NewEnergyNews: New Energy Going Global

NewEnergyNews

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YESTERDAY

  • TODAY’S STUDY: Testing Grid Modernization State By State
  • QUICK NEWS, November 12: What Big Oil Is Doing About Climate Change; A Tale Of New Energy In Two States
  • THE DAY BEFORE

  • Weekend Video: New Energy In The Midterms
  • Weekend Video: On The Algae Case In Florida
  • Weekend Video: Cleaning Up The Pacific Garbage Patch
  • THE DAY BEFORE THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-A Collection On Climate Change
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  • FRIDAY WORLD HEADLINE-EU Wind Builders Target Beneficial Electrification
  • THE DAY BEFORE THAT

    THINGS-TO-THINK-ABOUT THURSDAY,:

  • TTTA Thursday-Voters Rejected Climate Change, New Energy Efforts
  • TTTA Thursday-The Heat Stays On Grid Mod Efforts
  • TTTA Thursday-Ways To Make Retail Energy Choice Work
  • THE LAST DAY UP HERE

  • ORIGINAL REPORTING: Corporate New Energy deal-making getting bigger through innovation
  • How big can New England's regional cap-and-trade program get? New numbers prove it works and New Jersey and Virginia want in. Who’s next?
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    Founding Editor Herman K. Trabish

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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  • TODAY AT NewEnergyNews, November 13:

  • TODAY’S STUDY: The Many Values Of Solar Power Plants
  • QUICK NEWS, November 13: This Is What It Looks Like; Astonishing Things About New Energy, Part 1

    Friday, August 17, 2018

    New Energy Going Global

    Renewables are primed to enter the global energy race; solar and wind power could soon compete with oil and gas on scale and cost

    Sam Arie, August 13, 2018 (Financial Times)

    “In 2010, using solar power to boil your kettle would have cost you about £0.03. By 2020, according to estimates by our research team at UBS, the cost will have fallen to half a penny. By 2030, the cost could be so near to zero it will effectively be free…Abundant, cheap, clean power can be put to many uses — not just making tea…[It] is contributing to a wave of corporate action in the energy sector…[About a dozen major European utilities have recently announced] acquisitions, divestments or takeovers that could substantially reshape their business…Until recently, wind and solar in most parts of the world relied on generous subsidies — meaning renewables could only grow at the speed governments were prepared to pay for them. But in the past year large wind and solar projects have appeared that are viable without any subsidy or tax break at all. This means renewables can start to grow as fast as technology development allows, rather than at the pace that the world’s energy ministers decree…

    …[Governments have been turning the screw on cost. Where subsidies are available, companies must now bid for them in competitive auctions, and when the subsidies run out the companies may still bid against each other to secure the best sites for projects. This auction model is driving innovation and efficiency at a level nobody expected. In the UK, tendering has cut the cost of offshore wind by more than half in just three years. In Germany it has helped to shrink the premium for renewable energy by roughly half since 2015…[This] is pushing the developers towards a new, global race for scale…[W]ind and solar farms are getting bigger…[and the companies] are getting bigger…[This means] the structure of the industry will need to change…In the future, it may become more similar to the oil and gas industry with a smaller number of larger companies competing for global market share…[Few companies] will have time to relax and put the kettle on.” click here for more

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