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BNEF - New Energy Outlook 2017

           

bnef.com

Focused on the electricity system, NEO combines the expertise of over 80 market and technology specialists in 12 countries to provide a unique view of how the market will evolve . . . 

 . . . “Renewable energy sources are set to represent almost three quarters of the $10.2 trillion the world will invest in new power generating technology until 2040, thanks to rapidly falling costs for solar and wind power, and a growing role for batteries, including electric vehicle batteries, in balancing supply and demand.”

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'Spectacular' Drop in Renewable Energy Costs Leads to Record Global Boost

Falling solar and wind prices have led to new power deals across the world despite investment in renewables falling

           

Solar panels on sale at the Naran Tuul market in Ulaanbaatar, Mongolia. Photograph: Seong Joon Cho/Getty Images

CLICK HERE - Global Status Report - REN21 - Renewable Energy Policy Network for the 21st Century

theguardian.com - by Damian Carrington - June 6, 2017

Renewable energy capacity around the world was boosted by a record amount in 2016 and delivered at a markedly lower cost, according to new global data – although the total financial investment in renewables actually fell.

The greater “bang-for-buck” resulted from plummeting prices for solar and wind power and led to new power deals in countries including Denmark, Egypt, India, Mexico and the United Arab Emirates all being priced well below fossil fuel or nuclear options . . .

 . . . The new renewable energy capacity installed worldwide in 2016 was 161GW, a 10% rise on 2015 and a new record, according to REN21, a network of public and private sector groups covering 155 nations and 96% of the world’s population.

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More Than 30 States Embrace Grid Modernization, New Policy Tracker Finds

           

CLICK HERE - 50 States of Grid Modernization (60 page .PDF report)

CLICK HERE - 50 States of Solar (11 page .PDF report)

A new quarterly report from the folks who brought you '50 States of Solar' aims to chronicle grid modernization initiatives across the US

utilitydive.com - by Herman K. Trabish - May 31, 2017

Grid modernization is a hot topic in the power sector as utilities across the country replace aging infrastructure and upgrade their systems for new energy technologies.

But until now, there was no easily-accessible tool to track the myriad regulatory actions on advanced metering, non-wire alternatives, ratemaking reform and the like.

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Are Solar and Wind Really Killing Coal, Nuclear and Grid Reliability?

           

Lessons from the Lone Star State: A surge in wind power on the Texas grid didn’t cause reliability problems (and brought down electricity prices) because regulators improved the efficiency of wholesale electricity markets. Sarah Fields Photography/Shutterstock.com

theconversation.com - by Joshua D. Rhodes, Michael E. Webber, Thomas Deetjen and Todd Davidson - May 11, 2017

U.S. Secretary of Energy Rick Perry in April requested a study to assess the effect of renewable energy policies on nuclear and coal-fired power plants.

Some energy analysts responded with confusion, as the subject has been extensively studied by grid operators and the Department of Energy’s own national labs. Others were more critical, saying the intent of the review is to favor the use of nuclear and coal over renewable sources.

So, are wind and solar killing coal and nuclear? Yes, but not by themselves and not for the reasons most people think. Are wind and solar killing grid reliability? No, not where the grid’s technology and regulations have been modernized. In those places, overall grid operation has improved, not worsened.

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Stunning Drops in Solar and Wind Costs Turn Global Power Market Upside Down

           

CREDIT: U.N. and BNEF

CLICK HERE - REPORT - United Nations and Bloomberg New Energy Finance (BNEF) - GLOBAL TRENDS IN RENEWABLE ENERGY INVESTMENT 2017 (90 page .PDF report)

The world built more renewables for far less money last year, report UN and Bloomberg New Energy Finance.

thinkprogress.org - by Joe Romm - April 6, 2017

Stunning drops in the cost of wind and solar energy have turned the global power market upside down . . .

 . . . Unsubsidized renewables have become the cheapest source of new power — by far — in more and more countries, according to a new report from the United Nations and Bloomberg New Energy Finance (BNEF).

In just one year, the cost of solar generation worldwide dropped on average 17 percent, the report found. The average costs for onshore wind dropped 18 percent last year, while those for offshore wind fell a whopping 28 percent.

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Solar Experiment Lets Neighbors Trade Energy Among Themselves

           

Patrick Schnell, a participant in the Brooklyn Microgrid, with solar panels on his roof in Gowanus.
Credit Kevin Hagen for The New York Times

nytimes.com - by Diane Cardwell - March 13, 2017

 . . . In a promising experiment in an affluent swath of the borough, dozens of solar-panel arrays spread across rowhouse rooftops are wired into a growing network. Called the Brooklyn Microgrid, the project is signing up residents and businesses to a virtual trading platform that will allow solar-energy producers to sell excess-electricity credits from their systems to buyers in the group, who may live as close as next door.

The project is still in its early stages — it has just 50 participants thus far — but its implications could be far reaching.

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As Solar Booms, Utilities Look to Build New Business Models With Strategic Investments

           

Image credit: Flickr user 10 10

utilitydive.com - by Herman K. Trabish - March 14, 2017

Beyond simply contracting for solar, utilities are increasingly investing in the sector to ‘position themselves to be the utility of the future'

Solar energy is becoming a generation resource so ubiquitous that utilities are looking beyond simply contracting for new capacity and are increasingly moving into the sector themselves.

Solar added a record-breaking 14,762 MW of capacity in 2016, nearly doubling its 2015 growth. The resource added 39% of all new U.S. generation capacity in the year, making it the leader among all resources for the first time.

Growth was dominated by utility investment in 2016, a trend that’s expected to continue, according to a new report from the Solar Energy Industries Association and GTM Research.

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Shell Sells Oil Sands Assets as Boss Warns on Clean Energy Challenge

           

An excavator at the Athabasca project near Fort McMurray in Alberta. Shell has cut its interest in the project as part of a retreat from tar sands. Photograph: Mark Ralston/AFP/Getty Images

Carbon-heavy assets offloaded for $8.5bn as company ties 10% of directors’ bonuses to how well it manages emissions

theguardian.com - March 9, 2017

Royal Dutch Shell has agreed to sell most of its carbon-heavy Canadian oil sands assets for $8.5bn (£7bn) as the chief executive warned that the industry risked losing public support without progress towards cleaner energy.

The world’s second largest publicly-traded oil company plans to increase its investment in renewable energy to $1bn (£800m) a year by the end of the decade, Ben van Beurden said on Thursday, although it is still a small part of its total annual spending of $25bn (£20.5bn). 

Shell also said that 10% of directors’ bonuses would be tied to how well it manages greenhouse gas emissions in refining, chemical and upstream operations.

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Will a New Glass Battery Accelerate the End of Oil?

John Goodenough, coinventor of the lithium-ion battery, heads a team of researchers developing the technology that could one day supplant it.  Photo: Cockrell School of Engineering

spectrum.ieee.org - by Mark Anderson - March 3, 2017

Electric car purchases have been on the rise lately, posting an estimated 60 percent growth rate last year. They’re poised for rapid adoption by 2022, when EVs are projected to cost the same as internal combustion cars. However, these estimates all presume the incumbent lithium-ion battery remains the go-to EV power source. So, when researchers this week at the University of Texas at Austin unveiled a new, promising lithium- or sodium-glass battery technology, it threatened to accelerate even rosy projections for battery-powered cars.

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How California Utilities Are Managing Excess Solar Power

news.morningstar.com - by Cassandra Sweet - March 4, 2017

California utilities including PG&E Corp., Edison International and Sempra Energy are testing new ways to network solar panels, battery storage, two-way communication devices and software to create "virtual power plants" that manage green power and feed it into the power grid as needed.

The Golden State is ramping up renewable energy as it pledges to be a bulwark against the Trump administration's pro-fossil fuel policies. But first, it has to figure out what to do with all the excess power it generates when the sun is shining and the wind is blowing.

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