The output of all the main sources of thermal electricity generation declined in the first nine months of this year, as hydro, wind and solar boomed and demand fell.
The consultancy’s 2017 study finds that the global cost of utility-scale solar has reached an unsubsidized LCOE of under $50 per megawatt-hour, making new solar cost-competitive with running existing coal or nuclear plants.
In its annual flagship report, the International Energy Agency (IEA) highlights that fast-declining costs will turn solar into the cheapest source of new energy generation over the next 25 year.
Amount of money spent propping up global fossil fuel industry reaches $5 trillion a year, finds study conducted by the IMF and published in the journal World Development.
The Spanish gas and power provider, which has invested heavily in wind power over the past years, is increasing investments in solar energy projects.
Between June 27-29, some 9,000 participants were expected to turn out for this year’s PowerGen Europe conference and exhibition in Cologne, which marked the 25th anniversary of this industry event in Europe.
As renewable energy breaks new output records in California, both the need for and availability of gas in California have both declined.
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