wind, solar) which added almost 160 TWh. Though that’s the third year of declining renewables additions, wind and solar curtailment is … [Read more...]
Coronavirus: economic stimulus plans open a door for clean energy
We’re facing an unexpected global economic slump thanks to the coronavirus sweeping across the world. In response, governments everywhere are tabling stimulus packages to get us through what is a temporary but severe drop in economic activity. That stimulus could be used, as it usually is, to get us back on the same path. But it should be used to steer us further and faster onto the new path of clean energy, says Fatih Birol, Executive Director … [Read more...]
Don’t blame Wind, Solar for Coal cycling. It’s everyday variable demand
Joseph Daniel at the Union of Concerned Scientists explains why variable renewables like wind and solar are not forcing coal plants to cycle (ramp up and down). He presents data from the U.S. that clearly shows it’s straightforward variable demand that’s doing it, because demand has always varied considerably throughout the day. So stop blaming the arrival and growth of wind and solar for this “inefficiency”, he says. These renewables have plenty … [Read more...]
Pumped Thermal Electricity Storage: grid-scale, cheap materials, known tech, compact, install anywhere
We need to store the huge quantities of excess electricity generated by variable renewables. But what’s the best way? Currently, over 99% of large-scale electricity storage uses pumped hydro dams. But geography severely limits where you can build one. And the growth of grid-scale batteries is limited by raw material costs and short lifecycles. Antoine Koen and Pau Farres Antunez at Cambridge University review an important alternative, Pumped … [Read more...]
Pumped Storage Hydropower 2.0: steel dams, underground, or 1-10MW modular
Pumped Storage Hydropower (PSH) is one of the most cost-effective utility-scale options for grid energy storage. The U.S. has plants across the country, totalling over 20GW of capacity. Now the Dept of Energy (DoE) is backing four teams developing blue sky (water?!) ideas that should make the next generation of PSH even cheaper. In this article the National Renewable Energy Laboratory (NREL) tracks their progress so far. They include dams made of … [Read more...]
Machine learning cuts new EV battery design testing times by months, years
Normally, battery prototype testing can take months and years to find the optimal design for fast-charging and battery life. Now scientists from Stanford, MIT and the Toyota Research Institute have developed a machine learning programme that can cut battery testing times by 98%. They’ve applied it to EV batteries. The faster a new and improved design is proven and taken to market the more rapid the uptake of EVs we’ll have. Matthew Vollrath at … [Read more...]
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