Renewable energy prices rapidly falling, becoming competitive with traditional fuels

City AM , New York, 13th Jan 2018, Renewable energy to be competitive with fossil fuels by 2020 as prices drop. The cost of generating renewable power is falling at an “unprecedented” rate, and by 2020, all renewable technologies will be price competitive with traditional fossil fuels, a new report says.

Since 2010, the cost of generating power from onshore wind has fallen by around a quarter, while solar photovoltaic (PV) electricity costs have dropped by 73 per cent, according to a report published today by the International Renewable Energy Agency (Irena).

Within just two years years, Irena expects solar energy generation costs to halve, and it said the best onshore wind and solar PV projects could be delivering electricity for an equivalent of 3 cents (2 pence) per kilowatt hour (kWh), or less.

The report said the current cost spectrum for fossil fuel power generation ranges from 5 to 17 cents per kWh. In comparison, all current commercial forms of green energy are expected to generate in the range of 3 to 10 cents per kWh by 2020.

“Turning to renewables for new power generation is not simply an environmentally conscious decision, it is now – overwhelmingly – a smart economic one,” said Adnan Amin, Irena’s director general.
http://www.cityam.com/278717/renewable-energy-competitive-fossil-fuels-2020-prices-drop

January 14, 2018 - Posted by Christina Macpherson | General News

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1.This month.

The Road to War brings a sharp focus to why it is not in Australia’s best interest to be dragged into a war with China which will almost inevitably go nuclear very quickly. The filmmaker has interviewed some of Australia’s senior foreign policy analysts who have vast experience behind them in analysing what really is going on here as the United States rattles its sabres with China. And sets us up to be its proxy, like the poor Ukranians have been fed into the Meatgrinder. So America can remain the Top Dog. The Road to War reveals how the United States through its spy base at Pine Gap and by stationing six nuclear capable B52 bombers in the Top End (without permission from the traditional owners) is making Australia a prime nuclear target if the current war of words suddenly melts down into full scale war.

The Road to War shows the implicit connection between Carbon emissions (the US military uses a whopping 70% of America’s annual petroleum to move its armies and vast War Machine around the globe to its 800+ military bases..but under a loophole wangled at Kyoto, the US military does not have to report its C02 annual emissions). The Road to War starts screening at selected cities and regional centres in March. See the trailer end for details.

Antinuclear

Australian news, and some related international items