Around 13.1 gigawatts ( GW) of new wind power capacity were connected to the US grid in 2012, well above the previous high in 2009, and motivated by the scheduled expiration of federal tax incentives at the end of 2012. The prices offered by wind projects to utility purchasers averaged US$40/ MWh for projects negotiating … Continue reading US wind energy pricing near all-time low
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Price of wind energy in the U.S. near all-time low
Annual wind power additions in the U.S. achieved record levels in 2012, while wind energy pricing is near an all-time low, according to a new report released by the U.S. Dept. of Energy (DOE) and prepared by Lawrence Berkeley National Laboratory (Berkeley Lab). Roughly 13.1 GW of new wind power capacity were connected to the … Continue reading Price of wind energy in the U.S. near all-time low
Continue readingWind Energy to Double and Solar Power to Triple in 6 Years, Says IEA
The headline summary of the new Medium-Term Renewable Energy Market Report 2013 from the International Energy Agency (IEA) has been well reported: Renewables will surpass natural gas for electricity generation globally by 2016, doubling nuclear output and coming in second only to coal in power generation. Total renewable capacity is expected to grow from 1,580 … Continue reading Wind Energy to Double and Solar Power to Triple in 6 Years, Says IEA
Continue readingRoad Transport: The Cost of Renewable Solutions
The latest in a steadily expanding series of costing studies from the International Renewable Energy Agency (IRENA) describes “an increasingly positive outlook” for the use of renewable energy in road transport from 2020 onward. Road Transport: The Cost of Renewable Solutions (80 pages; English only), says the signs are encouraging, but continued research and development, … Continue reading Road Transport: The Cost of Renewable Solutions
Continue readingDNV KEMA: Accuracy of wind farm energy assessments improving
Accurate estimates may lead to more favorable financing terms for wind projects and lower wind energy costs DNV KEMA Energy & Sustainability, a global energy consulting firm and authority in testing, inspection and certification, said a study it conducted found that performance predictions for large-scale North American wind energy projects placed in service between … Continue reading DNV KEMA: Accuracy of wind farm energy assessments improving
Continue readingWind Energy Update: Ways to Lower the Levelised Cost of Energy in Offshore Wind Power
Current wind farm projects have indicated that costs have stabilised at around £140 / €160 per MWh and regulators have put forward a challenge that offshore wind should reach a LCOE of £100 / €120 MWh by 2020, in order to maximise the size of the industry. Opportunities for savings across Offshore Wind finance, technology … Continue reading Wind Energy Update: Ways to Lower the Levelised Cost of Energy in Offshore Wind Power
Continue readingCost of renewable energy is falling
Wind energy costs are falling and some companies involved in wind are seeing a rise in profits, according to evidence which has appeared in the world’s media this month. By Zoe Casey In Europe, insurance firm Allianz was quoted by Reuters as saying last week that “renewable energy production and infrastructure are gaining investor appeal … Continue reading Cost of renewable energy is falling
Continue readingCost reduction remains the main route to success for Concentrating Solar Power
Concentrating Solar Power installations in the United States are forecast to set new records in 2013, with total capacity increasing by a staggering 120%, to 1889.66MW. As five new solar thermal projects, with a combined capacity of 1312 MW, approach their commissioning phase, the industry is anxious to hear how the new generation of Concentrated Solar … Continue reading Cost reduction remains the main route to success for Concentrating Solar Power
Continue readingThe cost of solar power
California’s Public Utility Commission (CPUC) last month reported to the state legislature on the cost of renewables. The Padilla report, so-called because of a bill introduced by Senator Alex Padilla and passed in 2011, mandates the CPUC to publish the costs of renewable contracts and utility-owned generation every six months. The first report was published … Continue reading The cost of solar power
Continue readingCost of Renewable Power Generation Increasing Competitive
Renewable power generation is one the most crucial ways of achieving the goal of sustainable development for all countries. Significant capacity additions are being witnessed annually. In 2012, 772.3 Gigawatts (GW) of renewable capacity was installed in 2011 across the world. Of this capacity, wind and solar PV (Photovoltaic) are the major renewable sources of … Continue reading Cost of Renewable Power Generation Increasing Competitive
Continue readingWind Energy update: Foundation costs top list of industry focus points
As organisations across Europe use task forces to drive down the cost of offshore wind energy, Wind Energy Update [WEU] reveals the importance foundations has to the overall levelised cost of energy [LCOE]. In a recent survey conducted by WEU, five sub areas of wind power plant installation were selected for cost reduction. The sub … Continue reading Wind Energy update: Foundation costs top list of industry focus points
Continue readingFossil Fuel Subsidies Topped $620 Billion in 2011
The energy game is rigged in favor of fossil fuels because we omit the environmental and health costs of burning coal, oil, and natural gas from their prices. Subsidies manipulate the game even further. According to conservative estimates from the Global Subsidies Initiative and the International Energy Agency (IEA), governments around the world spent more … Continue reading Fossil Fuel Subsidies Topped $620 Billion in 2011
Continue readingWind Energy to Compete With Fossil Fuels by 2015, Make Says
Onshore wind energy will become competitive with traditional fossil fuels in Europe, the U.S. and Asia by 2015, Danish researcher Make Consulting said. Worldwide, the technology is an average of about 10 percent above grid parity — the level at which it
Continue readingNovel Designs Are Taking Wind Energy to the Next Level
New technology, including better control algorithms and communications, is improving the performance of wind turbines. Superficially, wind turbines haven’t changed much for decades. But they’ve gotten much smarter, and considerably bigger, and that’s helped increase the amount of electricity they can generate and lower the cost of wind power. GE’s new 2.5-120 wind turbine, announced … Continue reading Novel Designs Are Taking Wind Energy to the Next Level
Continue readingSolar Energy To Beat Coal Prices in New Mexico
A new solar power plant opening in New Mexico will be selling electricity at record low prices. First Solar, a large thin-film solar manufacturing company based in Tempe, Ariz., recently announced that it had bought a large solar power plant that was being developed in New Mexico. When completed, the 50-megawatt Macho Springs Solar Park … Continue reading Solar Energy To Beat Coal Prices in New Mexico
Continue readingWind energy will be cheapest electricity generating technology by 2020
Wind power will be at the centre of Europe’s power needs, meeting 50% of electricity demand by 2050, Robert Clover from MAKE Consulting said today. Moreover, “after 2020 wind is the cheapest technology, it is scaleable and it has minimal water requirements,” he added. Speaking at EWEA’s 2013 Annual Event in Vienna, Clover said onshore … Continue reading Wind energy will be cheapest electricity generating technology by 2020
Continue readingBringing Down the Cost of Small Wind Turbines
How do we stay competitive in the global wind energy market? A key component is continued leadership in manufacturing small wind turbines – those rated at 100 kilowatts or less. Historically, the United States has been the leading manufacturer of small wind turbines – helping to boost economic growth and create job opportunities. U.S. small … Continue reading Bringing Down the Cost of Small Wind Turbines
Continue readingNew wind turbine blade designs could reduce costs
In the well known Greek myth, Icarus, attempting to fly with wings that his father had constructed from feathers and wax, ignores instructions not to fly too close to the sun, the wax melts and he falls into the sea and drowns. If the wind industry is to develop its full potential, it must ensure … Continue reading New wind turbine blade designs could reduce costs
Continue readingOnshore wind energy is already cost competitive with coal and gas, and it is much cheaper than nuclear power
The cost of energy is a topic high up on the media agenda but it is a thorny issue complicated by all the different variables and methods used to calculate the cost of energy. One commonly used method is the “levelised cost of energy” (LCOE), which is, in simple terms, the lifetime cost of an … Continue reading Onshore wind energy is already cost competitive with coal and gas, and it is much cheaper than nuclear power
Continue readingRenewable power costs continue to fall
Renewable energy has become the most cost-effective way to generate electric power for hundreds of millions of people worldwide who are not on the grid, a new IRENA policy brief reveals. Renewable energy has also become the least-cost option for extending grid supply in areas with suitable resources, such as sun and wind. The findings … Continue reading Renewable power costs continue to fall
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