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

Green Car Congress

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

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However, the financial cost of the shift is causing concern. These costs are primarily borne by consumers. To date, renewables have had feed-in priority over conventionally generated power from combined cycle and coal-fired power plants. Siemens stands behind the energy transition.

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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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The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. The report calculates the cost of producing electricity from different types of new power plants. The report calculates the cost of producing electricity from different types of new power plants. Source: IEA/NEA.

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Hawaii opts for EVs and renewable energy

Revenge of the Electric Car

Once the capital costs of setting up the facility are recouped, about ten years in this case, all they have are maintenance and operational costs since the energy source is essentially free forever. Clean base load energy is particularly important since that is usually generated by nukes, burning coal or, in the case of Hawaii, oil.

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

It is simply the cost of doing business. "On some products, the costs, particularly in advanced technologies, are high," he said in a lengthy interview with Automotive News (free subscription required). Denmark did that with Wind Power and now most of their energy comes from wind rather than oil, natural gas, or coal.

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