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BNEF: cost of new renewables rises as inflation starts to bite

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The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). The global benchmark levelized cost of electricity, or LCOE, has retreated to where it was in 2019. The latter cost at $74 and $81 per MWh, respectively.

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Geely supporting Danish initiative on e-methanol with vehicle trials in Aalborg

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Denmark has been a global leader in sustainability, and has pledged to reduce its carbon emissions by 70% by 2030. While the country is one of the world’s largest producers of wind and solar renewable energy, it faces the issue of renewable energy being weather-dependent and prone to fluctuation.

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Wind-to-Hydrogen Tech Goes to Sea

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Wind and solar parks produce a large portion of their energy. Then, as now, wind farms are operating off the world’s coasts—but not all of these offshore sites are connected to the mainland via underwater power cables. Some of the wind farms instead sit in clusters more than 100 kilometers out at sea.

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Groupe Renault launching large-scale V2G trials with fleet of 15 Zoe EVs

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Following these, more pilot schemes will be introduced in France, Germany, Switzerland, Sweden and Denmark. We have chosen onboard technology that also optimizes the cost of recharging stations and thus facilitate a large-scale development. —Gilles Normand, Groupe Renault’s director of electric vehicles.

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Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

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Relying on a higher share of efficient, low-emission combined cycle power plants and wind energy could save €150 billion (US$200 billion) by 2030 while attaining the same CO 2 targets, Siemens says. However, the financial cost of the shift is causing concern. Source: Siemens. Click to enlarge. One possibility here is auctions.

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Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

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2010 and 2015 LCOE ranges for solar and wind technologies. The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. Bottom: LCOE ranges for solar PV and wind technologies at three discount rates. Source: IEA/NEA. Click to enlarge. Source: IEA/NEA.

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Exploring the adoption of EVs in the US, Europe and China; charging scenarios and infrastructure

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Within the EU, it cites examples from France, Germany, Spain, the United Kingdom, and Denmark. Denmark has a goal of 200,000 EVs by 2020, recently reduced from 400,000. Furthest along with electricity market deregulation, the US can serve as a model for how to design market rules to reduce the cost of integrating EVs on the grid.

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