The average construction costs for solar photovoltaic systems, wind turbines, and natural gas-fired electricity generators all decreased in the United States in 2021 compared with 2020, according to our recently released data. Average construction costs fell by 18% from 2020 for natural gas-fired generators, by 5% for wind turbines, and by … [continued]
Lazard is a global asset management company that tracks the cost of producing electricity, among other things. It uses a measure called the Levelized Cost of Energy (LCOE), which averages the estimated costs of construction, maintenance, and fuel for electricity generating assets over the number of megawatt-hours that each is expected to produce over its lifetime. In simple terms, it is one way of comparing different ways of making electricity to see which cost more and which cost less.
Renewable energy is now the cheapest option, on average, for new electricity capacity around the world — developed countries like the US as well as developing countries. As I noted the other day, we need to keep channeling this message to the broader public, and especially decision-makers, but there are other things to do in order to increase renewable energy growth.
Researchers at Sandia National Laboratories are working to lower solar energy costs with a metal-organic framework material, aka the “Tinker Toy” material.
As I mentioned in my article covering the latest US Solar Market Insight report (which I just published a few hours ago), I was “out of the office” today giving a presentation on solar power growth. But the presentation was actually on much, much more than that, as you’ll see in the article below … [continued]
Solar PV manufacturing and overall costs continue to fall sharply, but that’s being overlooked as the media focuses on solar trade wars, price wars, scandals and insolvencies.
The drive to develop and deploy renewable energy worldwide has been no ‘blip on the radar screen,’ but rather a sustained effort, the cumulative magnitude and effects of which are laid out in two industry standard reference reports released yesterday: the United Nations Environment Programme’s “Global Trends in Renewable Energy Investment 2012” and the Renewable Energy Policy Network for the 21st Century’s (REN21) 2012 Renewables Global Status Report.
Since the tragic and ongoing nuclear disaster at the Fukushima Daiichi Nuclear Power plant began, Japan has been plunged into an intense energy policy debate. Currently, the main focus is on the struggle about whether or not to restart two nuclear reactors at the Ōi Nuclear Power Plant, which … [continued]
Merging with CBD Energy, Westinghouse Solar is to ship its Instant Connect solar panels “Down Under,” where rooftop solar is growing faster than grid operators can handle.
A new study from Bloomberg New Energy Finance finds that solar power is a much more competitive power option than many think. Basically, the technology has changed so fast that many people just don’t realize it’s such a good option now. From Bloomberg: “Many decision-makers have yet to catch up with … [continued]
