June 13 Energy News

June 13, 2016

Opinion:

¶ “The World Nears Peak Fossil Fuels for Electricity” • The way we get electricity is about to change dramatically, as the era of ever-expanding demand for fossil fuels comes to an end, in less than a decade. That’s according to a new forecast by Bloomberg New Energy Finance. [Bloomberg] (More articles about this below.)

Bloomberg New Energy Finance image

World:

¶ The French Ecology Minister announced the 33 winners at a 52-MW solar power plus storage tender for France’s overseas departments and territories. The projects will have a feed-in tariff of €204/MWh, which is competitive for islands not connected to the mainland grid. [SeeNews Renewables]

¶ Taiwan Power Co is planning to invest NT$400 billion ($12.37 billion) developing renewable energy over the next 15 years, spending more than 80% of that on wind power. Green energy is one of the five key industries in President Tsai Ing-wen’s economic policy. [Focus Taiwan News Channel]

Wind turbines in Penghu County. (CNA file photo)

Wind turbines in Penghu County. (CNA file photo)

¶ Victoria says it will “lead the nation” on climate change, with a goal to become net zero by 2050. It is good news for the built environment, and in accord with Paris climate goals. The move puts the state into direct competition with South Australia and the Australian Capital Territory. [eco-business.com]

¶ BluEarth Renewables Inc announced the official inauguration of its 29.2-MW Bull Creek wind park in Alberta. The facility consists of 17 General Electric wind turbines near Provost. They will be able to generate enough power annually for 10,000 average Alberta homes. [SeeNews Renewables]

The Bull Creek Wind Facility. Source: BluEarth Renewables Inc. License: All Rights Reserved

The Bull Creek Wind Facility. Source: BluEarth
Renewables Inc. License: All Rights Reserved

¶ Twelve months ago, Indonesia was the world’s biggest exporter of fossil fuels, but now, the rest of the world is moving away from the products. The country is reacting to the drop in coal exports by ramping up local production, putting health, environment and economy in danger. [Southeast Asia Globe]

¶ Bloomberg New Energy Finance says low prices for coal and gas are likely to persist, but will fail to prevent a fundamental transformation of the world electricity system towards renewable sources such as wind and solar, and towards balancing options such as batteries. [Offshore Wind Journal]

BNEF’s latest NEO suggests that investment in renewables is going to grow rapidly and their cost will fall steeply

BNEF’s latest NEO suggests that investment in renewables
is going to grow rapidly and their cost will fall steeply

¶ Norway’s oil and energy ministry gave permission for Oslo-based Fred.Olsen Renewables to build a 135-MW onshore wind power plant. The newly approved plant in Norway’s southeastern region of Rogaland would be able to produce 400 GWh per year, enough to supply 20,000 homes. [Reuters Africa]

¶ The way we get electricity is about to change dramatically, as the era of ever-expanding demand for fossil fuels comes to an end—in less than a decade. That’s according to a new forecast by Bloomberg New Energy Finance, which plots out global power markets for the next 25 years. [Livemint]

Wind and solar will be the cheapest forms of producing electricity in most of the world by the 2030s. Photo: Bloomberg

Wind and solar will be the cheapest forms of producing
electricity in most of the world by the 2030s. Photo: Bloomberg

¶ A dress rehearsal is under way to install a huge “hat” over a crippled nuclear reactor building at Fukushima Daiichi. The dome-shaped cover is meant to stop the spread of radioactive material and protect equipment necessary to retrieve 566 bundles of fuel rods from a spent fuel pool. [Asahi Shimbun]

US:

¶ While state officials are struggling to define New Hampshire’s energy future through a variety of legislative and regulatory proceedings, cities and towns in the state are not standing by waiting for the next signal from Concord. Many of them are moving forward aggressively, on their own. [The Union Leader]

Dan Reed of Siemens installs a LED street light on Carroll Street in Manchester last year. (Union Leader File)

Dan Reed of Siemens installs a LED street light on Carroll
Street in Manchester last year. (Union Leader File)

¶ Renewables will overtake natural gas as the dominant source of electricity generation in the US in 2031, even without subsidies, as wind and solar costs plunge, a Bloomberg New Energy Finance analysis showed. This shift will be driven by $745 billion in investments through 2040. [Bloomberg]

¶ WPPI Energy, based in Sun Prairie, Wisconsin, has issued a request for proposals for approximately 100 MW of generating capacity from wind, or an equivalent amount of energy from other renewable resources. WPPI Energy is owned by 51 local not-for-profit electric utilities. [hngnews.com]

One Response to “June 13 Energy News”


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