QUICK NEWS, July 17: Offshore Wind Price Competitive With Nuclear; Solar Spreading As New Energy Costs Plummet
Offshore Wind Price Competitive With Nuclear Danish Energy Agency’s new estimate slashes price of renewable energy by 30% - bringing offshore wind on par with nuclear
Vilhelm Carlstrom, 16 July 2018 (Business Insider – Nordic)
“…In the past thirty years, Denmark has reduced carbon dioxide emissions by 30%, and even reduced energy consumption by 7%, while GDP grew 55%...[Its , the Levelized Cost of Energy (LCoE) calculator compares various energy sources on lifetime costs] beyond those associated with construction and production – like the socioeconomic costs of different emissions…[In the newest update, for] facilities commencing production in 2020, the price of offshore wind has been slashed by 30%, onshore wind by 25% and solar by 40%...[due to] a significant reduction in the capital expenditure and operating costs associated with employing the new technologies, coupled with increases in productivity…The reductions bring the average costs of producing one MWh of energy to EUR 46 for Danish offshore wind projects, EUR 30 for onshore wind, and EUR 40 for photovoltaic solar energy. That brings offshore wind on par with nuclear power, while onshore wind is by far the cheapest, and solar PV closing in quickly…The agency stresses that the results will vary greatly based on assumptions and locality…” click here for more
Solar Spreading As New Energy Costs Plummet 32 Million New Homes Will Have Renewable Energy Via Solar Power By 2030; Developing nations may leap-frog old-school power lines.
Matthew Phelan, July 16, 2018 (Inverse)
“…[A]ccess to decentralized power systems — including a projected 72 million solar-powered homes — will expand access to electricity more cheaply and more sustainably than past estimates…[and] the total industry investment required to achieve this is approximately $372 billion dollars less than recent assessments by the International Energy Agency [according to a new report from Bloomberg New Energy Finance]…About $162 billion is currently likely to be spent on expanding energy access…with about $191 million needed to close the gap to universal access…[T]he report’s emphasis on decentralized energy grids that allow leap-frogging technologies aligns with [the newest United Nations approach. Energy companies can] focus their efforts on the last handful of places where traditional, old-school grid extensions remain economically viable until sometime around the mid-2020s…[Where the per-kWh price of grid-connected New Energy is not competitive, home solar systems or community level microgrids] can and do suddenly become more cost effective…[Of the 238 million new households to get electricity between now and 2030,] 72 million will use solar home systems and 34 million will benefit from microgrids…” click here for more