Renewable source of energy can provide more power in much less cost than new coal-powered power plants in India, and it costs more to run 62 per cent of the country’s coal capacity than to build new renewable power generation facilities, according to a new study. The study titled ‘Navigating the economic and financial risks […]
Research, Reports & Ratings
Flexibility Solutions for High Renewable Energy Systems
Flexibility Solutions for High-Renewable Energy Systems, a new pair of reports published today by BloombergNEF in partnership with Statkraft and Eaton, explores the possibilities for solving the power system flexibility challenge in the U.K. and Germany. The studies analyse the potential contributions of energy storage, demand response, flexible electric vehicle charging and interconnections to Nordic […]
Navigant Research Report Shows US Wind Turbine Manufacturers Are Accelerating Optimization Efforts
Turbine OEMs should also offer optimization services if they do not already to open the door for more lucrative full-service operations and maintenance BOULDER, Colo.: A new report from Navigant Research examines the range of wind turbine optimization services offered by the top US wind turbine OEMs, providing recommendations for wind plant owners and wind […]
Is the Solar Industry Secure Enough for Smarter Technology?
As smart inverter requirements proliferate, cybersecurity needs to keep pace. The solar industry’s relentless focus on cost has been very effective. Most major global utility solar PV markets now have prices below $1 per watt, according to Wood Mackenzie Power & Renewables. This is down from more than $1.50 per watt in 2015, thanks in […]
U.K. Can Shut Most Gas Plants and Keep Lights On, Study Shows
Power plant developers in Britain are overestimating the need for natural gas-fired generation to back up intermittent renewable energy. The nation needs only 38 percent of the gas capacity it has now to keep the power on, according to a report by New Resource Partners, a consultancy that advises governments and investors on renewables. “Our […]
The hidden costs of green energy
The euphoria over solar power needs to be tempered. Dependence on coal-based power is here to stay for the next 2 decades The focus on green energy is extremely laudable and India is on its way to achieving its 100 GW of solar energy by 2022. Other developments in the recent past have also been […]
Wind power capacity addition to improve in near term: ICRA
New Delhi: Wind energy sector’s capacity addition will improve in near term, while the bid power tariffs in the recent wind power auctions inched upwards, an ICRA report said Wednesday. The wind energy sector has witnessed project awards of 10 GW between February 2017 and September 2018 by central nodal agencies like the Solar Energy […]
Have Solar, Wind and Storage Become the ‘Default Choice’?
With renewables now mainstream, Wood Mackenzie argues power markets must shift to greet the change. California has been a haven for solar developers for years. Beginning in 2006, the gigawatts’ worth of solar in its yearly queue of requests rivaled the state’s gas capacity. Wind hasn’t been far behind. And four years ago, energy storage […]
Electric surge to require flexible power systems: IEA
The IEA forecast that energy demand would be more than 25 percent greater by 2040, owing in large part to expanding activity in India Paris: Demand for electricity is set to explode in the next two decades, which could be good news for the environment but a challenge for governments and power companies, the IEA […]
World Energy Outlook 2018 examines future patterns of global energy system at a time of increasing uncertainties
Major transformations are underway for the global energy sector, from growing electrification to the expansion of renewables, upheavals in oil production and globalization of natural gas markets. Across all regions and fuels, policy choices made by governments will determine the shape of the energy system of the future. At a time when geopolitical factors are […]