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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

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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

Wind 220
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BloombergNEF: solar, wind, batteries to attract $10T to 2050; curbing emissions long-term will require other technologies

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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). Wind and solar grow from 7% of generation today to 48% by 2050.

Wind 207
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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Investment in new large- and small-scale solar projects rose to a record-breaking $120 billion, up 33% from the first half of 2021. Wind project financing was up 16% from 1H 2021, at $84 billion. China posted remarkable investment growth in both wind and solar project finance, according to the report.

Financing 243
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Air France KLM signs 210M gallon SAF offtake agreement with DG Fuels

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The feed-stock reduction is achieved primarily by supplementing the process with oxygen and hydrogen produced by water electrolysis units that are powered by clean wind and solar generated electricity. DGF replaces the coal gasification used by others with biomass gasification and natural gas reforming.

France 426
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Energy Vault to provide 1.6 GWh of gravity energy storage to support DG Fuels SAF projects

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The composite blocks can be made from low-cost and locally sourced materials, including the excavated soil at the construction site, but can also utilize waste materials such as mine tailings, coal combustion residuals (coal ash), and fiberglass from decommissioned wind turbine blades.

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Renewables expand to 23% of US electrical generation in 2023, with solar in the lead

Baua Electric

rooftop) solar increased by 16.1% Small-scale solar alone grew by 20.1% – faster than any other energy source. In December alone, small-scale solar increased by 21.4% while total solar grew by 30.7%. As a result, by the end of 2023, solar was 5.6% Small-scale solar accounted for 30.9% compared to 2022.

Solar 52