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Renewables Will Overtake Coal | Earth Wise

January 17, 2023 By EarthWise Leave a Comment

According to a recent report by the International Energy Agency, worldwide growth in renewable power capacity is set to double in the next five years. In fact, by 2027, the world will add as much renewable power as it did over the previous 20 years.

Of particular significance is that renewables are going to overtake coal as the largest source of electricity generation by early 2025.

The global energy crisis triggered by the war in Ukraine has had multiple effects on the evolution of the energy system. While the war has driven a resurgence in fossil fuel consumption in Europe in order to replace gas from Russia, that resurgence is expected to be short-lived. Instead, the current energy crisis may turn out to be an historic turning point toward a cleaner and more secure energy system.

Soaring fossil-fuel prices triggered by the war have caused many countries to respond by embracing wind turbines, solar panels, nuclear power plants, hydrogen fuels, electric vehicles, and electric heat pumps. In the US, Congress approved more than $370 billion in spending for clean energy technologies as part of the Inflation Reduction Act. China, India, South Korea, and Japan have all increased their national targets for renewable power. However, heating and cooling buildings with renewable power remains a sector needing larger improvement, according to the energy agency.

Overall, the expansion of renewable power over the next five years is now projected to happen much faster than what was projected just one year ago. The new IEA report revised last year’s forecast for renewables growth by 30% as a result of the introduction of new policies by many of the world’s largest greenhouse gas emitters.

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Renewables Will Overtake Coal by Early 2025, Energy Agency Says

Photo, posted March 8, 2021, courtesy of Stanze via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Low Fares Clean German Air | Earth Wise

September 29, 2022 By EarthWise Leave a Comment

Germany’s parliament set summer public transport fares at 9 euros a month as a way to slash pollution and reduce imports of Russian oil. The low price included all buses, trams, subways, and regional trains, effectively lowering prices by more than 90% in some cities. Berliners saved 98 euros on their monthly travel pass; commuters in Hamburg saved even more.

The program began June 1 and ended August 31. The bargain rates drove widespread use of public transport and discouraged the use of cars, which already was undesirable due to high gasoline prices. Over the three-month period, transit authorities sold over 50 million subsidized tickets. One out of five travelers were using public transport for the first time, according to surveys.

According to an estimate from the Association of German Transport Companies, the program helped to avoid 1.8 million tons of carbon dioxide emissions. This is roughly equivalent to taking 1.5 million cars off the road for the summer or planting 30 million trees.

The discount transit program had a clearly positive effect on the climate and, obviously, was a source of financial relief for German citizens. Last year, Germany was the largest buyer of Russian oil in Europe and it wanted to make drastic reductions in its purchases. The success of the program prompted many to ask for it to be continued. However, the program cost the government about 2.5 billion euros in reimbursements to transit companies. The German government has said it would not be extended.

Nonetheless, German policymakers are weighing other proposals for low-cost public transit. Clearly encouraging people to use public transit pays dividends.

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Germany’s Cheap Summer Train Fares Prevented 1.8 Million Tons of Carbon Pollution

Photo, posted June 6, 2022, courtesy of 7C0 via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio

Assessing Human-Caused Wildlife Mortality | Earth Wise

May 31, 2022 By EarthWise Leave a Comment

Bycatch is the fishing industry term used to describe the deaths of non-target fish and ocean wildlife during the fishing process. Some bycatch species are thrown away because regulations prohibit them from being kept. Others are thrown out because they won’t fetch high enough prices. According to some estimates, global bycatch amounts to about 10% of the world’s total catch.

Approximately half of global bycatch is a result of trawling. Trawling is a method of commercial fishing that involves pulling or dragging a fishing net – called a trawl – through the water or across the seabed in hopes of catching fish. Commercial fishing companies favor towing trawl nets because large quantities of fish can be caught. But the method is destructive to the seafloor and leads to the indiscriminate catch of all sorts of species, including whales, dolphins, porpoises, sharks, seals, rays, turtles, and seabirds.

Researchers have developed a new method to assess the sustainable levels of human-caused wildlife mortality. When this method is applied to a trawl fishery in Australia, it shows that the dolphin capture is not sustainable. The study, led by scientists at the University of Bristol in the U.K. and United Arab Emirates University, modeled different levels of dolphin capture, including those reported in logbooks and those reported by independent observers. According to the findings, which were recently published in the journal Conservation Biology, even the lowest recorded dolphin capture rates are not sustainable.

The new approach is extremely adept at assessing human-caused mortality to wildlife, and can be applied to fisheries bycatch, hunting, lethal control measures, or even wind turbine collisions.

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Wasted Catch

Dolphin bycatch from fishing practices unsustainable, study finds

Photo, posted May 18, 2011, courtesy of Pete Markham via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Peak Natural Gas Generation | Earth Wise

May 17, 2022 By EarthWise Leave a Comment

According to a new report from the Institute for Energy Economics and Finance (the IEEFA), the U.S. most likely hit its peak usage of natural gas to generate electricity in 2020. Growth in wind and solar power are beginning to erode the use of natural gas.

At the moment, natural gas prices are unusually high as a result of supply chain issues and the war in Ukraine. The U.S. is shipping record amounts of gas to Europe in order to help allies to wean off of Russian gas imports. As a result, U.S. natural gas prices are at their highest level in more than 13 years. Heating bills in the Northeast have been exceptionally high this past winter.

These high gas prices have also thrown a temporary lifeline to coal, which has seen a recent surge. Despite this, coal in the U.S. is continuing its long-term decline. Several of the largest power companies – including the Tennessee Valley Authority, Duke Energy, and Georgia Power – are planning to phase out coal entirely by 2035 and shift to renewable power.

The surging prices in fossil fuels – at the gas pump and in the home – along with multiple disruptions in energy security, are supercharging the already rapid pace of growth in solar, wind, and battery energy storage projects.

Wind, solar, and hydropower currently account for about 20% of U.S. power generation. According to the IEEFA, these renewable sources could provide more than a third of our power by 2027. Including both renewables and nuclear power plants, the U.S. could generate more than half of its electricity from carbon-free sources by that year, which represents a massive transition from just five years ago.

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U.S. May Have Hit Peak Natural Gas Power Generation, Report Says

Photo, posted July 11, 2017, courtesy of John Ciccarelli / BLM via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Iron Flow Batteries | Earth Wise

November 15, 2021 By EarthWise Leave a Comment

Lithium-ion batteries power computers, cell phones, and increasingly, automobiles. They started out being rather expensive but have become dramatically cheaper over the last decade, with prices dropping about 90%. Batteries are needed to store clean power from wind and solar generation and lithium-ion batteries are increasingly being used for that purpose as well.

Utility-scale energy storage requires substantial battery installations and battery cost is still very much an inhibiting factor in the widespread adoption of the technology. Lithium-ion battery costs continue to drop but because they require expensive materials like lithium and cobalt, there are limits to how low their prices are likely to get.

As a result, researchers have continued to seek ways to produce batteries made out of cheaper materials. Among the more promising technologies are flow batteries, which are rechargeable batteries in which electrolyte flows through electrochemical cells from tanks.

Flow batteries are much larger than lithium-ion batteries and include physical pumps to move electrolytes. They typically are sold inside shipping containers. Clearly, such batteries are not suitable for use in vehicles, much less in consumer electronics. Nevertheless, they represent a practical option for grid storage.

A company called ESS has developed an iron flow battery suitable for utility energy storage. Clean energy firm CSB Energy plans to install iron flow batteries at several solar projects across the U.S. that will store enough energy to provide power 50,000 homes for a day. According to ESS, the iron-based batteries should sell for about half the price of lithium-ion batteries by 2025 and be able to store energy for longer periods.

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New Iron-Based Batteries Offer an Alternative to Lithium

Photo, posted March 21, 2021, courtesy of Nenad Stojkovic via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Have We Reached Peak Internal Combustion Engine? | Earth Wise

August 3, 2021 By EarthWise 1 Comment

According to new analysis from Bloomberg New Energy Finance, global sales of gas-powered cars may well have peaked in 2017, representing a significant milestone in the transition to electric vehicles.

Demand for gas cars dropped in 2018 and 2019, and then plummeted in 2020 as a result of the coronavirus pandemic. While sales are surely picking up as the pandemic ebbs, the increasing demand (and supply as well) for plug-in vehicles is likely to put gas-powered cars in a state of permanent decline.

Global EV sales are projected to go from 3.1 million last year to 14 million in 2025. The growth is being driven by falling battery prices, government policies, and increasing choices of vehicles. Virtually all automobile manufacturers are introducing electric vehicles over the next couple of years and increasing numbers of them are planning a complete transition to EVs in the near future. Projections are that EVs will account for the majority of new car sales by 2035.

While all this progress is encouraging, there are still over a billion gas- and diesel-powered cars on the road and the fleet turns over slowly. The current average operating life of cars here in the US is 12 years.

To reach the net-zero carbon emission goals by 2050 as many governments have mandated, additional policies and regulations will be needed. For example, electric cars will need to account for essentially all new sales by 2035, not just the majority. Reaching net-zero by mid-century will require all hands on deck, including trucks and heavy commercial vehicles that have barely started to become electrified.

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New Analysis Suggests We Have Already Hit Peak Internal Combustion Engine

Photo, posted December 23, 2017, courtesy of Davide Gambino via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Ever Cheaper Solar Power | Earth Wise

May 14, 2021 By EarthWise Leave a Comment

The price of electricity from solar panels has been dropping dramatically over the last decade. The average cost of utility-scale solar power has gone down more than 80% since 1980, making it the least expensive power source in many places. The plunging price of solar power is one of the driving forces behind the transition to clean energy.

The 2020 average cost of solar power was 4.6 cents per kilowatt-hour. The Department of Energy has recently set a target of reducing the cost of solar power by more than half again by 2030, to an unsubsidized average of 2 cents per kilowatt-hour. The 2-cent goal is not just the ordinary cost of electricity; it is the levelized cost of energy which is based on a formula that includes the cost of construction and operation of a power plant.

If the least expensive power source becomes that much cheaper, it will really shake the foundation of many energy debates. One of these debates is how to meet the need for more interstate power lines to transport renewable energy from rural areas to population centers. If large amounts of additional renewable energy sources are added, policymakers will need to work harder to reform the regulatory system to make sure that new interstate power lines get built.

If the average cost of solar power reaches 2 cents a kilowatt-hour, the actual price will be lower in sunnier regions and higher in those that get less sun. However, the continuing decrease in solar electricity costs will actually have the greatest impact in the northern, less sunny regions, because solar power may not currently be the least expensive option there but it will become the cheapest alternative over time.

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Inside Clean Energy: What Happens When Solar Power Gets Much, Much Cheaper?

Photo, posted May 14, 2020, courtesy of Courtney Celley/USFWS via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Grid-Scale Battery Storage is on the Rise | Earth Wise

February 4, 2021 By EarthWise Leave a Comment

Driven by steeply falling prices and improving technology, grid-scale battery storage systems are seeing record growth in the U.S. and around the world. Battery storage is a way to overcome one of the biggest obstacles to renewable energy: the cycling between oversupply when the sun shines or the wind blows, and shortage when the sun sets or the wind drops. Storing excess energy in battery banks can smooth imbalances between supply and demand.

In California, a 300-megawatt lithium-ion battery plant is being readied for operation with another 100 megawatts to come online in 2021. The system will be able to power roughly 300,000 California homes for four-hour periods when energy demand outstrips supply. It will be the world’s largest battery system for a while until even larger systems in Florida and in Saudi Arabia come online.

Nationwide, a record 1.2 gigawatts of storage were installed last year and that number is projected to jump dramatically over the next five years to nearly 7.5 gigawatts in 2025.

The price tag for utility-scale battery storage in the U.S. has plummeted, dropping nearly 70% just between 2015 and 2018. Prices are expected to drop by a further 45% over the next decade. Battery performance has continued to improve dramatically with increased power capacity and the ability to store and discharge energy over ever-longer periods of time.

Favorable energy policies including renewable energy mandates coupled with continued price drops will drive the widespread expansion of battery energy storage.

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In Boost for Renewables, Grid-Scale Battery Storage Is on the Rise

Photo, posted November 17, 2016, courtesy of Steve Ryan via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Shifting Climate Attitudes – Even In Texas | Earth Wise

January 25, 2021 By EarthWise Leave a Comment

Any conversation about climate policy and energy in the United States has to take Texas into consideration. Texas leads the nation in energy production, providing more than one-fifth of U.S. domestically produced energy. Texas also uses more energy than any other state and accounts for almost one-seventh of total U.S. energy consumption. The state’s industrial sector, which includes petroleum refining and chemical manufacturing, accounts for almost half of Texas energy consumption.

As a result, longstanding skepticism among Texans toward the climate movement has represented a real impediment in developing and implementing effective climate policy in this country. But according to new research at the University of Houston, attitudes in Texas have changed and now mirror those in the rest of the United States.

About 80% of Americans believe that climate change is happening, and now about 81% of Texans hold the same view. Two out of three Americans are worried about climate change; more than 60% of Texans agree.

Nationwide, 55% agree that the oil and gas industries have deliberately misled people on climate change; 49% of Texans agree. 64% of Americans say hydraulic fracking has a negative effect on the environment and 61% of Texans agree. People everywhere are willing to pay more for carbon-neutral energy, and a higher premium for gasoline as well.

Mitigation strategies for climate change are not well understood. While 61% nationwide have heard of carbon taxes, less than half are familiar with carbon management, and only a third have heard of carbon pricing.

As the U.S. heads toward reengaging in efforts to address climate change, Texans appear to have caught up with the rest of the nation.

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Attitudes About Climate Change Are Shifting, Even in Texas

Photo, posted October 1, 2011, courtesy of Steve Rainwater via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Renewable Energy And The Post-COVID World | Earth Wise

June 2, 2020 By EarthWise Leave a Comment

As is the case for virtually all sectors of the global economy, the short-term prospects for wind and solar power look pretty grim. Lockdowns, social distancing requirements, and financial upheavals have put many new projects on ice and have halted production at factories making solar panels and wind turbines. Sales of home solar have struggled as people have put off spending during the economic slowdown.

Ironically, the shutdowns aimed at reducing the spread of the Coronavirus have led to renewable sources accounting for an increased share of power generation. Global energy demand has plummeted and, because of the low cost of solar and wind power, sources like coal and nuclear power have been curtailed in favor of the renewables. The dramatically reduced demand has pushed oil and gas prices to historic lows and has left fossil fuel companies struggling to find storage space for the glut of product.

When the world emerges from the pandemic, the question is whether renewable energy will end up on a faster track than before or will end up in a long-term slowdown. The answer will depend to large extent on the choices political leaders make.

Leaders will unquestionably be designing economic recovery packages. Such packages could accelerate the shift towards wind and solar power, or they could prop up the fossil fuel economy. Unfortunately, leaders are prone to be motivated by lobbyists more than by the greater needs of society. The global economic upheaval represents a real opportunity to change the pace of efforts to address climate change. Whether that change is a positive one or a negative one is just another looming question facing society when we emerge from the pandemic.

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How Renewable Energy Could Emerge on Top After the Pandemic

Photo, posted April 12, 2020, courtesy of Jeremy Segrott via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Coronavirus And European Energy | Earth Wise

April 23, 2020 By EarthWise Leave a Comment

As people all over the world shelter in place and much ordinary commerce and other activities have ground to a halt, there have been big changes in energy usage. With production halted, offices shut down, schools closed, and public transport operated on reduced timetables, the demand for energy has decreased dramatically.

In Europe, as a result of all this, during the first quarter of this year, renewables’ share of total energy production was greater than 60%. Wind farms provided more than 40% of the renewables’ share of total electricity generation. During February, Denmark, Germany and Ireland saw nearly 50% of their electricity demand met with wind power. Hydroelectric power was the second largest source of renewable energy during the first quarter, with Norway providing the largest share of this. In contrast, generation from nuclear plants was at its lowest first quarter figure for the past five years.

The large shift to renewable generation was in great part due to the overall reduction in demand. This impacts nuclear and fossil-fuel generation much more than renewables because those plants can be throttled back or shut down entirely so as not to needlessly consume costly fuels. Generation that runs on sunlight, wind, or flowing water does not require fuel expenses, so it makes sense to prefer them when demand is reduced.

The reduction in demand has in turn had a major effect on fuel costs as oil reached low prices that haven’t been seen in years.

The decline in demand and fuel prices and the enhanced role of renewables are expected to continue in the current quarter as the timetable for renewed economic activity remains unknown.

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Renewables achieve clean energy record as COVID-19 hits demand

Photo, posted June 25, 2010, courtesy of Martin Abegglen via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Stranded Coal Assets In Japan

November 25, 2019 By EarthWise Leave a Comment

Japan is facing a looming financial problem as a result of heavy investments in coal technology that may quickly become stranded assets as renewable energy sources become increasingly inexpensive.

Japan is gradually adding more ambitious policies with regard to climate change including goals to reduce emissions and to have renewables become the main source of power over the next three decades. But despite these policy efforts, Japan is still investing heavily in coal power. Japan currently has 21 new coal projects with over 11 GW of under-construction, permitted or pre-permitted coal capacity. But these tens of billions of dollars in assets would have to be closed prematurely in order to remain consistent with the goals of the Paris Climate Agreement.

According to a new report by the Carbon Tracker Initiative, a financial think tank, and the University of Tokyo, offshore wind power will be cheaper than coal in Japan by 2022, new solar cheaper by 2023, and onshore wind less expensive by 2025. The price of offshore wind is already comparable to existing coal power in Japan. Japan had a total of 55.5 GW of solar capacity last year and has the potential to reach 150 GW by 2030.

The report notes that 42% of the global coal fleet likely became unprofitable last year and this could rise to 72% by 2040. The authors contend that building coal power today equals high-cost power and financial liabilities tomorrow. The planned and operating coal capacity in Japan is partially protected by regulations that give coal generators an unfair advantage in the marketplace. Ultimately, the stranded coal assets are likely to be passed down to consumers through higher power prices.

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Land of the Rising Sun and Offshore Wind

Photo, posted April 25, 2019, courtesy of Jen via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Falling Bee Populations

September 9, 2019 By EarthWise Leave a Comment

For many years, scientists have been sounding the alarm on the global struggle of pollinators. A reported 40% of invertebrate pollinator species, including bees and butterflies, are facing extinction. And since as much as three-quarters of the world’s food crops depend on pollination, the decline of these pollinators poses a major threat to global food security.

Pollinators aid in the production of all sorts of crops, including coffee, cacao, cotton, apples, and almonds – to name a few. The global value of crops requiring pollination ranges from $235-$577 billion annually.

Honey bees are among the struggling pollinators. Over the past 15 years, bee colonies have been disappearing at an alarming rate in what is known as the “colony collapse disorder.” Some regions have seen losses of up to 90%.

In the United States, managed honey bee populations declined by nearly 40% over this past winter, the largest such winter decline since surveying began in 2006.

In recent months, mass honey bee declines have also been reported in Russia, according to the BBC. Russia, which produces a whopping 110,000 tons of honey annually, expects that figure to drop by as much as 20%. The widespread bee decline is likely to not only push up honey prices, but the prices of other popular foods as well. Many staple food crops in Russia, including sunflowers, buckwheat, and fruit trees, rely on bees for pollination.

Experts have blamed the bee decline crisis on a combination of factors, including pesticides (most notably neonicotinoids), varroa mites, and climate change.

Bees play a vital role in food production, and their continued decline will have devastating consequences.

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Russia alarmed by large fall in bee populations

Photo, posted July 28, 2019, courtesy of Ivan Radic via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

We’re Still Eating The Wrong Things

August 23, 2019 By EarthWise 1 Comment

A new study published in the Journal of the Academy of Nutrition and Dietetics has found that despite efforts to increase public awareness of health issues related to diet, the amount of processed meat consumed by Americans has remained unchanged in the past 18 years. Furthermore, our intake of fish and shellfish has not increased. One quarter of US adults are still eating more unprocessed read meat than the recommended level, and less than 15% meet the current guidelines for fish and shellfish consumption.

About the only positive note is that Americans are eating less beef and more chicken than they did 18 years ago and, in fact, for the first time, the consumption of poultry exceeds that of unprocessed red meat.

Accumulating evidence has linked excessive consumption of processed meat to increased risk of obesity, diabetes, cardiovascular diseases, and some cancers. The study’s authors speculate that public awareness of these linkages is not widespread enough to affect change and, in any case, factors other than health – social, cultural, and economic – have greater influence over Americans’ food choices. The top five consumed processed meats are luncheon meat, sausage, hot dogs, ham, and bacon.

The low consumption of fish and shellfish among U.S. adults could be due to high retail prices, lack of awareness of the health benefits, and concerns about mercury contamination in certain types of fish.

Future research is needed to identify barriers to reducing processed meat consumption and increased seafood consumption. Policies such as nutrition quality standards, excise taxes, health warning labels, and other interventions need to be explored.

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Americans still eat too much processed meat and too little fish

Photo, posted January 28, 2014, courtesy of Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Sunlight As A Cash Crop

July 10, 2019 By EarthWise Leave a Comment

It isn’t so easy to be a farmer these days. Farming has always involved long hours, hard work and the uncertainties of weather and yield. The 21st Century has added new and unique challenges such as increasingly unpredictable weather, insect infestation and disease, and low commodity prices. Add in sudden tariffs and farmers struggle even more to make ends meet. The default rate for farmers’ loans is the the highest in at least nine years.

One thing that remains reliable for farmers is the sun. It rises in the morning and goes down at night. The sun can be trusted, unlike politicians, rain, or commodity prices. These days, many farmers are taking advantage of the dependability of the sun to make money from a new cash crop: solar energy.

The trend is spreading. North Carolina has been a leading solar energy state for several years and a 2017 report found that solar energy generates 30% of the income of many farms. Typical annual rent payments for farmland by solar companies range from $500 to $1,400 per acre in North Carolina.

A growing list of states have clean energy mandates targeting 100% use of renewable energy. These mandates provide incentives for farmers that make installing solar a financially smart decision and falling prices for solar installations make it an even better deal.

Solar works well when co-located on a farm and can be built in ways that minimizes impact. It is quiet, uses almost no water, doesn’t pollute, and if it is decommissioned, the land can go back to its previous use. If the solar facilities are raised up, the same land can be used to graze livestock or grow shade-tolerant crops.

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Harvesting the sun is the new cash crop

Photo, posted December 25, 2017, courtesy of Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

The World’s Largest Storage Battery

May 24, 2019 By EarthWise Leave a Comment

Many homeowners are installing solar energy systems with battery backup. Energy stored in the battery can be used when the sun isn’t shining. As battery prices come down, utility-scale solar installations are also turning to battery-based energy storage.

Florida Power & Light has announced plans to build the world’s largest solar-storage combination facility in Manatee County. The 409-MW Manatee Energy Storage Center will be the largest solar-battery system by a factor of four. The specifics of the technology and source of the battery system components have yet to be announced.

The system, which is scheduled to be completed in late 2021, will be charged by a nearby FPL solar power plant. The plan is to discharge batteries during times of higher demand, thereby offsetting the need to run other power plants. As a result, there will be reduced emissions and customers will save as much as $100 million through avoided fuel costs.

Installing the mega-sized battery system will accelerate the retirements of two nearby 1970’s-era gas-fired generation units. At peak efficiency, the Manatee energy storage system will be able to power 390,000 homes for up to two hours.

FPL has already been pursuing the use of battery storage technology. Last year, they added a 10 MW battery storage system to its 74.5 MW Babcock Ranch Solar Energy Center in Charlotte County.

These large battery systems are increasingly practical because of dramatic reductions in lithium-ion battery costs. The levelized cost of electricity from lithium-ion batteries has declined a remarkable 38% just since the beginning of 2018. The economics of clean energy continue to get better and better.

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FP&L Plans World’s Largest Energy Storage Battery To Support Its Renewable Energy Goals

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Earth Wise is a production of WAMC Northeast Public Radio.

Utility-Scale Solar On The Rise

May 8, 2019 By EarthWise Leave a Comment

According to research from Goldman Sachs, utility-scale solar power capacity is expected to grow by double digits globally over the next two years. The growth will be driven by expanding use of the technology in the United States, Europe, the Middle East, and China.

Solar power is the world’s fastest growing source of electricity generation and is slowly taking market share from fossil fuels like coal and natural gas. The transition is being driven by a combination of continuously lower prices for solar power and the impact of policies aimed at reducing emissions.

Utility-scale solar is defined as installations designed solely to feed electricity into the grid, in contrast to smaller-scale residential or commercial building units. There are now solar farms larger than half a gigawatt in generating capacity. According to the Goldman report, global utility-scale solar installations will reach 108 gigawatts in 2019, up 12% over the previous year, and will then grow another 10% to 119 gigawatts in 2020.

When residential and other smaller installations are included, most analysts expect global solar power capacity to soon hit 600 gigawatts. To put this in perspective, the global capacity only reached 100 gigawatts in 2012 and was actually less than 10 gigawatts in 2007.

Even more dramatic than the growth of solar installations is the reduction in solar cost, and the two are obviously closely related. Solar panel costs have dropped from around $70 per watt of electricity generated in 1980 to 36 cents per watt currently in the United States. When favorable policies both from governments and related to corporate sustainability targets are added to the mix, the booming growth in solar power is easy to understand.

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