[Due to the increasing size of the archives, each topic page now contains only the prior 365 days of content. Access to older stories is now solely through the Monthly Archive pages or the site search function.]
Toyota and public and private partners in Japan to trial renewable CO2-free hydrogen supply chain
September 08, 2015
Major corporate and public sector partners in Japan are launching an effort to test a full carbon-neutral hydrogen supply chain powered by renewable wind energy. The trials are planned to take place near the cities of Yokohama and Kawasaki in the Keihin coastal region.
On the public sector side, the project is being implemented by the Kanagawa Prefectural Government, Yokohama City, and Kawasaki City. The four private sector participants are Iwatani Corporation, Toshiba Corporation, Toyota Motor Corporation, and Toyota Turbine and Systems Inc. In addition, the project will be supported by Japan’s Ministry of the Environment.
Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources
August 31, 2015
|2010 and 2015 LCOE ranges for solar and wind technologies. Source: IEA/NEA. Click to enlarge.|
The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. A new report, a joint project by the International Energy Agency and the Nuclear Energy Agency, provides in detail the contrasting costs for different power generation technologies around the world and shows that renewable sources can produce electricity at close to or even below the cost of new fossil fuel-based power stations, depending upon conditions such as resources and appropriate market and regulatory frameworks.
The report, Projected Costs of Generating Electricity: 2015 Edition, also shows that new nuclear power plants generate electricity more cheaply than other established “baseload” sources—mainly coal- and gas-fired power plants—over the full lifetime of facilities when financing costs are relatively low.
Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low
April 06, 2015
Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 billion in 2014, nearly 17% higher than the previous year, according to the latest edition of an annual report commissioned by the United Nations Environment Program’s (UNEP) Division of Technology, Industry and Economic (DTIE) in cooperation with Frankfurt School-UNEP Collaborating Centre for Climate & Sustainable Energy Finance and produced in collaboration with Bloomberg New Energy Finance.
This marked the first annual increase in dollar commitments to renewables—excluding large hydro—for three years, and brought the total up to just 3% below the all-time record of $278.8 billion set in 2011. The increase reflected several influences, according to the report, including a boom in solar installations in China and Japan—totalling $74.9 billion between those two countries—and a record $18.6 billion of final investment decisions on offshore wind projects in Europe.
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.