India and Australia are expected to lead a regional shift in power generation costs over the next few years, which will see renewable energy sources become cost competitive and cheaper than fossil fuels in the next few years, according to new figures published over the weekend by Wood Mackenzie Power & Renewables.
Measuring generation capacity of a solar or wind farm, for instance, is relatively simple — you can refer to its base figure or its peak figure (which is why you sometimes see MW or GW followed by a “p”). However, the same cannot be said for energy storage, as base capacity is, while a valuable figure, not the most valuable figure. Unsurprisingly, the figure people want to know for energy storage projects is how long it can provide power — which is where megawatt- or gigawatt-hours (MWh/GWh) come in; how many megawatt-hours can your new energy storage provide?
The Levelized Cost of Electricity of lithium-ion batteries and offshore wind have plummeted in the last year, according to new figures from research company Bloomberg New Energy Finance.
Siemens Gamesa Renewable Energy and Aalborg University in Denmark announced a partnership last month to lead the new i4Offshore research and development project, which will focus on significantly reducing the cost of offshore wind power through demonstrating and testing new technologies.
In an effort to continue the downward trend of wind prices around the world, new technology investment will focus on building bigger and better wind turbines, according to new research published by Wood Mackenzie Power & Renewables.
New analysis from Bloomberg New Energy Finance has determined that falling technology costs have allowed unsubsidized solar and onshore wind to become the cheapest source of new bulk power in all major economies except Japan.
A new report from Bloomberg New Energy Finance shows that continued cost reductions for renewable energy sources like wind and solar and new technologies like batteries are continuing to squeeze out the traditional role that has been played by fossil fuel energy sources.
A new research note from MAKE Consulting has confirmed what many have said before, the record low prices being awarded at renewable energy auctions across the world throughout 2016 and 2017 are indicative of the increasing competitiveness of renewable energy technologies globally.
The levelized cost of renewable electricity in the United Kingdom has continued to fall, and recent figures published by the UK Government show that they are lower than ever.
The offshore wind industry has seen its global levelised costs of electricity plummet 22% due to competitive bidding, reaching a benchmark estimate of $126/MWh during the second half of this year, according to new figures from Bloomberg New Energy Finance.
