Solar Could Beat Coal to Become the Cheapest Power on Earth
Jessica Shankleman and Chris Martin for Bloomberg: Solar power is now cheaper than coal in some parts of the world. In less than a decade, it’s likely to be the lowest-cost option almost everywhere.
In 2016, countries from Chile to the United Arab Emirates broke records with deals to generate electricity from sunshine for less than 3 cents a kilowatt-hour, half the average global cost of coal power. Now, Saudi Arabia, Jordan and Mexico are planning auctions and tenders for this year, aiming to drop prices even further. Taking advantage: Companies such as Italy’s Enel SpA and Dublin’s Mainstream Renewable Power, who gained experienced in Europe and now seek new markets abroad as subsidies dry up at home.
Since 2009, solar prices are down 62 percent, with every part of the supply chain trimming costs. That’s help cut risk premiums on bank loans, and pushed manufacturing capacity to record levels. By 2025, solar may be cheaper than using coal on average globally, according to Bloomberg New Energy Finance. Cont'd...
Integrated Water Management Summit to address current and future water challenges in the Middle East
The Integrated Water Management Summit will serve as a platform for water bodies in the region to discuss regulations, water management strategies and emerging technologies in water desalination and wastewater treatment.
PVinsights: Holiday Season Tempers the Momentum of Price Slump
Solar module prices continue to drop this week, but the scope is relatively limited in comparison to previous weeks. Although solar panel sectors continue to struggle with oversupply, the thinning trading in EU and US during holiday season, the stabilized solar panel prices in China, and the tempered pace of strong dollar have all resulted to a limited drop of module prices this week. Because the solar panel prices in EU and US had experienced sharp reduction, due to the fierce competition before the year-end of 2016, the descent of solar panel prices in these regions have seem to be relieved temporarily this week. Moreover, although solar panel prices in these regions remain depressed, a lull in trading from the holidays has led the prices to be less volatile. Meanwhile, solar panel prices in China remain firm this week thanks to the solid domestic demand.
China to plow $361 billion into renewable fuel by 2020
Reuters: China will plow 2.5 trillion yuan ($361 billion) into renewable power generation by 2020, the country's energy agency said on Thursday, as the world's largest energy market continues to shift away from dirty coal power towards cleaner fuels.
The investment will create over 13 million jobs in the sector, the National Energy Administration (NEA) said in a blueprint document that lays out its plan to develop the nation's energy sector during the five-year 2016 to 2020 period.
The NEA said installed renewable power capacity including wind, hydro, solar and nuclear power will contribute to about half of new electricity generation by 2020.
The agency did not disclose more details on where the funds, which equate to about $72 billion each year, would be spent.
Still, the investment reflects Beijing's continued focus on curbing the use of fossil fuels, which have fostered the country's economic growth over the past decade, as it ramps up its war on pollution. Cont'd...
AWEA statement on Maryland Clean Energy Jobs Act veto override
Senator Brian Feldman and Delegate Bill Frick, sponsors of the Maryland Clean Energy Jobs Act, joined with other state lawmakers, business leaders, and advocates, calling for a veto override today at the Maryland State House.
AcuRite Announces the AcuRite® Atlasâ„¢ Family of Environmental Monitoring Solutions with UV Monitoring and Lightning Detection
The New AcuRite® Atlasâ„¢ and AcuRite® Atlas Eliteâ„¢ Deliver Reliable, Intuitive Tools that Empower Consumers to Analyze Conditions, Better Understand Their Environments, and Ultimately Protect Their Families and Valuable Property
Japan World Smart Energy Week 2017 - invites all green, clean tech professionals and companies.
World Smart Energy Week 2017, is organized by Reed Exhibitions Japan bringing 1,570 exhibitors including 9 renewable energy shows- Hydrogen & Fuel Cell Expo, Intl Photovoltaic Power Generation Expo,Photovoltaic Power Generation Expo, BATTERY JAPAN- 8th Intl Rechargeable Battery Expo, SMART GRID EXPO, WIND EXPO 2017- Wind Energy Expo & Conference, ENERGY MARKET LIBERALISATION EXPO, BIOMASS EXPO and THERMAL POWER EXPO-1st Next-generation Thermal Power Generation Expo.
Giant Wind Turbines Now At Eight Megawatts, And Getting Larger
Peter Kelly-Detwiler for Forbes: News arrived in late December from the waters off the United Kingdom that the first of MHI Vestas (a joint venture between Vests and Mitsubishi Heavy Industries) 8.0 megawatt (MW) turbines is now delivering commercial power to Dong Energy’s Burbo Bank Extension. The entire 258 MW project – to be completed in Q1 of 2017 - will need only 32 such turbines. This is a significant milestone, as wind turbines have become increasingly more powerful over a relatively short timeframe. This 8 MW machine is currently the largest commercial turbine in the world. Less than ten years ago, at the original Burbo Bank project, a 3.6 MW turbine was inaugurated, the largest in the industry at the time. Cont'd.. .
Ballard is First to Power Fuel Cell Electric Buses For 10+ Million Kilometers of Revenue Service
Ballard Power Systems (NASDAQ: BLDP; TSX: BLDP) today announced that it is the first fuel cell company to power buses for more than 10 million cumulative kilometers (6.2 million miles) of revenue service, equivalent to circling the Earth 250 times at the equator.
Viridity Energy's Business to be Acquired by Ormat Technologies
Viridity Energy, Inc., a leading demand response, demand management, and battery storage solutions provider, announced today that Ormat Technologies, a global geothermal and renewable energy company that has over five decades of experience, has signed a definitive agreement to acquire substantially all of Viriditys business and assets in a cash transaction.
Solar Energy Associations Unite to Open Capital for Wide-Scale Industry Growth
New advisory council under Solar Energy Industries Association to focus on improving access to capital
Boviet Solar USA Introduces New Line of 72-Cell and 60-Cell, High Efficiency Solar Modules for 2017
Latest Solar Panel Innovations from Boviet Solar USA Include New Mono and Poly Modules, PERC Modules, and New Quick Install Modules with Built-In Racking
Swiss Firm to Use Solar Power for Space Tourism
Financial Tribune: SolarStratos, a Swiss startup, has unveiled an airplane that uses solar power to lift people to the edge of space and return them gently to earth.
The company revealed its “solar plane”, a 28 foot-long aircraft that will be the first manned aircraft entirely powered by solar energy to rise above the stratosphere and bring passengers close to the stars. The solar power airplane has a wingspan of 81.3 feet and weighs 992 pounds.
It will take two hours to ascend to the edge of space some 15 miles above the earth. SolarStratos will stay there for 15 minutes before beginning a three-hour descent back to earth. Cont'd...
PVinsights: Solar Panel Continue To Record New Low
Solar panels lead losses in supply chain this week as serious competition added to the mounting price tension in the regional solar markets. Amid the expanded capacity in SEA, top tier Asian solar panel makers can gain access to the US market without high tariff rates and are offering strategic price reductions in order to compete with the western rivals and tier-1 Chinese manufacturers for more market shares. Recently, Hanwha Q-cell has been the dominant player that fuels price competition over major solar markets in EU, Japan and most noticeably in the US. Therefore, as Chinese module makers are also forced to join the price war, solar panel prices in these regions are further driven down by such competition. Moreover, solar panel prices in EU and US are further pressured due to thinning trading ahead of the year-end holiday period.
Twice the Solar Power for Significantly Less Cost
Concentrating Solar Power Now Available for Homes and Businesses
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