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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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DOE to award $28.35M for R&D on advanced processing of rare earth elements and critical minerals from coal-based resources

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The US has no domestic production for 14 CMs and is completely dependent on imports to supply its demand. Scandium and yttrium are included in the manufacture of cell phones, LED screens, solar panels, energy infrastructure, defense technologies, and other essential high-tech applications.

Coal 186
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IEA: governments must act to ensure sufficient supply of critical minerals to meet net-zero goals

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Demand outlooks and supply vulnerabilities vary widely by mineral, but the energy sector’s overall needs for critical minerals could increase by as much as six times by 2040, depending on how rapidly governments act to reduce emissions. Solar PV follows closely, due to the sheer volume of capacity that is added. Source: IEA.

Supplies 248
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Bloomberg NEF forecasts falling battery prices enabling surge in wind and solar to 50% of global generation by 2050

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The arrival of cheap battery storage will mean that it becomes increasingly possible to finesse the delivery of electricity from wind and solar, so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. trillion of that going to wind and solar and a further $1.5 NEO 2018 sees $11.5

Wind 220
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IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

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billion tonnes, their highest ever level, as the world economy rebounded strongly from the COVID-19 crisis and relied heavily on coal to power that growth, according to new IEA analysis. Coal accounted for over 40% of the overall growth in global CO 2 emissions in 2021, reaching an all-time high of 15.3 billion tonnes.

Emissions 370
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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia

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Based on BNEF’s New Energy Outlook, its annual long-term scenario analysis on the future of the energy economy, the report examines how Indonesia’s energy supply may evolve under BNEF’s Economic Transition Scenario (ETS) as well as a Net Zero Scenario (NZS) compliant with the goals of the Paris Agreement.

Indonesia 195
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ENEOS begins joint study with Origin on Japan-Australia green hydrogen supply chain; MCH as transport medium

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ENEOS Corporation and Origin Energy signed a memorandum of understanding to conduct a study on a potential business collaboration for the development of a CO 2 -free hydrogen supply chain between Japan and Australia. Specifically, Origin will focus on use of renewable energy supply and water electrolysis cells for hydrogen production.

Australia 221