June 18 Energy News

June 18, 2017

Opinion:

¶ “Solar power gaining ground” • Solar power, once so costly it made economic sense only in spaceships, is becoming cheap enough that it will push coal and even natural-gas plants out of business faster than previously forecast. The scenario suggests green energy is taking root more quickly than most experts anticipate. [GoErie.com]

Solar array (Thinkstock image)

¶ “Record levels of green energy in UK create strange new world for generators” • On one Friday in May, solar power briefly eclipsed the UK’s eight nuclear power stations. The grid recently went without coal for an entire day for the first time, and the dirty fuel is now regularly absent from power supply for hours at a time. [The Guardian]

World:

¶ Worldwide, $10.2 trillion will be invested in power generation from 2017 to 2040, with renewable power sources such as wind and solar getting almost three quarters of that, the report by Bloomberg New Energy Finance said. But $5.3 trillion more in renewable power would be needed to keep global temperatures from rising more than 2° C. [Climate Central]

Power station in Wollongong, south of Sydney
(Credit: Reuters | Daniel Munoz | File Photo)

¶ The IPCC, an international body for assessing the science related to climate change, mapping climate change, and evaluating the climate plans of members of the Paris climate agreement, faces a financial deficit, following the recent decision to withdraw the US from the Paris Agreement. Other countries are stepping up with support. [Royal News]

¶ The Chinese market had more than 40,000 new EVs on the streets last month, a 49% increase in sales over the same month last year, with the EV market share now at 1.4%, close to last year’s record (1.45%). Expect improvement as the year goes on and sales expand, with the Chinese EV market potentially surpassing 2% market share. [CleanTechnica]

BAIC EC180 electric car

¶ A delegation of seven German companies operating in the renewables sector has signed a memorandum of understanding with the North Khorasan Electricity Distribution Company to develop solar farms in that northeastern province of Iran. The German investors will tap into the region’s massive potential for renewable power. [Financial Tribune]

¶ About 477 MW of wind capacity has been added to the national grid in the Pakistani province of Sindh during current financial year. The total capacity of the wind power projects now stands at 785 MW, and this will be increased to 1085 MW during next financial year. Special attention is also being given to solar power in the province. [The Nation]

Wind power in Sindh

¶ Vietnam has very favorable conditions to develop solar energy across the country, but it needs an economical, technically feasible net-metering scheme to promote solar PV rooftops, according to experts speaking at a workshop held in Hanoi to discuss the development of a net-metering policy for solar energy in the country. [VietNamNet Bridge]

US:

¶ Falling oil prices crushed corporate revenue streams in Houston last year, plunging sales in the region to even lower levels than in the Great Recession eight years ago. In 2016, revenue for Houston’s 100 biggest public companies dropped to $561.7 billion, down from the $976.7 billion they collected at the height of the oil boom in 2014. [Houston Chronicle]

Oil workers (Marie D De Jesus, Staff | © 2017 Houston Chronicle)

¶ Motivated partly by Trump’s decision to withdraw from the Paris agreement, supporters of a bill calling for Massachusetts to run on 100% renewable energy rallied on the State House Steps. The bill they support would call for renewable sources to supply all electricity in the state by 2035 and all other sectors by 2050. [Wicked Local Westwood]

¶ Nevada’s Governor Brian Sandoval vetoed two bills for solar power. One was Assembly Bill 206, which would have set a goal for clean energy to 40% by 2030. The other was Senate Bill 392, which would have allowed neighborhoods to work together to establish shared community solar systems people without access to clean solar energy. [News3LV]

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