It’s no surprise that if environmental costs are considered, renewables—particularly wind power—are a far better bargain than coal power. But it might surprise many that according to a new such analysis, nuclear power lags far behind wind energy and even hydroelectric power in its economic impact, at least in the European Union. Energy costs are … Continue reading Wind power is more cheaper than gas
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Onshore wind energy cheaper than coal, nuclear and gas
Producing onshore wind energy is cheaper than coal, nuclear and gas, the European Wind Energy Association (EWEA) has claimed. Based on EWEA’s analysis of the data in the report, onshore wind has an approximate cost of EUR 105 per megawatt hour (MWh) which is cheaper than gas (up to EUR 164), nuclear (EUR 133) … Continue reading Onshore wind energy cheaper than coal, nuclear and gas
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Wind energy is cheapest energy, EU analysis finds
Onshore wind energy is cheaper than coal, gas or nuclear energy when the costs of ‘external’ factors like air quality, human toxicity and climate change are taken into account, according to an EU analysis. The report says that for every megawatt hour (MW/h) of electricity generated, onshore wind power costs roughly €105 (£83) per MW/h, … Continue reading Wind energy is cheapest energy, EU analysis finds
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Solar power, wind energy cost may fall to level for coal by 2020s
The cost of solar energy and onshore wind power may fall to the same level as generation from fossil fuels by the 2020s, energy consultant Poyry Oyj said in a report. Solar plants in Spain may produce electricity competitive with coal and gas as early as 2021, in Portugal by 2022 and in parts of … Continue reading Solar power, wind energy cost may fall to level for coal by 2020s
Continue readingWind energy and solar power compete with coal, gas
Lazard said that solar energy and wind energy were already competing with fossil fuels on an unsubsidised basis. We’ve now gotten hold of the original report and are reprinting four graphs here, which we find quite stunning because it underlines how quickly the case for more fossil fuels is quickly being eroded. The first graph … Continue reading Wind energy and solar power compete with coal, gas
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Levelized Cost of Energy Analysis
Lazard Ltd (NYSE:LAZ) has released its Levelized Cost of Energy Analysis – Version 8.0, an in-depth study comparing the cost of generating energy from conventional and alternative technologies. Lazard’s Global Power, Energy & Infrastructure Group has been publishing the study since 2008. The study shows the acceleration of an ongoing trend: Utility-scale solar and wind … Continue reading Levelized Cost of Energy Analysis
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According to Financial Times: US solar power and wind energy start to outshine gas
Large wind farms and solar plants are now cost-competitive with gas-fired power in many parts of the US even without subsidy, according to Lazard, raising the prospect of a fundamental shift in the country’s energy market. Costs have fallen and efficiency has risen for solar panels and wind turbines, the investment bank found, to the … Continue reading According to Financial Times: US solar power and wind energy start to outshine gas
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New Studies Find Significant Declines in Price of Rooftop and Utility-Scale Solar Power
The price of solar energy in the United States continues to fall substantially, according to the latest editions of two annual reports produced by the Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab). A third Berkeley Lab report, written in collaboration with researchers at Yale University, the University of Texas at Austin and the … Continue reading New Studies Find Significant Declines in Price of Rooftop and Utility-Scale Solar Power
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Wind power cuts the electricity bill
The UPV/EHU study analyses the electricity market in Spain during the 2008-2012 period -a time of maximum renewable penetration in Spain when energy production within the Special Scheme saw a 57% increase- and quantifies its cost. To do this, they firstly measured the market savings produced by participating in renewable sources, and secondly, they calculated … Continue reading Wind power cuts the electricity bill
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Scottish government has announced funding for a initiative to reduce the cost of offshore wind energy
First Minister Alex Salmond confirmed the project will receive an award of £2.2m. The government has a target for the equivalent of 100% of Scotland’s electricity consumption to come from renewable sources by 2020. Environmental charity WWF Scotland welcomed the news saying it would bring extra jobs as well as cheaper energy. The funding will … Continue reading Scottish government has announced funding for a initiative to reduce the cost of offshore wind energy
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Wind power cost competitive with natural gas
The costs of using wind energy and natural gas for electricity are virtually equal when accounting for the full private and social costs of each, making wind a competitive energy source for the United States, according to a new study on the federal tax credit for wind energy. Just released by researchers at Syracuse University … Continue reading Wind power cost competitive with natural gas
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Cost reduction is one of the biggest challenges facing wind energy sector
Cost reduction is the one of the biggest challenges facing the wind energy industry today, according to Dave Jones, head of renewable energy at Allianz Capital Partners. Speaking in a conference session on ´finding new growth opportunities´ at EWEA´s annual event in Barcelona, Jones said that reducing capital costs, particularly in offshore wind, must be … Continue reading Cost reduction is one of the biggest challenges facing wind energy sector
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Turning Up the Heat on Advanced Concentrated Solar Power (CSP) Components
Concentrated Solar Power (CSP) technology providers need to improve system efficiency and reduce costs to compete with flat-panel PV. Advanced components and thermal energy storage can bring CSP back to the forefront of the solar industry for utility-scale, stand-alone power applications. The opening of the Ivanpah concentrating solar power (CSP) plant has brought renewed interest … Continue reading Turning Up the Heat on Advanced Concentrated Solar Power (CSP) Components
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The levelized cost of energy (LCOE) of wind power is rapidly gaining equilibrium with other energy sources
The levelized cost of energy (LCOE) of wind power is rapidly gaining equilibrium with other energy sources, making it one of the most attractive options for utilities and developers looking to increase the penetration of renewables in their portfolio. However, the LCOE of wind energy can vary widely from wind farm project to project, and … Continue reading The levelized cost of energy (LCOE) of wind power is rapidly gaining equilibrium with other energy sources
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Concentrated Solar Power (CSP) in the US
The GTM Research forecasts 802 megawatts of Concentrating Solar Power for 2013, including Abengoa’s 280-megawatt Solana Generating Station with storage. The GTM Research Q3 2013 U.S. Solar Market Insight report, which will be released at next week’s Greentech Media U.S. Solar Market Insight conference in San Diego, forecasts 802 megawatts of Concentrating Solar Thermal Ppwer … Continue reading Concentrated Solar Power (CSP) in the US
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World Energy Council and Bloomberg New Energy Finance launch global energy costs analysis
Unique perspective on relative costs of developing and delivering electricity from energy sources around the world. The World Energy Council (WEC) and Bloomberg New Energy Finance (BNEF) today launched a new landmark report into the worldwide cost of developing and delivering electricity. The study,
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The Increasing Competitiveness of Renewables
In recent years renewable energy has seen a cut in production costs, and according to a new report it will account for 34 percent of the world’s energy production by 2030, with particular growth in solar power and wind energy. By 2030 renewable energy will account for 34 percent of the world’s energy production, primarily … Continue reading The Increasing Competitiveness of Renewables
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Fossil-funded think tank strikes out on cost of wind energy
After two failed attempts to attack wind energy earlier this month, the fossil-fuel-funded Institute for Energy Research (IER) has now struck out swinging (strikes one and two are documented here). windows antivirus software Strike three comes from a report written by Michael Giberson that relies on obsolete data and largely regurgitates anti-wind myths that have … Continue reading Fossil-funded think tank strikes out on cost of wind energy
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With cost of wind energy down 50% in four years, financial and wind energy leaders to summit next week in NYC
The American Wind Energy Association will kick off the fall with its annual Wind Energy Finance & Investment Seminar next Monday and Tuesday, Sept. 9 and 10, at the Conrad New York Hotel, 102 North End Ave., in New York’s Battery Park near Wall Street. As one of the leading events in the country for … Continue reading With cost of wind energy down 50% in four years, financial and wind energy leaders to summit next week in NYC
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Solar power and wind energy to be cost competitive by 2025
Wind power and solar energy electricity will become cost competitive, without the help of federal subsidies, by 2025, according to a new report from the National Renewable Energy Laboratory. The National Renewable Energy Laboratory (NERL) has released a study, called ‘Beyond Renewable Portfolio Standards: An Assessment of Regional Supply and Demand Conditions Affecting the Future of Renewable … Continue reading Solar power and wind energy to be cost competitive by 2025
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