Renewable electricity may be only source to withstand biggest shock in 70 years Renewable electricity will be the only source resilient to the biggest global energy shock in 70 years triggered by the coronavirus pandemic, according to the world’s energy watchdog. The International Energy Agency said the outbreak of Covid-19 would wipe out demand
“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
I heard a solar developer say that if the solar development was checkers, storage looks like three-dimensional chess, or for some, like a Swiss Army knife. Storage is complicated, and a new study of the value of energy storage explains some patterns we see in energy storage adoption and deployment. This helps explain why
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
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
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
National Grid has announced that for the first time, zero carbon power generation outstripped fossil fuels in Britain in 2019. Throughout the twelve months of last year, 48.5% of the country’s power came from zero carbon sources, including wind farms, solar and nuclear energy, alongside energy imported by subsea interconnectors. Throughout the same period, 43%
There is now enough installed solar energy capacity in the U.S. to power 13.5 million homes, and this amount is expected to double in the next five years. The solar energy industry is part of a very dynamic market. Many factors — including government policies, fossil fuel costs, solar energy technology advances, commodity prices,
Energy storage is no longer an asset class that utilities can ignore. One of the biggest criticisms of renewable energy has been its inherently intermittent nature. Solar energy plants don't produce power at night, and wind turbines don't produce power without wind, so utilities need fossil-fuel or power plants to keep the grid running.