Utility solar dethrones coal as the cheapest power source in Asia
Electrek
FEBRUARY 29, 2024
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.
Utility solar dethrones coal as the cheapest power source in Asia
Baua Electric
FEBRUARY 29, 2024
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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SAF company DG Fuels closes investments with two Japanese companies
Green Car Congress
JULY 29, 2023
The Louisiana SAF facility will be the template for multiple other such facilities to be built across North America, Europe and Asia. These changes eliminate the need for carbon sequestration and reduce the system’s feed-stock handling costs and complexity.
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BNEF: cost of new renewables rises as inflation starts to bite
Green Car Congress
JULY 1, 2022
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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Marubeni in Coal-Fired Power Plant Push for Asia
Green Car Congress
SEPTEMBER 4, 2010
will market energy-efficient coal-fired power plants in Asia, leveraging a bilateral emissions offset mechanism between Japan and other countries that enables Japan to receive carbon reduction credits in return for providing low-carbon technologies and equipment. Japan’s Marubeni Corp. This project is Marubeni’s tenth in Vietnam.
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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia
Green Car Congress
NOVEMBER 13, 2022
Both scenarios expect that growth in electricity demand can primarily be met by deployment of renewables such as solar, due to their falling costs. Today, coal-fired plants meet more than 60% of Indonesia’s power demand. Under the ETS, coal’s share rises to a peak of 74% by 2027 and then declines to 24% in 2050.
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EIA projects increases in global energy consumption and emissions through 2050
Green Car Congress
OCTOBER 7, 2021
In its International Energy Outlook 2021 (IEO2021), EIA projects that strong economic growth, particularly with developing economies in Asia, will drive global increases in energy consumption despite pandemic-related declines and long-term improvements in energy efficiency.
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BNEF: wind and solar boost cost-competitiveness versus fossil fuels
Green Car Congress
OCTOBER 6, 2015
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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EIA: US energy-related CO2 emissions in 2012 lowest since 1994; reflects drop in coal use
Green Car Congress
APRIL 5, 2013
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.
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GE and Shenhua open coal gasification joint venture in China
Green Car Congress
MAY 11, 2012
a 50:50 joint venture with Shenhua Group to advance the development and deployment of “cleaner coal” technology solutions in China. GBI report: Asia-Pacific to be the leading coal-producing region. The region’s coal industry comprises China, India, Australia, Indonesia, Kazakhstan, Thailand, Vietnam and New Zealand.
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Feasibility study concludes Arckaringa coal-to-methanol project could be viable addition to CTL
Green Car Congress
AUGUST 6, 2013
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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Study finds that dry-feed gasification for coal-to-liquids is more efficient, lower-emitting and cheaper than slurry-feed; CCS cost-effective for reduction of CO2
Green Car Congress
NOVEMBER 24, 2010
Comparison of coal consumption and CO 2 emissions for co-production and separate production of liquids and power. Conventional CTL plant gasifies coal to produce a syngas which is then converted in a Fischer-Tropsch reactor to products. Even with CCS, the liquid product costs are comparable to recent crude oil prices.
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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility
Green Car Congress
DECEMBER 12, 2021
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.
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SK E&S, SK Plug Hyverse partner with Korea South-East Power for green hydrogen & green ammonia production
Green Car Congress
AUGUST 21, 2022
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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Next Fuel signs definitive agreement to field-test in-situ microbial coal-to-gas technology in Indonesia
Green Car Congress
MAY 18, 2011
a development stage company, has signed a definitive agreement with PT Enviro Energy to field-test Next Fuel’s microbial Coal-to-Gas technology (CTG) to determine the commercial viability of utilizing it to produce natural gas at PT Enviro Energy’s coal deposits in Indonesia. Next Fuel, Inc.,
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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth
Green Car Congress
AUGUST 7, 2020
However, the resulting low gas prices, as well as clean air and climate policies, will promote further switching to gas from other more polluting energy sources, such as oil and coal. The report shows that medium-term growth will come from increasing cost-competitiveness and increased global access to gas. Source: BloombergNEF.
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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world
Green Car Congress
JANUARY 17, 2015
The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.
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IEA finds CO2 emissions flat for third straight year even as global economy grew in 2016
Green Car Congress
MARCH 18, 2017
This was the result of growing renewable power generation, switches from coal to natural gas, improvements in energy efficiency, as well as structural changes in the global economy. The decline was driven by a surge in shale gas supplies and more attractive renewable power that displaced coal.
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Study finds shifts to renewable energy can drive up energy poverty
Green Car Congress
JULY 13, 2019
Efforts to shift away from fossil fuels and replace oil and coal with renewable energy sources can help reduce carbon emissions but do so at the expense of increased inequality, according to a new study by researchers at Portland State University (PSU) and Vanderbilt University. —Julius McGee.
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Utah-based Energy Fuels to enter commercial rare earth business in Q1-2021
Green Car Congress
DECEMBER 26, 2020
The company is also in discussions with other entities to acquire additional supplies of monazite and is working with the US Department of Energy to evaluate the potential to process other types of REE and uranium bearing ores at the White Mesa Mill produced from coal-based resources.
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MIT Report Finds Natural Gas Has Significant Potential to Displace Coal, Reducing Greenhouse Gas Emissions; Role in Transportation More Limited
Green Car Congress
JUNE 26, 2010
Natural gas will play a leading role in reducing greenhouse-gas emissions over the next several decades, largely by replacing older, inefficient coal plants with highly efficient combined-cycle gas generation, according to a major new interim report out from MIT. The first two reports dealt with nuclear power (2003) and coal (2007).
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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies
Green Car Congress
JUNE 19, 2019
Deep declines in wind, solar and battery technology costs will result in a grid nearly half-powered by the two fast-growing renewable energy sources by 2050, according to the latest projections from BloombergNEF (BNEF). Each year, NEO compares the costs of competing energy technologies through a levelized cost of energy analysis.
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Asian Development Bank providing $300M towards replacing 100K gasoline trikes with E-Trikes in the Philippines; $300M for major road upgrades in Chhattisgarh, India
Green Car Congress
DECEMBER 11, 2012
E-Trike drivers will save upwards of $5 a day in fuel costs, and the new E-Trikes have the capacity to carry more passengers. Low quality roads are undermining the benefits of the state’s rich mineral and coal deposits, holding back new economic opportunities and access to social amenities, especially for minority groups. million.
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277 ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc
Green Car Congress
DECEMBER 10, 2014
This geographically diverse group comprises Brazil and Mexico in the Americas; South Africa and Nigeria in Africa; Egypt and Turkey in North Africa/Mediterranean; Saudi Arabia and Iran in the Middle East; as well as Thailand and Indonesia in Asia. Half of that increase will come from the Asia Pacific region, led by China.
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Greyrock, Tsinhua U, DRI to assess potential of synthetic diesel to improve air quality in China
Green Car Congress
MARCH 17, 2017
Synthetic fuels may be used for other practical applications such as cooking and domestic heating, potentially resulting in up to 100 times less particulate emissions than coal fired stoves. Tsinghua, a leading university in Asia, will lead the efforts to carry out the vehicle emission modeling in Beijing.
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Perspective: Despite Solyndra’s death, the future of solar energy is sunny
Green Car Congress
NOVEMBER 10, 2011
We’ve seen a considerable reduction in solar panel costs, but that is exactly why there is reason to be optimistic. With subsidies long in place for nuclear, coal and gas in the US along with the cheap cost of production for coal and natural gas, solar is essentially competing with that $0.10/kWh
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246 RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives
Green Car Congress
JUNE 20, 2012
From a cost perspective, the potential of alternative fuels is of limited, if any value, according to the lead report written by James Bartis, a RAND senior policy researcher. Alternative liquid fuels do not offer DoD a way to appreciably reduce fuel costs. Earlier post.). —Bartis 2012. Could oil production peak before 2030?
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225 EIA: China’s use of methanol in liquid fuels has grown rapidly since 2000; >500K bpd in 2016
Green Car Congress
FEBRUARY 23, 2017
About two-thirds of China’s methanol feedstock is produced from coal and the remainder from coking gas (a by-product of steel production) and natural gas. China has abundant coal resources, and for more than a decade the country has increased its capacity to manufacture methanol using coal as a feedstock.
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Fossil Fuel Production Up in 2008 Despite Recession
Green Car Congress
OCTOBER 17, 2009
World production of fossil fuels—oil, coal, and natural gas—increased 2.9% Continuing a decade-long trend, most of the growth was in the Asia-Pacific region, where production grew 6.3%. Coal has led the growth in fossil fuel production. By 2008, coal production represented a third of fossil energy production.
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150 IEA WEO-2012 finds major shift in global energy balance but not onto a more sustainable path; identifies potential for transformative shift in global energy efficiency
Green Car Congress
NOVEMBER 12, 2012
barely rises in OECD countries, although there is a pronounced shift away from oil, coal (and, in some countries, nuclear) towards natural gas and renewables. North America emerges as a net oil exporter, accelerating the switch in direction of international oil trade, with almost 90% of Middle Eastern oil exports being drawn to Asia by 2035.
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ExxonMobil predicts peak in light-duty vehicle liquid fuels ~2030, but ongoing role for oil in the mix
Green Car Congress
FEBRUARY 5, 2018
Motorcycles, which offer a lower-cost entry point to personal mobility, will see particularly high ownership in Asia Pacific, although the region will also lead significant growth in car ownership. The share of the world’s electricity generated by coal is expected to fall to less than 30% in 2040 from approximately 40% in 2016.
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ExxonMobil Outlook: 35% growth in energy demand by 2040; hybrids to account for ~50% of new vehicle sales
Green Car Congress
DECEMBER 15, 2013
Hybrids, which combine an internal combustion engine and an electric motor, are expected to account for about half of global new-car sales by 2040, as they become increasingly cost-competitive compared to conventional vehicles. This slower growth is attributed to the relatively higher cost of the vehicles, driven by the cost of batteries.
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Ford partners with Haier, Trina Solar and Delta Electronics to launch MyEnergi Lifestyle in China
Green Car Congress
MAY 27, 2015
At Consumer Electronics Show Asia, Ford launched a strategic collaboration with Haier (home appliance), Trina Solar (solar power) and Delta Electronics (power management) to introduce MyEnergi Lifestyle ( earlier post ) to China, a holistic approach for lowering the energy costs and carbon footprint of Chinese families.
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ExxonMobil projects 25% energy demand increase between 2014-2040, 50% decline in carbon intensity; hybrids to be 40% of new car sales
Green Car Congress
JANUARY 25, 2016
The company forecasts modest gains for plug-in electric cars, with cost and functionality remaining barriers. The share of the world’s electricity generated by coal is expected to fall to about 30% in 2040 from approximately 40% in 2014. Natural gas remains challenged as a fuel for most personal vehicles. Source: ExxonMobil.
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Shell to build LNG units in Gulf Coast and Great Lakes regions; two additional LNG for transport corridors in North America
Green Car Congress
MARCH 5, 2013
These conversions can reduce fuel costs and local emissions. The previously anticipated decline of North American gas production is reversed and China joins the top tier of producers, allowing both of these major energy consumers to reduce their demand for coal and ultimately oil. Shell animation of the liquefaction process.
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Opinion: The End Of An Era: Is The US Petrodollar Under Threat?
Green Car Congress
OCTOBER 31, 2014
Related: Should Europe Be Concerned About Russia’s Growing Energy Relationship with Asia? ). Having that status would allow China cheap access to world capital markets and cheaper transaction costs on international trade, not to mention increased clout as an economic power commensurate with its rising proportion of world commerce.
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225 MIT and IEA reports take different views of the future of natural gas in transportation
Green Car Congress
JUNE 10, 2011
For light passenger vehicles, even at 2010 oil-natural gas price differentials, the high incremental costs of CNG vehicles lead to longer payback times for the average driver, so significant penetration of CNG into the passenger fleet is unlikely in the short term, the report finds. Recently enacted state low-carbon fuel standards (e.g.,
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autoPOLIS report suggests tackling automotive environmental and energy problems from the market end first, rather than by technology push; need for a new transportation model
Green Car Congress
APRIL 25, 2011
Blow the tops off all those mountains in Appalachia, burn that coal! The uncertainties perhaps have less to do with technology than with the availability, cost and timing of alternative primary energy sources. In crowded Asia, it is in fact the only realistic option.
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225 EIA projects world liquid fuels use to rise 38% by 2040, driven by growth in Asia and Middle East; transportation 92% of demand
Green Car Congress
SEPTEMBER 10, 2014
World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to the Reference Case projections in International Energy Outlook 2014 ( IEO2014 ), released by the US Energy Information Administration (EIA). Source: EIA. Click to enlarge.
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Perspective: The Role of Offsets in Climate Change Legislation
Green Car Congress
MARCH 6, 2010
This article shows that including offsets in climate change legislation would likely make an emissions program more cost-effective by: (a) providing an incentive for non-regulated sources to generate emission reductions; and (b) expanding emission compliance opportunities for regulated entities. Transaction Costs. Integrity Concerns.
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IEA World Energy Outlook 2013 sees CO2 emissions rising by 20% to 2035; oil use on upward trend
Green Car Congress
NOVEMBER 13, 2013
Energy demand growth moves to Asia. China is about to become the largest oil-importing country and India becomes the largest importer of coal by the early 2020s. Together, these changes represent a re-orientation of energy trade from the Atlantic basin to the Asia-Pacific region, according to the report’s scenario. Source: IEA.
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Europe/US team: transitioning to a low-carbon world will create new rivalries, winners and losers
Green Car Congress
MAY 6, 2019
For example, rich countries such as Germany can throw billions of dollars at their coal sector to ease their transition pain, offering generous financial aid to lignite-producing regions. Some don’t manage, and political tensions rise in sub-Saharan Africa, the Middle East and Central Asia. Dirty nationalism. ?Elections
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ExxonMobil Outlook projects hybrids and advanced vehicles to account for nearly 50% of cars globally by 2040; fuel demand for for personal vehicles to peak and decline, while commercial transportation demand rises 70%
Green Car Congress
DECEMBER 11, 2011
However, these will account for only about 5 percent of the global fleet in 2040, their growth limited by cost and functionality considerations. By 2040, 30% of the world’s electricity will be produced using natural gas, while demand for coal will peak and experience its first long-term decline in modern history.
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408 IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil
Green Car Congress
NOVEMBER 13, 2011
There are barriers to the uptake of each alternative fuel and vehicle technology, including their applicability to different road transport modes, the need to develop vehicle drive-trains to accommodate the specific properties of the fuel, their cost-competitiveness and their environmental performance relative to oil. —WEO 2011.
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