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

The Latest: Nadal says Djokovic may need vaccine if required

first_img Associated Press May 8, 2020 Most of the other Italian league clubs had already resumed training on an individual basis this week before full team training restarts on May 18.___Manchester City defender Kyle Walker has complained about being “harassed” and says his family has been “torn apart” after admitting to breaking social-distancing rules again during the coronavirus pandemic.British newspaper The Sun reports that Walker breached regulations three times in a 24-hour period this week by visiting family members and going on a cycle ride with a friend.The England international apologized last month for hosting a party at his home during the lockdown. Nadal tells Spanish newspaper La Voz de Galicia this week that Djokovic and all players will have to follow the rules when tennis eventually returns to action.Nadal says no one can be forced to take the vaccine and everyone should be free to make their choices but all players will have to comply if tennis officials require “vaccination to travel” and to “protect” everyone on the tour.Djokovic recently said he was against taking a vaccine for the coronavirus even if it became mandatory to travel. He later said he was open to changing his mind.Nadal says “Djokovic will have to be vaccinated if he wants to keep playing tennis at the top level.”He says that “if the ATP or the International Tennis Federation obligates us to take the vaccine to play tennis then we will have to do it.” The Latest: Nadal says Djokovic may need vaccine if requiredcenter_img ___Inter Milan players can resume training at the club’s Suning Center after everyone from the first team tested negative for the coronavirus.Inter had to delay the resumption of training earlier in the week because not everyone on the team had been tested for COVID-19.The club says all tests have now come back negative and that “optional individual training sessions will begin this afternoon.”AC Milan has also reopened its training center for its players. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Rafael Nadal says Novak Djokovic will need to be vaccinated to keep playing if tennis bodies make coronavirus shots obligatory once they become available. Walker posted a long statement on Twitter saying he feels he is being followed constantly while also raising mental health concerns.Walker writes “this is no longer solely affecting me but affecting the health of my family and my young children too.”___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sportslast_img read more