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

Trump to take pandemic victory lap in TV ‘town hall’

first_imgDonald Trump will wrap himself in the mantle of America’s arguably greatest president with a television extravaganza Sunday at the Lincoln Memorial meant to leave the coronavirus crisis behind and relaunch his election campaign.The businessman Republican is doing poorly in most polls ahead of the November presidential contest with his Democratic challenger Joe Biden, who remains shuttered in his Delaware home.Trump faces criticism for his bruising, divisive style during a time of national calamity, and is accused by some of having botched the early response to the COVID-19 virus. Worse, the previously booming US economy, which was seen as a golden ticket to his second term, is now in dire straits due to the nationwide lockdown.But with officials saying the viral spread has begun to taper, Trump is itching to declare victory and get back on the campaign trail.That audacious shift begins Sunday at possibly the most hallowed monument in the country — the statue of Abraham Lincoln, who led the country through civil war, urged reconciliation, and was assassinated in his moment of triumph.Trump, who calls himself a “wartime president” and the coronavirus an “invisible enemy,” will appear there for a two-hour Fox News “town hall,” taking questions from the usually friendly network’s hosts and from voters appearing by video. The memorial is only just beyond the White House fences, but in the next few days, Trump will break months of self-quarantine with long-distance trips to the key electoral states of Arizona and Ohio.It’s a play that will emphasize Trump’s massive visibility advantage over Biden and, the White House hopes, rewrite the public relations script after gaffes including the president’s suggestion that coronavirus patients ingest disinfectant.Read also: Trump says ‘glad’ Kim Jong Un ‘is back, and well’Patriotic sales pitchLincoln took the gamble in 1861 that only war could preserve the United States by ending slavery and restoring the nation’s ideals of freedom — and he won.Trump often compares himself favorably to the 19th century national hero.Retweeting a fan’s gushing endorsement Sunday of Trump as a great friend of African Americans, the president replied: “So true, although Honest Abe wasn’t bad. Thank you!”So true, although Honest Abe wasn’t bad. Thank you!— Donald J. Trump (@realDonaldTrump) May 2, 2020Now Trump wants to extend that claim to great leadership by asking voters to put behind them the tragic events of the last months and to focus on his promise of “spectacular” economic recovery.The virus — which has killed more than 66,000 Americans — continues to inflict havoc against a background of mass unemployment, trillions of dollars in emergency government aid, and worries about a second viral wave after the summer.But Trump, tapping his salesman’s optimism, says the nightmare will end soon.”We built the greatest economy the world has ever seen,” the president said last week. “And we’re going to do it again. And it’s not going to be that long, OK?”To underline this patriotic self-confidence, he announced a series of flyovers by the military display team, the Blue Angels, including one over Washington, DC, on Saturday.Read also: Trump muses that virus briefings ‘not worth the time and effort’Fanning the flamesDespite Trump’s eagerness to get the economy — and his re-election hopes — moving, medical experts warn premature reopening could bring a disastrous resurgence.On the other side, the president is pressured by many ordinary Americans whose livelihoods are under dire threat.Faced with these conflicting tensions, he has increasingly sided with Republican leaders who advocate re-opening as quickly as possible.As the decision on whether to reopen becomes ever more politicized, Trump has encouraged street protests against the lockdown.Tweeting that protesters should “LIBERATE” states and calling demonstrators in Michigan — who included armed and camouflaged militia members — “very good people”, he is staking out electoral territory.And while he pushes the patriotic themes inside the country, Trump is also amping up criticism on China, where the virus originated, as a foreign opponent.Beijing, he told Reuters last week, “will do anything they can” to stop his reelection — an accusation likely to be repeated often.Topics :last_img read more

Meet the footy star who now tackles property flipping

first_imgThe house at 370 Flinder Pde, Brighton, before it was renovated by Jamie Charman. This property at 21 Hawthorne St, New Farm, goes to auction on Thursday, December 6.The Charmans bought the property in December 2016 for $1.15 million when it was just a rundown worker’s cottage, and have transformed it into a four-bedroom, two-and-a-half-bathroom architectural masterpiece.The property, which is open for inspection today, goes to auction on Thursday, December 6, at 6pm, which means the new owner could be in just in time for Christmas. The Charmans do a lot of entertaining so a good outdoor space was important.The home’s features include a large outdoor entertaining area with Travertine tiles, a pool, professionally landscaped gardens, a built-in barbecue, two separate large living spaces, American Oak flooring, a gourmet kitchen with Miele appliances and a butler’s pantry, and a 200-bottle wine cellar. The house at 15 Princess St, Camp Hill, before it was renovated by Jamie Charman. Picture: CoreLogic. Former AFL player Jamie Charman with his wife Nicky and their children, Lenny, 3, and Joe, 18 months, at the New Farm house they are selling at auction. Picture: Tara Croser.HE’S gone from being one of the toughest tacklers in the AFL to tackling house flips on an epic scale.These days, Jamie Charman sells houses for Ray White in Brisbane’s affluent inner north, but in his spare time, the former Brisbane Lions player designs and renovates his own. The 36-year-old is about to flip his ninth property — an amazing home in New Farm, which will go under the hammer in a few days.He and wife Nicky, who owns designer fashion boutique, Calexico, spent a year renovating the jawdropping property at 21 Hawthorne Street. “I’ve always had a passion for real estate,” Mr Charman said.“I’ve mainly renovated old Queenslanders, so this one’s probably more modernised than what I’m used to doing.”With the help of his mates at Happy Haus and Living 4 Landscapes, Mr Charman came up with the design for the house.“I worked with them pretty closely to come up with the idea and put it into play,” he said.“It was just a matter of finding an old Queenslander in New Farm because I love the area.“The whole place is pretty much brand new.” What was once a rundown worker’s cottage has been transformed.“Everything in the house was based on our family, but I suppose towards the end we just thought we’d prefer to live where we,” she said.The Charmans have lived in their current home in Teneriffe for the past six years.“All the finishings and quality of everything is second-to-none,” Mrs Charman said.“Every time I walk in, I think; ‘Why are we not moving in here? But with two small children, it’s probably more valuable to someone as a brand new home.” The house at 31 Kingfisher Lane, East Brisbane, that Jamie Charman renovated.But his favourite would have to be his own home — a two-storey Queenslander in Teneriffe, where he and Nicky were married and had their two children, Lenny, 3, and Joe, 18 months.“We’ll get through the auction of this and then probably look at our next project,” Mr Charman said.“We’ll look to do bigger and better things.” The view from the outdoor entertaining area.“It just kind of happened that way,” Nicky Charman said.“It’s perfect for someone relocating from Melbourne or Sydney who is starting afresh and wanting to get in before Christmas.”Mrs Charman said the couple had originally bought and renovated the home with the aim of it becoming their forever home. The house at 15 Princess St, Camp Hill, after it was renovated by Jamie Charman. Picture: CoreLogic.His other projects include renovating a house at 31 Kingfisher Lane, East Brisbane, building two homes on a double block in Dorames St, Hendra, and a development at 370 Flinders Pde, Brighton. Jamie Charman and his wife Nicky at the home they currently live in. Picture: Lyndon Mechielsen.JAMIE CHARMAN’S TIPS FOR BEING A PROPERTY FLIPPING PRO1. Know what you’re getting in to“If you’re buying a renovator, you’ve got to know what you’re in for,” Mr Charman said.“You’ve got so many hidden challenges with a Queenslander that don’t even get picked up in a building and pest inspection, so you need someone with experience to help show you through — someone who has renovated Queenslanders before. 2. Buy the worst house in the best street“Buying property in good areas, in good streets, only helps your resale value after you renovate.”3. Prepare to go over budget“At all times, be prepared to spend more than you think you’re going to, because that’s always the case!”4. Keep style consistent“I think you’ve either got to go all new or do the whole thing in keeping with the character of the home,” Mr Charman said.“Pick your style and keep it throughout the whole house. “One thing I’ve noticed with selling is that people don’t like to chop and change the style.”5. Go in with a plan“Whether you use a draftsperson or architect, make sure you get plans drawn up,” he said.“Don’t just add bits and pieces for the sake of it.” The Teneriffe house Jamie Charman currently lives in, before it was renovated. Inside the home Jamie Charman lives in. Picture: Lyndon Mechielsen. The house comes with a 200-bottle wine cellar.But despite what many people might think, Mrs Charman said it was her husband who had the creative eye.“This is his forte,” she said.“Most people think because I’m in fashion, I’m the creative one, but I can’t take credit for that.More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours ago“Jamie’s the one that’s got the real eye for the space, and the colours, and all that.“I’ll stick to frocks and Jamie can stick to houses.” The kitchen in the home at 21 Hawthorne St, New Farm.Mr Charman first started dabbling in property flipping when he just 23 and playing for the Brisbane Lions.“The first house I ever did was at 15 Princess St, Camp Hill,” he said.“I used to do a project every year to year-and-a-half while playing footy.” The house at 370 Flinder Pde, Brighton, after it was renovated by Jamie Charman.last_img read more