Tag Archive for: solarandwind

Solar and wind installations in the US could account for between 40% and 62% of total electricity generation by 2030.

IRA will see solar and wind account for over 60% of US generation by 2030

Solar and wind installations in the US could account for between 40% and 62% of total electricity generation by 2030, according to a report from the National Renewable Energy Laboratory (NREL).

The forecast growth is due to the stimulating effects of the ‘game-changing’ Inflation Reduction Act (IRA), which came into force last summer and introduced US$369 billion in incentives and tax credits for renewable energy investment, and the Bipartisan Infrastructure Law (BIL) which focuses on jobs and infrastructure investment.

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Source: PV Tech

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The EU has saved €12 billion in gas costs thanks to the accelerated solar and wind growth since Russia’s invasion of Ukraine in 2022.

Solar and wind save €12 billion gas costs in EU since start of Russo-Ukrainian War

The EU has saved €12 billion in gas costs thanks to the accelerated solar and wind growth since Russia’s invasion of Ukraine in 2022, according to an analysis from climate and energy think tank Ember.

Solar and wind have accounted for 23% of total EU generation since the war began. This figure overtook the share of gas power (19%) for the first time. Ember said the record solar and wind generation helped the EU “weather challenging conditions” in the power section.

Growing capacity and favourable weather conditions contributed to the surge in solar and wind adoption. Their combined generation was 546TWh, an increase of 50TWh or 10% compared to the same period in 2021-22. This amount reduced the gas required for electricity generation by 90TWh and avoided gas costs of €12 billion.

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Source: PV Tech

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Replacing coal power plants across the United States with renewable energy projects would reduce carbon emissions and require less water.

Replacing US coal plants with solar and wind is cheaper than running them

Replacing coal power plants across the United States with renewable energy projects would reduce carbon emissions and require less water.

Add to the list: It would also save money.

Nearly all existing US coal plants require more cash to operate than the cost of replacing them with new wind or solar projects, according to a report published Monday by San Francisco-based climate think tank Energy Innovation.

The finding is in line with past research by BloombergNEF that determined building new solar and wind farms is cheaper than operating existing coal or gas power plants in much of the world.

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Source: BNN Bloomberg

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Wind and solar produced more than a fifth of the EU’s electricity last year, for the first time delivering more power than natural gas.

European solar and wind surpass gas power for the first time

Wind turbines and solar panels produced more than a fifth of the EU’s electricity last year, for the first time delivering more power than natural gas, a new report shows.

The analysis, from independent energy think tank Ember, indicates that wind and solar produced 22% of the EU’s electricity over the year, while gas generated 20%. The report further shows that the rise in renewable electricity generation helped to avoid €10 billion ($10.89 billion) in gas costs.

The use of coal, the most carbon-intense fossil fuel, rose by 1.5% over the year to generate 16% of European electricity—but this rise was short-lived, with thermal coal generation dropping markedly in the latter part of the year.

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Source: Forbes

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