China aims to boost revenue for renewable power firms

BEIJING (Reuters) – China plans to make power purchasers take fair returns into account when buying electricity from renewable power generators, according to a draft rule issued by the National Energy Administration on Monday aimed at improving their revenues.

The draft rule will apply to non-hydropower resources, including wind, solar, biomass, geothermal and ocean power, the energy body said in a statement. Continue reading “China aims to boost revenue for renewable power firms”

A global 100% renewable energy system

(Image courtesy: iStock/Milos Muller)

A new report by LUT University in Finland and the Energy Watch Group (EWG) in Germany outlines a cross-sector, global 100% renewable energy system, backing up the version it released last year. The full modelling study simulates a total global energy transition in the electricity, heat, transport and desalination sectors by 2050. It claims that a transition to 100% renewable energy would lead to a system that was economically competitive with the current fossil and nuclear-based system. It could also, the study says, reduce greenhouse gas emissions in the energy system to zero by 2050, or perhaps earlier, without relying on negative CO2 emission technologies.

LUT/EWG have also developed a range of national roadmaps for the transition to 100% renewable power. The new global 100% renewable study builds on that work, and earlier global studies, covering all sectors.

“The study’s results show that all countries can and should accelerate the current Paris Climate Agreement targets,” said Christian Breyer, professor for solar economy at LUT. “A transition to 100% clean, renewable energies is highly realistic – even today, with the technologies currently available.” Continue reading “A global 100% renewable energy system”

China Invests In Renewable Energy In Cuba

Cuba began investing in renewable energy in 2014 and is ramping up its efforts in a push to make renewables its principal source of electricity by 2030. According to Xinhua News, China is one of the leading investors in Cuba’s renewable energy program.

The goal is for Cuba to derive 24% of its electricity from renewables such as sugarcane biomass, solar panels, wind farms, and small hydroelectric plants by 2024. “Photovoltaic solar energy is the one with the most progress, and there are 65 parks built throughout the country and another 15 are in process that will increase the installed power to 42 megawatts,” says Tatiana Amaran Bogachova, general director of the Electricity Department at Cuba’s Ministry of Energy and Mines.

Ovel Concepcion, director of renewable sources at the island’s Electric Union, says his organization expects to install 700 megawatts of renewable solar power by 2030. “We will also set up some 688 MW in wind farms, 56 MW in hydroelectric plants and provide electricity through photovoltaic panels in all remote homes that have no access to any other source of energy,” he says. Continue reading “China Invests In Renewable Energy In Cuba”

Germany renewables share jumped to to 72.4% last week

A year ago, Germany set itself a target of securing 65 per cent of its electricity needs from renewable energy sources by 2030 – one of the more ambitious renewable energy targets anywhere in the world, but one that is still well short of the 100 per cent many experts believe is not only necessary, but possible in Germany.

Possible may be underselling it, however, if the last few weeks of electricity generation in Germany are anything to go by.

A week ago, RenewEconomy editor Giles Parkinson reported that Germany had sourced nearly 65 per cent of its electricity generation from renewables for the week finishing March 3 – “week 10”, according to the parlance of the Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE), from whom the data has been sourced. Continue reading “Germany renewables share jumped to to 72.4% last week”

Renewable energy growth in USA to continue in 2019, says Deloitte

According to Deloitte, the fundamental drivers of renewable energy growth last year are likely to continue this year in the US.

Deloitte’s report – ‘2019 renewable energy industry outlook’ – informed that 2018 was a resilient year in the US. It gained ground in spite of uncertainty regarding the federal tax reform legislation’s effects. A series of new import tariffs added to the uncertainty.

Utility-scale output from solar and wind energy represented 8% of America’s electricity mix through Q3 of 2018. This was one percentage point up on Q3 2017.
Renewable energy growth – three trends…

The authors of the report see three trends coming into clearer focus.

These three trends, which will probably shape renewable energy growth this year, include:

-Policies that help boost renewable energy growth.
-Growing interest from investors in the sector.
-Technological advances that boost solar and wind energy’s value to the grid, customers, and asset owners.

Continue reading “Renewable energy growth in USA to continue in 2019, says Deloitte”

Clean energy investment exceeded $300 billion in 2018

clean energy investment totalled $332.1 billion in 2018, the fifth in a row in which investment exceeded the $300 billion mark, according to BloombergNEF (BNEF)

There were sharp contrasts between clean energy sectors in terms of the change in dollar investment last year. Wind investment rose 3% to $128.6 billion, with offshore wind having its second-highest year. Money committed to smart meter rollouts and electric vehicle company financings also increased. Continue reading “Clean energy investment exceeded $300 billion in 2018”

UK government releases 2017 renewable energy statistics

The U.K. Department for Business, Energy and Industrial Strategy recently released updated energy statistics, reporting that electricity generation from renewable sources increased by 19 percent between 2016 and 2017, reaching 99.3 terawatt hours (TWh).

Overall in 2017, 10.2 percent of total U.K. energy consumption came from renewable sources, up from 9.2 percent in 2016. Renewable electricity represented 27.9 percent of total generation, renewable heat reached 7.7 percent of overall heat, and renewables in transport reached 4.6 percent.

Generation from bioenergy and waste increased by 6 percent from 2016 to 2017, reaching 31.9 TWh. Bioenergy and waste capacity increased by 5.1 percent, reaching 6 GW. Of this increase, 69 percent was from plant biomass, with 36 percent from energy-from-waste, and 22 percent from anaerobic digestion. Continue reading “UK government releases 2017 renewable energy statistics”

Balancing Emissions and Removals from Europe’s Forests

[Pic:Stewart Black/Flickr]
EU policymakers face a big challenge to maximise the economic potential of Europe’s forestry sector while balancing its carbon emissions and removals. But it’s one they will have to rise to if the bloc is to meet its climate and energy targets.

Forests are Europe’s biggest carbon sinks and forestry the sector with the greatest potential to remove carbon from the atmosphere in the quantities needed to meet the bloc’s Paris Agreement target of slashing net emissions by 40% by 2030, compared to 1990 levels.
The EU contains 5% of the world’s forests, covering around 40% of the bloc’s land territory. Some 60% of EU forests, defined as wooded areas of at least 0.5 hectares with a canopy cover of at least 10%, are privately owned. The remaining 40% is owned and managed by public authorities.

Forest area in Europe has expanded continuously over the last 60 years and now covers around 155 million hectares, equivalent to the area of France, Germany, Poland and the UK combined.

Between them, the EU’s forests are capable of removing from the atmosphere and storing 10% of the bloc’s 4.45 billion tonnes of annual carbon emissions.

Bioenergy currently represents 61% of the renewable energy consumed in the EU, with forest biomass making up 70% of all bioenergy. “The tremendous work that remains to be done to get rid of fossil fuels leave space for all types of renewables, including bioenergy,” the Secretary-General of the European Biomass Association (AEBIOM) Jean-Marc Jossart told EURACTIV.com. Continue reading “Balancing Emissions and Removals from Europe’s Forests”