The idea that it costs a premium to go green and clean is long expired in the electricity industry. A new report from the International Renewable Energy Agency (IRENA) indicates that most of the renewable energy installed in G20 countries last year had lower costs than the absolute cheapest coal … [continued]
According to 2018 data from the U.S. Energy Information Administration (EIA) for newly constructed utility-scale electric generators in the United States, annual capacity-weighted average construction costs for solar photovoltaic systems and onshore wind turbines have continued to decrease.
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.
A recent study finds that wind power saves far more in avoided health care costs than the federal production tax credit for wind energy producers.
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.
What do you think of people who just keep talking about the same thing o v e r and o v e r and o v e r again? Annoying as hell, right? Politicians who repeat the same crap lines repeatedly. CEOs who you hear deliver the same fluff PR talking point for the 100th time. Annoying cleantech bloggers who keep telling you about … oh, wait, I’m not going to go there. 🙂
Into the Wind By Peebles Squire Across the country, warmer than normal temperatures are sending people rushing to the thermostat to turn up the air conditioning. As a result of increased demand, prices for electricity on the spot market shot up, doubling in the Mid-Atlantic and Midwestern regions. There was one place, … [continued]
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]
Maintenance and capital costs for wind energy have continued to drop in recent years, according to a recent report. Bloomberg New Energy Finance notes that, for onshore wind projects, operation and maintenance (O&M) costs have declined dramatically from €30,906 per megawatt (MW) in 2008 to €19,200/MW in 2012, a … [continued]
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.
