“Dramatic” recent gains have pushed solar’s levelised cost of electricity below US$30/MWh and will see the industry break the US$20/MWh average in a decade, BloombergNEF (BNEF) has said. New analysis from the consultancy found that utility-scale solar and onshore wind new-builds have become the cheapest option in countries home to two-thirds of the world’s population,
Last year saw renewables records broken across the board as renewables produced nearly 37% of the UK’s power, according to new data released by the Department for Business, Energy and Industrial Strategy (BEIS). In 2019, renewables generated a record breaking 36.9% of the UK’s electricity, it announced today (26 March). Of this, wind power
Decision comes four years after ministers scrapped support for new projects The UK has abandoned its opposition to subsidising new onshore windfarms, four years after ministers scrapped support for new projects. The government will remove a block against onshore wind projects by allowing schemes to compete for subsidies alongside solar power developments and floating
Concerns around the impact of the novel coronavirus pandemic on the Australian solar industry have shifted from supply to demand as manufacturers in China resume business-almost-as-usual, but the local economy braces for a major hit. In a Smart Energy Council-led webinar on Thursday morning, industry leaders talked over the impact of the COVID-19 – on
ScottishPower has announced from today all new domestic fixed price tariffs will use 100% renewable energy that will be sourced entirely from its own wind farms. This will mean that all of the power generated by the company’s wind farms will be used exclusively by its domestic and commercial customers. Money made from the
Nationwide has today (10 February) announced it is to make £1 billion available for borrowers to reduce the carbon footprint of their homes. The £1 billion will be available to “kickstart” green home improvements and retrofitting, by offering a new range of green mortgages. These will have preferential rates for those buying a new-build
Emissions flatlined in 2019 thanks to advances in clean energy, according to new research by the International Energy Agency (IEA). For the second year, emissions were 33 gigatonnes, despite a growth in the world economy of 2.9%. Globally emissions declined by some 170 million tonnes (Mt) in the power sector, or 1.2%, bringing many
Regulator aims to support investment in low-carbon technology while protecting households from price rises Britain’s energy regulator has said it will change how it governs the industry to help meet the government’s climate targets, after coming under fire for failing to prioritise the climate emergency. The regulator published a wide-ranging climate action plan on
Huge savings after just four years I’ve been toying with the idea of installing solar panels and a Tesla Powerwall in my house for a long time, but I haven’t because I wasn’t entirely convinced about the long term savings. This story of an Australian household saving $5,700 on electricity bills may have changed
The Microgeneration Certification Scheme (MCS) has published its standard for the installation of battery energy storage systems. The scheme comes after several months of development, with input from Tesla, sonnen, Moixa, Powervault, the Solar Trade Association (STA) and the Renewable Energy Association, among others. It is set to complement the certification of other microgeneration