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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US wind energy pricing near all-time low
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
Continue readingPrice 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
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Wind 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
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Road 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
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DNV 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
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Wind 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
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Cost 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
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