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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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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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EIA: US energy-related CO2 emissions in 2012 lowest since 1994; reflects drop in coal use

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The largest drop in emissions in 2012 came from coal, which is used almost exclusively for electricity generation. During 2012, particularly in the spring and early summer, low natural gas prices led to competition between natural gas- and coal-fired electric power generators.

Coal 265
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Feasibility study concludes Arckaringa coal-to-methanol project could be viable addition to CTL

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A Technical Feasibility Study (TFS) for a coal-to-methanol (CTM) plant based on the Arckaringa coal resources in Australia has concluded that CTM could be a viable project capable of augmenting the Bankable Feasibility Study (BFS) for Altona Energy’s Arckaringa Clean Energy CTL (coal-to-liquids) and Power Project in South Australia.

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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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The energy crisis in Europe and Asia this winter is a preview of what we can expect in the years ahead. The unprecedented level of uncertainty increases the risk profile of hydrocarbon investments and the cost of capital, reshaping investment decisions, the report states.

Price 416
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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.

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BNEF: wind and solar boost cost-competitiveness versus fossil fuels

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This year has brought a significant shift in the generating cost comparison between renewable energy and fossil fuels, according to detailed analysis by technology and region, published this week by Bloomberg New Energy Finance. —Seb Henbest, head of Europe, Middle East and Africa at BNEF.

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