As mining companies become more aware of the rapidly falling costs of renewables, wind and solar are set become a growing trend in powering mining operations worldwide over the coming years, shows a new report from Fitch Solutions. On the back of carbon pricing schemes, countries and companies operating in the Americas are best positioned to lead the way in the adoption of renewables in mining.
Japanese electronics giant, Sony has become the latest major organization to commit to a 100% renewable energy target for all of its operations. The company has joined the RE100, a global NGO initiative promoting renewable energy, and plans to reach its target by 2040.
The 2018 edition of the Nuclear Industry Status Report (WNISR) reveals that nuclear power capacity grew by only 1% in 2017, while wind and solar saw their share increase by 17% and 35%, respectively. The report also recognizes that solar and wind are now the cheapest grid-connected sources of energy. Investments in new nuclear plants, on the other hand, are only being driven by public support, and by nuclear weapon states.
The benefits of deploying bifacial solar panels on single-axis trackers are touted like snake oil these days, with promises of anywhere from 5 to 50% gains in energy output compared with a monofacial panel. Unfortunately, the field data that might delineate the actual energy gain of a bifacial panel on a tracker are hard to acquire, and the data that are available typically describe small-scale tests under tightly defined conditions.
The New Climate Economy and OVO Energy, together with the Imperial College London, have published two independent reports pointing at the tremendous financial advantages resulting from clean tech transitions. Carbon pricing schemes could reap global sales of around US$2.8 billion, they say. Wide-spread use of storage, V2G, and electric heating could further save U.K. homes around $258 per year.
Solar has the potential to foster peace and aid conflict resolution by being deployed in several of the world’s crisis areas. Electricity is one of the highest costs for humanitarian missions in fragile regions, such as South Sudan, the Congo, Somalia, Myanmar and Yemen, among others. In an interview with pv magazine, the CEO and founder of Energy Peace Partners describes how solar installed in camps and protected areas, could improve the outcomes of such missions.
According to the Taiwanese analysts, the solar PV module market is still stable. However, EnergyTrend expects a new price war to erupt with the end of minimum import tariffs (MIPs). In particular, Taiwanese manufacturers will have to cope with increasing price pressure.
Newly released EIA data shows overall module shipments falling by two thirds in the second quarter of 2018, while pre-tariff prices remained relatively steady.
The lithium producer is banking on both its substantial history and new developments in the rapidly growing the electric vehicle market.
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