BNEF: Unsubsidized wind, solar are now the cheapest bulk generation sources

first_imgBNEF: Unsubsidized wind, solar are now the cheapest bulk generation sources FacebookTwitterLinkedInEmailPrint分享Windpower Engineering & Development:Falling technology costs means unsubsidized solar and/or onshore wind are now the cheapest source of new bulk power in all major economies except Japan, according to BloombergNEF‘s (BNEF) new 2H 2018 LCOE report. The report assesses the cost competitiveness of different power generating and energy storage technologies globally (excluding subsidies).Every half year, BNEF runs its Levelized Cost of Electricity (LCOE) analysis, a worldwide assessment of the cost competitiveness of different power generating and energy storage technologies – excluding subsidies.These are the key, high-level results:Solar and/or wind are now the cheapest new source of generation in all major economies, except Japan. This includes China and India, where not long ago coal was king. In India, best-in-class solar and wind plants are now half the cost of new coal plants.The benchmark global levelized cost for onshore wind sits at $52/MWh, down 6% from our 1H 2018 analysis. This is on the back of cheaper turbines and a stronger U.S. dollar. Onshore wind is now as cheap as $27/MWh in India and Texas, without subsidy.In most locations in the U.S. today, wind outcompetes combined-cycle gas plants (CCGT) supplied by cheap shale gas as a source of new bulk generation. If the gas price rises above $3/MMBtu, our analysis suggests that new and existing CCGT are going to run the risk of becoming rapidly undercut by new solar and wind. This means fewer run-hours and a stronger case for flexible technologies such as gas peaker plants and batteries that do well at lower utilization (capacity factor).Short-duration batteries are today the cheapest source of new fast-response and peaking capacity in all major economies except the U.S., where cheap gas gives peaker gas plants an edge. As electric vehicle manufacturing ramps-up, battery costs are set to drop another 66% by 2030, according to our analysis. This, in turn, means cheaper battery storage for the power sector, lowering the cost of peak power and flexible capacity to levels never reached before by conventional fossil-fuel peaking plants.Batteries co-located with PV or wind are becoming more common. Our analysis suggests that new-build solar and wind paired with four-hour battery storage systems can already be cost competitive, without subsidy, as a source of dispatchable generation compared with new coal and new gas plants in Australia and India.More: Onshore wind & solar lead as cheapest source of new bulk power, finds BNEFlast_img read more

Legal Roundup

first_img Legal RoundupAbel Band University: Abel Band in Sarasota has launched a new firm-wide education, development, and knowledge management program. Known as Abel Band University, the program operates as the firm’s conduit for continuing education and development programs for both attorneys and nonattorneys. The university’s primary purpose is to enhance business and legal skills so that all staff and attorneys are better educated to deliver the highest level of client service possible. The university provides educational opportunities utilizing technology and other media that enable lawyers to participate in programs within the office to minimize time away from delivering client service, while still allowing attorneys to obtain the latest and most up-to-date educational materials. Sandler Wins McEwen Award: Hillsborough County Bar’s immediate past president, William J. Schifino, Jr., presented Susan Sandler with the Red McEwen Award, given by the outgoing president to the individual who provided the most assistance during his or her term. Sandler was recognized in part for her “tireless efforts” for Lawyers for Literacy, elementary school children’s mentoring, and the West Tampa Elementary School projects and her contributions to the community and the legal profession. Sandler is a staff attorney with Bay Area Legal Services Stetson Wins: A team of students from Stetson University College of Law won the 15th Annual Cathy Bennett National Criminal Trial Competition at the annual meeting of the National Association of Criminal Defense Lawyers in Santa Fe, N.M. The Stetson student team of Patricia Calhoun, Samuel Denny, Reneka Redmond, and Ruel Smith beat a student team from the University of Florida’s Levin College of Law in the final round of the three-day competition to become national champions. Teams argued a hypothetical death penalty case. This is the first year a capital litigation problem was used in the competition. Rogers Towers Honored: Jacksonville Area Legal Aid presented Rogers Towers with its 2005 Equal Justice Award and Chief Justice Barbara Pariente was the keynote speaker at the awards reception. “For 100 years Rogers Towers has been a part of our local community,” said Michael Figgins, executive director of Jacksonville Area Legal Aid. “JALA is honored to be recognized by RT during its special anniversary with an expression of generosity that honors the entire legal profession and furthers JALA’s commitment to justice for all.” In August, JALA approached Rogers Towers for fundraising help to replace funds which were budgeted by JALA, but unexpectedly cut by governmental sources. In response to this need, the firm created a program to match individual financial contributions made by its attorneys. Gables Bar sets Holiday Luncheon: The Coral Gables Bar Association will hold its holiday luncheon December 21 from 11: 30 a.m. to 1:30 p.m. at Norman’s located at 21 Almeria Ave in Coral Gables. The cost is $55 per person, with part of the proceeds going to CHARLEE — Children Have All Rights: Legal, Educational, Emotional — an organization that provides therapeutic, residential, and support services to abused and neglected children in Miami-Dade County. For more information contact Deborah A. Antoni, Coral Gables Bar director, at D-Antoni@msn.com. Martin County Softball: The Young Lawyers Division of the Martin County Bar hosted the Second Annual Martin County Bench, Bar, and Red Cross Youth Leadership Program Softball Game. Jack Sobel and Robert Naberhaus pitched for the two teams; Walter Woods coached from the bench. Chief Judge Roby brought his son who was a star hitter, and his daughter who helped out in the outfield. Others who participated include: Judge Lawrence Mirman, Richard Levenstein, Scott Konopka, Rep. Joe Negron, R-Stuart, R.J. Ferraro, Todd Thurlow, and Darren Steele. Nina Ferraro, and Michelle Naberhaus cheered from the sidelines. Jennifer Waters photographed the event. Marland, Passidomo Recognized: The Collier County Women’s Bar Association recently presented its “Distinguished Executive Award” to Martha Marland of Northern Trust Bank and Trust Company for leading in the “workplace with vision, determination, and compassion, and for promoting and creating a good working environment for women attorneys within her organization.” The “Woman Lawyer of the Year Award” was presented to Kathleen Passidomo for “excelling in her career, overcoming traditional stereotypes associated with women, and distinguishing herself as an outstanding practitioner of law.” Carbo and Dr. Phil: In a recent appearance on the “Dr. Phil Show,” Ft. Lauderdale attorney Michael J. Carbo demonstrated how effective mediation can resolve a highly complex child custody case. Carbo, a certified family mediator, was invited to appear on the program to help settle a bitterly fought custody case involving alternative lifestyles. The case involved a woman who became a man through a sex change operation in 1987. Two years later, he married a woman who was pregnant at the time. Then the couple had another child by artificial insemination. When the wife filed for divorce and primary residence of the children, ages 15 and 13, the case drew national attention and the two-week trial was televised on Court TV – without coming to a resolution. Carbo held a successful seven-hour mediation session in May, and then flew to Los Angeles two days later to appear on the Dr. Phil Show. Burnett to Lead Bankruptcy Lawyers: At a recent meeting of the Southwest Florida Bankruptcy Professional Association, the following officers were elected: Philip L. Burnett, president; Louis Amato, vice president; Richard A. Johnston, Jr., secretary; Gregory Champeau, treasurer. Legal Roundup December 15, 2005 Regular Newslast_img read more