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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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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

Green Car Congress

We see $548 billion being invested in battery capacity by 2050, two thirds of that at the grid level and one third installed behind-the-meter by households and businesses. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear. Coal emerges as the biggest loser in the long run.

Wind 220
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Underground Coal Gasification Company In Partnership to Test Alkaline Fuel Cells for Power Generation

Green Car Congress

Australia-based underground coal gasification (UCG) company Linc Energy ( earlier post ) has signed an exclusive agreement with the UK-based alkaline fuel cell technology company AFC Energy Plc and its related company, B9 Coal ( earlier post ). New electrolyte immediately restores the performance of the system.

Coal 199
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CMU study finds controlled EV charging can reduce generation cost, but at greater health and environmental costs depending upon the generation mix

Green Car Congress

Results from the study also suggest that with sufficient coal plant retirement and sufficient wind power, controlled charging could result in positive net benefits instead of negative. Reduction in annual generation cost and external emissions costs due to controlled charging compared to uncontrolled charging ($2010).

Charging 150
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Perspective: Despite Solyndra’s death, the future of solar energy is sunny

Green Car Congress

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 kWh average cost of electricity in the United States and globally. Steven Pleging is CEO/President of Quantum Solar Power Corp. ,

Solar 246
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UK power crisis – entirely the fault of regulators and ministers

EV Info

We have closed most of the coal plants and several the aging nuclear plants are moving offline as they close for repair of reach end of life. Or in other words we are reliant on Putin to keep the light on and at his mercy on the cost of the gas. Right now, production is low in Russia, so the cost has increased. Nuclear 15%.

Power 98
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

In general, the sponsor’s goal is to use as much cheap debt financing and as little equity as possible to complete the deal. From 2005 until 2007 JP Morgan estimated that close to 60% of the MWs of wind capacity installed in the US were from projects that used tax equity financing.

Financing 150