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IRENA report finds renewable power costs at parity or below fossil fuels in many parts of world

January 17, 2015

The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA).

The report, “Renewable Power Generation Costs in 2014”, concludes that biomass, hydropower, geothermal and onshore wind are all competitive with or cheaper than coal, oil and gas-fired power stations, even without financial support and despite falling oil prices. Solar photovoltaic (PV) is leading the cost decline, with solar PV module costs falling 75% since the end of 2009 and the cost of electricity from utility-scale solar PV falling 50% since 2010.

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California approves another $18M for clean energy projects; $12M for alternative vehicles

January 15, 2015

The California Energy Commission approved nearly $18 million to fund projects that will help the state meet its climate and energy goals. Twelve million dollars will go toward three alternative fuel projects, $4 million will help fund two geothermal projects and $3.5 million will help fund local energy efficiency projects.

The three alternative fuels projects will receive funding through the Alternative and Renewable Fuel and Vehicle Technology Program (ARFVTP), which supports technologies that reduce greenhouse gas emissions and dependence on petroleum-based fuels. Recipients include:

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