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

Sharing kindred values locally and globally

first_img continue reading » 10SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Kindred Credit Union has a generations-long history of aligning values with finances. By joining GABV, Kindred is now collaborating within a global movement working to develop a positive, viable alternative to the current banking system.GABV is an independent network of banks, banking cooperatives, and credit unions, using finance to deliver sustainable economic, social, and environmental development. Founded in 2009, GABV includes over 43 financial institutions and seven strategic partners across the globe.Weber Marketing Group partnered with Kindred Credit Union, formerly Mennonite Savings and Credit Union, in 2015 to guide its strategic renaming process. At a time of declining net membership and other key metrics for the organization, this effort positioned the credit union to attract more like-minded members of the community desiring to make intentional financial decisions according to values such as peace and mutual aid. Within a year of its successful name change and brand repositioning, Kindred was more profitable than ever and experiencing historic best loan, deposit and mutual fund growth – proof that banking with purpose is not only good for the community, but a mission that draws passionate engagement from the community.last_img read more

Walsh team out of luck

first_img Walsh was on her County Kildare-based father Ted’s Seabass, who finished third last year and was sent off the 11-2 favourite after attracting massive support on the morning of the race. The 10-year-old ran well for a long way, but could only take 13th place out of 17 finishers even though at one stage, the rider felt he might sneak into the action. Press Association She said: “I had a good spin again. He jumped super and I thought maybe crossing the (Melling) road I might be in with a squeak, but he wasn’t going as well as last year. He got very tired in the last 100 yards.” Her brother Ruby was on another leading fancy, the Willie Mullins-trained 8-1 chance On His Own, but said: “I don’t know if we had any chance as we were too far out and I fell at Valentine’s.” Leading the Irish contingent home were Oscar Time, trained by Martin Lynch in County Westmeath, who finished a creditable fourth, and the fifth-placed Rare Bob, from Dessie Hughes’s team based on the Curragh. Sam Waley-Cohen, who rode Oscar Time, said: “He’s a fantastic horse. He loves it here and he’s just magnificent around those fences. I enjoyed every second of it and it’s great to be part of it.” Rare Bob’s partner Bryan Cooper added: “I got a great spin. He jumped his fences very well and I couldn’t be happier.” Paul Carberry, successful on Solwhit earlier in the afternoon, did not have such a good time on Gordon Elliott’s well-fancied Chicago Grey, who was pulled up. He said: “He jumped very slow. He was just a bit too careful at these big fences, which meant I got detached quite early. He just took too much out of himself jumping.” Robbie Power said of Joncol (pulled up): “He jumped OK, but the ground was a bit quick for him. He couldn’t go the pace and I got a bit detached”, while Niall Madden reported of Ninetieth Minute (pulled up): “He was never really going, to be honest. He made a couple of mistakes and we had to call it a day.” center_img Katie Walsh’s dream of becoming the first female jockey to win the John Smith’s Grand National faded away in the closing stages as Auroras Encore kept the Aintree prize in England.last_img read more