Featured image: Stock Globally, we estimate that some of the cheapest PV projects financed in the last six months will be able to achieve an LCOE of $23-29 per megawatt-hour, assuming competitive returns to their equity investors. Those projects can be found in Australia, China, Chile, and the U.A.E., where they will challenge the existing fleet of fossil fuel power plants.  LCOE measures the all-in expense of producing one MWh of electricity from a new project, taking into account costs of development, construction and equipment, financing, feedstock, operation and maintenance. Solar PV and onshore wind are now the cheapest sources of new-build generation for at least two-thirds of the global population, according to latest analysis by research company Bloomberg New Energy Finance (BNEF). Brandily added: “On current trends, the LCOE of best-in-class solar and wind projects will be pushing below 20 dollars per megawatt-hour this side of 2030. A decade ago, solar generation costs were well above $300, while onshore wind power hovered above $100 per megawatt-hour. Today the best solar projects in Chile, the Middle-East and China, or wind projects in Brazil, the U.S. and India, can achieve less than $30 per megawatt-hour. And there are plenty of innovations in the pipeline that will drive down costs further.” The data used for the latest report come from actual deals over recent months, and therefore do not reflect what may happen to the LCOEs of different generation technologies as a result of the economic shock created by the coronavirus pandemic. BNEF said in a statement that onshore wind has seen its most significant drop in cost since 2015. This is mainly due to a scale-up in turbine size, now averaging 4.1 megawatts, and priced at about $0.7 million per megawatt for recently financed projects. In Brazil for instance, where wind resources are ample, the economic crisis of 2016 onwards saw the cost of capital for wind projects increase by up to 13%. BNEF’s analysis suggests that lending rates more recently have fallen back to levels seen before that crisis. This means that best-in-class onshore wind projects can achieve an LCOE of $24 per megawatt-hour, the lowest globally. Meanwhile, top projects in the U.S., India and Spain follow at $26, $29 and $29 per megawatt-hour respectively, excluding subsidies such as tax-credits. Globally, BNEF estimates that the average onshore wind farm has doubled its capacity from 32 megawatts in 2016 to about 73 megawatts today. Solar farms are a third more powerful today, at 27 megawatts on average, compared to 2016. China is home to the cheapest storage levelized costs globally, at $115 per megawatt-hour. This competitive advantage hinges mainly on the proximity of developers to the equipment supply chain and the more widespread use of cheaper LFP (lithium iron phosphate) chemistries. In comparison, the levelized cost of open-cycle gas turbines per megawatt-hour sits today between $99 in the U.S. and $235 in Japan, with China at $145.  For fixed-axis utility-scale PV systems. The latest analysis by research company BloombergNEF (BNEF) shows that the global benchmark levelized cost of electricity, or LCOE, for onshore wind and utility-scale PV, has fallen 9% and 4% since the second half of 2019 – to $44 and $50/MWh, respectively. Meanwhile, the benchmark LCOE for battery storage has tumbled to $150/MWh, about half of what it was two years ago. Sign up for the ESI Africa newsletter Battery storage is another example of how scale can unlock cost reductions. Today, BNEF estimates that the average capacity of storage projects sits at about 30 megawatt-hours, a fourfold rise compared to just seven megawatt-hours per project four years ago. Since 2018, increasing project sizes combined with a rapidly expanding manufacturing base and more energy dense chemistries, have halved the LCOE of energy storage. BNEF’s global LCOE benchmark sits now at $150/MWh for battery storage systems with a four-hour duration. Seb Henbest, chief economist at BNEF, said: “The coronavirus will have a range of impacts on the relative cost of fossil and renewable electricity. One important question is what happens to the costs of finance over the short and medium term. Another concerns commodity prices – coal and gas prices have weakened on world markets. If sustained, this could help shield fossil fuel generation for a while from the cost onslaught from renewables.” AFD and Eskom commit to a competitive electricity sector Read more on:Battery storageCoalGasWind Solar Low carbon, solar future could increase jobs in the future – SAPVIA Those two-thirds live in locations that comprise 71% of gross domestic product and 85% of energy generation. Battery storage is now the cheapest new-build technology for peaking purposes (up to two-hours of discharge duration) in gas-importing regions, like Europe, China or Japan. Finance and Policy TAGSBattery storageBloomberg New Energy FinanceCoal powerGas-to-powersolar powerwind energy Previous articleTotal wins a tender for ground-mounted solar projects in FranceNext articleCall for renewable solutions to be part of COVID-19 recovery plans Ashley TheronAshley Theron-Ord is based in Cape Town, South Africa at Clarion Events-Africa. She is the Senior Content Producer across media brands including ESI Africa, Smart Energy International, Power Engineering International and Mining Review Africa. Tifenn Brandily, lead author of the report at BNEF, commented: “There have been dramatic improvements in the cost-competitiveness of solar and wind. Part of it is due to photovoltaic and wind technology getting better at extracting renewable resources. But our analysis also suggests that since 2016, auctions are forcing developers to realize cost savings by scaling up project size and portfolios. Larger scale enables them to slash balance-of-plant, operations and maintenance expenses – and have a stronger negotiating position when ordering equipment.” RELATED ARTICLESMORE FROM AUTHOR BNEF’s LCOE analysis is based on information on real projects starting construction, and proprietary pricing information from suppliers. Its database covers nearly 7,000 projects across 25 technologies (including the various types of coal, gas and nuclear generation as well as renewables), situated in 47 countries around the world. Generation In China, the largest PV market, our solar benchmark is at $38/MWh, down 9% from the second half of 2019, following a rapid uptake in better performing monocrystalline modules. New-build solar in the country is now almost on par with the running cost of coal-fired power plants, at an average of $35/MWh. This is significant as China advances on its deregulation agenda, opening up competition in the power sector. BRICS UNDP China, CCIEE launch report to facilitate low-carbon development
As part of an effort to stem the rapid proliferation of amphetamine-type drugs, she will call for a rapid information system to alert authorities to new concoctions which escape national laws.Gradin argues that the wide range of chemical ingredients which form the basis of these drugs, and the equally wide range of finished products, makes them extremely difficult to control“To put it bluntly, you hardly have time to legislate against one chemical drug before a new version with a slightly changed content appears on the market,” she warns.According to the European Monitoring Centre on Drugs in Lisbon, up to 10% of 18- to 20-year-olds in some EU countries have tried amphetamines, ecstasy or LSD-type drugs, with vast numbers of youths taking them for the occasional ‘big night out’. These drugs tend to be associated withhigh-energy middle-class lifestyles, attracting a different kind of clientele to the traditionalheroin user, and Gradin feels they are particularly dangerous. “They are clean, look nice and have pretty designs,” she says.The ecstasy-linked deaths of teenagers such as Leah Betts in the UK have highlighted public sensitivities to the potential dangers of chemical drugs.But the resultant moral backlash – often confused – as yet appears to have had littleeffect on users, according to drugs experts.As well as the rapid information system, Gradin will recommend the creation of an EU-level committee “capable of evaluating the alarm reports and quickly sending the result on to the Council [of Ministers]”.She hopes that this might lead to “generic definitions of various families of drugs” within member states, so that any slight change in chemical content would not allow manufacturers to escape the law.The Commissioner says there should alsobe greater cooperation between police and the pharmaceutical industry, and closer east-west ties. Chemical drug manufacture is fast becoming a boom industry in central and eastern Europe, providing work for highly skilled and otherwise unemployed engineers. Polish police are closing down two factories a month, according to Gradin, and similar problems are found in the Baltic states.But despite their commitment to fighting these drugs, national governments may well view the Commission’s proposals with suspicion. Under the Maastricht Treaty, the latter has no right of initiative in police or judicial cooperation and some believe that Gradin’s proposals may fall into that category.On the other hand, growing acceptance among members states of the need for international cooperation – demonstrated at the informal meeting of justice and home affairs ministers in Noordwijk earlier this month – might soften their stance.“We will have to wait and see what form her demands take,” said one diplomat.
Related This year’s Triathlon of Bardolino, which in 2016 will welcome 2,000 triathletes thanks to the interesting addition of a second floor in the transition area, is seeing increasing numbers of registered athletes.Taking place on Saturday 18 June 2016 in Bardolino, Lake Garda, Italy, the 33rd International Triathlon Città di Bardolino will start at 12:30 CET at Lido Cornicello and will finish at the adjacent park in Villa Carrara.Registrations for the event this June are already up 40% on 2015. To celebrate an expected bumper year for the event, and to encourage further registrations, the organizing team, directed by Dante Armanini, has extended the deadline for early bird registration. Athletes can now continue to enter the event for the reduced price of €70 Euros up until 23:59 CET on Sunday 10 April.The competition is organised by the A.S.D. G.S. Bardolino sport team with the support of event patron Dante Armanini and with the technical collaboration of Bardolino sport clubs and neighbouring municipalities, under the auspices of the Italian Triathlon Federation. The event will be held over the Olympic distance, with a 1.5K swim, 40K bike and 10K run. Athletes will be divided into start waves depending on their Italian national ranking score.One figure that has surprised, and encouraged the event organizers, is that currently, among registered athletes at the 2016 Bardolino Triathlon, 50% have not competed in the event previously.Also seen as valuable to the success of this year’s event is the contribution of the various partners of the Bardolino International Triathlon. Sponsors and event partners include: Lamberti, Enervit, Purple Oil, Canyon, Zerowind, Europlan, Top Training, Parc Hotels Italy, Zuegg and Avis.www.triathlonbardolino.it
Ipsen: “The Caribou Hills Cabin Hoppers rescued two Soldotna men. Troopers were actually contacted by family members. These two men were cold and one of the snow machines was stuck in deep snow overnight. The Caribou Hills Cabin Hoppers were deployed and they found the pair and got them out.” Paulk’s son Jake and brother Robby also went in to assist in getting the pair out. The two riders were identified as 66-year-old Daniel Paulk and 31-year-old Chancellor Lau, both of Soldotna. FacebookTwitterEmailPrintFriendly分享Yesterday morning volunteers from the Caribou Hill Cabin Hoppers rescued two snowmachiners who were stranded near Ninilchik. Beth Ipsen with the Alaska State Troopers says officers were notified of the incident just after 11:30am.
LAFOLLETTE, TN (WLAF) – Wednesday morning at La Follette Middle School began on an unnerving note. At 8:53 am this morning, LMS Principal Sandi Wilson contacted the school’s SRO (School Resource Officer) about a threat of an impending shooting at the school according to a report from the Campbell County Sheriff’s Office.The Campbell County Central Office Staff was notified of the incident prompting an investigation. Investigators with the CCSO and CC School System Administrators made quick work of the case.The investigation quickly revealed the threat to not be credible. As a result, three juveniles are facing charges of Filing a False Report/Bomb threat. (WLAF NEWS PUBLISHED – 12/04/2019-2PM)Share this:FacebookTwitter