NewEnergyNews: The New Energy Deal Get Even Better

NewEnergyNews

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YESTERDAY

  • ORIGINAL REPORTING: Floating solar offers unique bargains that U.S. utilities are missing
  • THE DAY BEFORE

  • TODAY’S STUDY: The Policy Fight For EVs
  • QUICK NEWS, August 20: Climate Crisis Gets Primary Debate – CNN, September 4; Wind Prices Now Beating NatGas

    THE DAY BEFORE THE DAY BEFORE

  • TODAY’S STUDY: The Wind Boom Now
  • QUICK NEWS, August 19: Any Kind Of Intelligence, Even Artificial; Rent Solar And Save
  • THE DAY BEFORE THAT

  • Weekend Video: Why Climate Change Is Winning
  • Weekend Video: Farming Solar In PA
  • Weekend Video: The Joke Is The Joker, Not The Climate Crisis
  • THE LAST DAY UP HERE

  • FRIDAY WORLD HEADLINE-July’s Record Heat Fits The Pattern
  • FRIDAY WORLD HEADLINE-Building The World’s New Energy Future
  • FRIDAY WORLD HEADLINE-China Seizes New Energy Opening
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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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  • THINGS-TO-THINK-ABOUT THURSDAY, August 22:

  • The Climate Crisis And Everyday Life
  • Corporates Lead Next Wave Energy Transition
  • Billions In Health Benefits From New Energy

    Friday, May 31, 2019

    The New Energy Deal Get Even Better

    Renewable Energy Costs Take Another Tumble, Making Fossil Fuels Look More Expensive Than Ever

    Dominic Dudley, May 29, 2019 (Forbes)

    “The cost of renewable energy has tumbled even further over the past year, to the point where almost every source of green energy can now compete on cost with oil, coal and gas-fired power plants…Hydroelectric power is the cheapest source of renewable energy, at an average of $0.05 per kilowatt hour (kWh), but the average cost of developing new power plants based on onshore wind, solar photovoltaic (PV), biomass or geothermal energy is now usually below $0.10/kWh. Not far behind that is offshore wind, which costs close to $0.12/kWh…[These global averages] can vary hugely…However, all these fuel types are now able to compete with the cost of developing new power plants based on fossil fuels such as oil and gas, which typically range from $0.05/kWh to over $0.15/kWh [according to a new International Renewable Energy Agency (IRENA) report]…

    …The most attractive renewable energy sources, from a cost perspective, are onshore wind [at $0.03-0.04/kWh] and solar PV [at $0.03/kWh] in places with good natural resources and the right regulatory and institutional frameworks…Even the most expensive renewable energy technology, concentrated solar power (CSP) [$0.10/kWh to $0.27/kWh, with an average price of around $0.18/kWh], is competitive against fossil fuels in some circumstances…The ability of renewable energy to compete effectively against the older fossil fuel technologies is coming as a result of consistent falls in the cost of new plants. Last year alone, the global weighted-average cost of electricity from bioenergy fell by 14%, while solar PV and onshore wind costs dropped by 13% and hydropower fell by 11%. The sharpest fall came in the cost of CSP plants, which dropped by 26%. The cost of geothermal and offshore wind appeared to plateau though, with costs edging down by just 1%...” click here for more

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