The levelized cost of energy generated by large scale solar plants is around $0.068/kWh, compared to $0.378 ten years ago and the price fell 13.1% between 2018 and last year alone, according to figures released by the International Renewable Energy Agency.
Solar plants are now expected to last 32.5 years and have operational costs of $17 per kW/year, as shown by a Berkeley Lab survey of industry participants.
Covid-19 crisis has provided system operators with insights on keeping the grid stable with high levels of renewable penetration. Post Covid-19, this may be the new norm, Gautam Adani said in a LinkedIn post recently.
Australia’s latest greenhouse gas figures released on Friday show national emissions fell slightly last year. This was by no means an economy-wide effort – solar and wind energy did most of the heavy lifting.
The coal era is officially over in the United States. Not since 1885, when coal replaced wood, have renewables taken the lead.
The Chinese-Canadian solar manufacturer reported a 41% year-over-year increase in total module shipments to 2.2 GW in the first quarter. Revenue grew by 70% to $826 million, while net profit improved significantly from $17.2 million to $110.6 million.
According to a new report from the International Energy Agency (IEA), health risks from lead in crystalline silicon PV panels are one order of magnitude — or about one-tenth — below the risk levels set by the U.S. Environmental Protection Agency.
Work on the long-awaited 280-megawatt Cultana Solar Farm in South Australia could begin as early as July.
The controversial Snowy 2.0 project has mounted a major hurdle after the New South Wales government this week announced approval for its main works.
According to a new report by Bloomberg New Energy Finance, 58% of global passenger vehicle sales in 2040 will come from electric vehicles, yet they will make up less than 33% of all cars on the road.
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