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Utility solar dethrones coal as the cheapest power source in Asia

Baua Electric

Photo: China News Service Renewable energy costs in Asia last year were 13% cheaper than coal and are expected to be 32% cheaper by 2030, according to a new study. This is significant because it marks a shift toward making renewables increasingly competitive with coal, a mainstay in APAC’s energy mix.

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In a ‘monumental shift’, EU coal and gas collapse as wind and solar ascend

Baua Electric

Photo: Hornsea Project Europe’s coal electricity generation tanked by 26% and gas by 15% in 2023, according to a new report from energy think tank Ember. What’s more, for the first time, wind power, which grew by 18%, surpassed gas, which only accounted for 17% of Europe’s electricity. compared to 2022.

Coal 52
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Breaking: US, other G7 countries to phase out coal by early 2030s

Baua Electric

In a historic agreement, the G7 just agreed to phase out coal in the first half of the 2030s, according to statements made today. The US is in line with the G7 average (16%), while the other G7 members have mostly already phased out coal: France (0.4%), the UK (1.4%), Canada (5%), and Italy (5.3%).

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Solar to displace natural gas in the daytime + in summer on the Texas grid

Baua Electric

Solar is forecast to displace natural gas in the middle of the day and in the summer on the Texas grid, according to the US Energy Information Administration (EIA). Texas’s electricity mix of energy sources managed by the Electric Reliability Council of Texas (ERCOT) electricity grid operator changed noticeably in 2023.

Texas 52
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Renewables expand to 23% of US electrical generation in 2023, with solar in the lead

Baua Electric

of US electrical generation in 2023, according to newly released end-of-year US Energy Information Administration (EIA) data. EIA’s latest “ Electric Power Monthly ” (with data through December 31, 2023) reports that the combination of utility-scale and small-scale (e.g., rooftop) solar increased by 16.1% compared to 2022.

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Virginia is getting a 764 MW bump in solar power capacity

Baua Electric

Photo: Dominion Energy Virginia Virginia has approved over a dozen new solar projects that will significantly boost Dominion Energy’s clean energy capacity. The solar farms are expected to come online by 2026. gigawatts (GW) of approved solar farms in Virginia – enough to power more than 1.1 million homes at peak output.

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How renewables could beat natural gas in US generating capacity within 3 years – in numbers

Baua Electric

Photo courtesy of Tom Brewster/BLM California US renewables’ electrical generating capacity could be close to – and may even surpass – natural gas within three years, according to FERC data. In March alone, solar accounted for 99.7% In March alone, solar accounted for 99.7% Wind is currently at 11.77%.