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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.

Asia 52
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Wood Mackenzie: China thermal coal demand to double to nearly 7btpa by 2030

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In a new report, energy, mining and minerals consultancy Wood Mackenzie projects that despite efforts to limit coal consumption and seek alternative fuel options, China’s strong appetite for thermal coal will lead to a doubling of demand by 2030. It is very unlikely that demand for thermal coal in China will peak before 2030.

Coal 218
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SK E&S, SK Plug Hyverse partner with Korea South-East Power for green hydrogen & green ammonia production

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SK E&S signed a memorandum of understanding (MOU) with SK Plug Hyverse and KOEN regarding cooperation for carbon neutrality and the production of green hydrogen and green ammonia which will be consumed for co-firing at KOEN’s natural gas and coal based thermal power plants, by using electrolyzers to be produced in Korea by SK Plug Hyverse.

Green 284
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Berkeley study finds renewable portfolio standards insufficient to meet 2030 GHG emission targets; new policy required

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The least expensive way for the Western US to reduce greenhouse gas emissions enough to help prevent the worst consequences of global warming is to replace coal with renewable and other sources of energy that may include nuclear power, according to a new study by University of California, Berkeley, researchers. Click to enlarge.

Renewable 231
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DOE Selects Two SOFC Projects to Move Into Next SECA Phase

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The projects—led by FuelCell Energy, in partnership with VersaPower Systems, and Siemens Energy—have successfully demonstrated solid oxide fuel cells (SOFCs) designed for aggregation and use in coal-fueled central power generation. Cost of $700 per kilowatt (2007 dollars) for an integrated fuel cell power block.

Coal 150
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DOE to award up to $21.5M for two solid oxide fuel cell programs for central power generation

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Technical areas of interest include: Innovative Concepts: This topic area will support the research and development of SOFC technology that has the potential to significantly undercut current DOE cost targets in a SOFC system. Background. per 1000 hours power degradation over a 5-plus year stack life; high-volume (e.g., ?250MW/year)

Fuel 150
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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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In France, renewable energy consumption will be 20 percent by 2020. In Germany, renewable electricity generation will be 35 percent by 2020, and 50 percent by 2050. These companies have sunk costs invested in coal, gas and oil plants and are content in maximizing the return on these investments. Source: EIA.

Renewable 220