Report: Renewable Energy to Expand by 50% in Next Five Years

Global supplies of renewable electricity are growing faster than expected and could expand by 50% in the next five years, powered by a resurgence in solar energy.

The International Energy Agency (IEA) found that solar, wind and hydropower projects are rolling out at their fastest rate in four years.

Its latest report predicts that by 2024 a new dawn for cheap solar power could see the world’s solar capacity grow by 600GW, almost double the installed total electricity capacity of Japan. Overall, renewable electricity is expected to grow by 1,200GW in the next five years, the equivalent of the total electricity capacity of the US. Continue reading “Report: Renewable Energy to Expand by 50% in Next Five Years”

Bloomberg: What’s Behind the World’s Biggest Climate Victory?

wind energyThe chief executive of the world’s largest private coal company sat before a group of U.S. lawmakers who wanted to know whether the fuel had a future. He didn’t hesitate. “Coal,” he said, “is the future.”

It was 2010. Coal supplied nearly half of America’s power, the executive testified, and was growing more than 1.5 times faster than oil, natural gas, nuclear and renewables combined. Global demand was on pace to rise 53% within two decades. And renewable energy? Not an option. “Wind and solar comprise just 1% of today’s U.S. energy mix,” Gregory Boyce, then the chief executive of Peabody Energy Corp., told the members of Congress. “It is unrealistic to suggest that renewables could replace conventional baseload fuels.” Continue reading “Bloomberg: What’s Behind the World’s Biggest Climate Victory?”

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”

Renewable energy: UK consults on paying homes and businesses for excess generation

The ‘Smart Export Guarantee’ would replace the export tariff and apply to small-scale renewable sources such as solar panels

The government is seeking views on introducing a new scheme that would pay households and businesses for surplus electricity produced by small-scale renewables such as solar panels.

Under the Smart Export Guarantee (SEG) proposal, which would replace the export tariff under the Feed-in Tariff scheme, larger energy suppliers – with more than 250,000 domestic electricity customers – would have to pay consumers for the excess power generated and exported to the grid.

It suggests smaller suppliers may also opt to voluntarily provide a SEG tariff. Continue reading “Renewable energy: UK consults on paying homes and businesses for excess generation”

Is Renewable Energy Ready to Topple Fossil Fuel’s Domination?

Heavy dependence on oil, gas, and coal may dissipate sooner than you think as the infrastructure matures around alternative sources like wind and solar. It seems like, in the near future, renewable-energy source technologies such as solar and wind power have a chance to surpass traditional fossil fuels in terms of usage. I mention solar and wind power because these energy generators seem to be more visible than other types of renewable energy. Being born and bred in Arizona, I’m certain that solar energy sits at the top of the list.

But, let’s step back and look at the big picture. According to the U.S. Energy Information Administration, renewable energy sources in 2017 collectively had a minor impact on the energy consumption in the United States (Fig. 1). Continue reading “Is Renewable Energy Ready to Topple Fossil Fuel’s Domination?”

US Renewable Energy Capacity Beats Natural Gas For Fourth Year Running

For the fourth year in a row, new US electricity capacity from renewable energy sources surpassed those from natural gas, and accounted for half of all new capacity additions, according to recent figures published by the country’s Federal Energy Regulatory Commission.

New electricity capacity from renewable energy sources — including biomass, geothermal, hydropower, solar, and wind — accounted for 49.85% of all new capacity installed during 2017, which totaled 24,614 MW (megawatts), meaning that there was 12,270 MW worth of new renewable energy capacity. New natural gas capacity accounted for 48.67%, with the remaining new capacity being served by waste heat (0.89%), nuclear (0.41%), and oil ( 0.16%). There was no new coal capacity added during 2017.

These are the key statistics from Federal Energy Regulatory Commission’s (FERC) latest issue of its “Energy Infrastructure Update” (PDF) which includes data through to the end of 2017. Ken Bossong’s Sun Day Campaign highlighted these statistics in an email on Wednesday.

While renewable energy capacity was down on 2016’s impressive 16,124 MW, it nevertheless retained its position as the dominant new form of energy, outpacing natural gas for the fourth year in a row. Continue reading “US Renewable Energy Capacity Beats Natural Gas For Fourth Year Running”

Cabo Verde to be fully powered by renewable energy within eight years

The petite island archipelago nation of Cabo Verde (formerly Cape Verde), which floats almost 600km off the coast of Senegal in West Africa, has set an ambitious goal of obtaining all of its energy from renewable sources by 2025.

The recent announcement forms part of the country’s ‘sustainable energy for all’ agenda, something that is aimed to help the environment and reduce the expensive cost of electricity for Cabo Verdeans. Historically, this ten-island nation has mostly used generators running on imported petroleum products to provide electricity for industry and its residents, who now number 550,000. And about a third of this population still relies on the burning of firewood or charcoal for cooking. Continue reading “Cabo Verde to be fully powered by renewable energy within eight years”

Africa’s Renewable Energy Set to Soar by 2022

photo credit: voanews

Strong demand is set to give a huge boost to renewable energy growth in sub-Saharan Africa over the next five years, driving cumulative capacity up more than 70 percent, a senior international energy official said Wednesday.

From Ethiopia to South Africa, millions of people are getting access to electricity for the first time as the continent turns to solar, wind and hydropower projects to boost generation capacity.
“A big chunk of this [growth] is hydro because of Ethiopia, but then you have solar … in South Africa, Nigeria and Namibia and wind in South Africa and Ethiopia as well,” said Paolo Frankl, head of the renewable division at the Paris-based International Energy Agency.

He forecast installed capacity of renewable energy in the Sub-Saharan region almost doubling — from around 35 gigawatts now to above 60 gigawatts, given the right conditions.

Ethiopia has an array of hydropower projects under construction, including the $4.1 billion Grand Renaissance Dam along the Nile River that will churn out 6,000 megawatts upon completion. That is enough for a good-sized city for a year.

“Africa has one of the best potential resources of renewables anywhere in the world, but it depends very much on the enabling framework, on the governance and the right rules,” Frankl told Reuters on the sidelines of a wind energy conference. Continue reading “Africa’s Renewable Energy Set to Soar by 2022”

Can California Really Go 100 Percent Renewable Energy?

California lawmakers are considering a ground-breaking new energy goal: getting 100 percent of the state’s electricity from clean sources like solar and wind — in less than 30 years.

For a state of California’s size, it’s an ambitious reach. California is second only to Texas in its energy appetite.

As debate over the measure wore on in Sacramento this summer, another debate raged over the benefits and risks of going completely green, one that could shape California’s future as well as other states.

On one side: Mark Jacobson, a professor of civil and environmental engineering at Stanford University.
“We absolutely do not need natural gas or coal,” says Jacobson. “The costs of solar are so low. The costs of wind are very low.” Continue reading “Can California Really Go 100 Percent Renewable Energy?”