Renewable + conventional trends
Posted: April 13th, 2018, 10:25 am
Prompted by this report I thought I'd start a new topic to follow aggregate trends rather than the parochial ones. Below are my skim read takeaways.
UN / Bloomberg : 2018 Global Trends in Renewable Energy Investment - report
http://fs-unep-centre.org/sites/default/files/publications/gtr2018v2.pdf
MONEY - 2017
Wind $107bn, solar $180bn, large hydro $45bn (mostly Baihetan dam, China), $103bn new fossil plan, $42bn nuclear
Now the developing countries are putting more money in to renewables capacity adds than developed, i.e. getting closer to fully commercial basis.
LEVELISED COSTS - 2017
"In the U.S., for instance, in 2017 the average LCOE without subsidy for PV without tracking was $54 per MWh, with onshore wind at $51 per MWh, versus gas-fired generation at $49 per MWh, coal at $66 and nuclear at $174". See graph on p17.
POWER & CAPACITY - 2017
61% of new capacity adds renewables
19% global gen capacity now renewable
12% actual generation is now renewable
VEHICLES & STORAGE - 2017
1.1 mln EVs sold (vs about 85 mln conventional)
$209/kWh for lithium ion battery packs
crossover point for unsubsidised EV to equal/beat conventional in mid 2020s on lifetime cost; late 2020s on purchase cost
regards, dspp
UN / Bloomberg : 2018 Global Trends in Renewable Energy Investment - report
http://fs-unep-centre.org/sites/default/files/publications/gtr2018v2.pdf
MONEY - 2017
Wind $107bn, solar $180bn, large hydro $45bn (mostly Baihetan dam, China), $103bn new fossil plan, $42bn nuclear
Now the developing countries are putting more money in to renewables capacity adds than developed, i.e. getting closer to fully commercial basis.
LEVELISED COSTS - 2017
"In the U.S., for instance, in 2017 the average LCOE without subsidy for PV without tracking was $54 per MWh, with onshore wind at $51 per MWh, versus gas-fired generation at $49 per MWh, coal at $66 and nuclear at $174". See graph on p17.
POWER & CAPACITY - 2017
61% of new capacity adds renewables
19% global gen capacity now renewable
12% actual generation is now renewable
VEHICLES & STORAGE - 2017
1.1 mln EVs sold (vs about 85 mln conventional)
$209/kWh for lithium ion battery packs
crossover point for unsubsidised EV to equal/beat conventional in mid 2020s on lifetime cost; late 2020s on purchase cost
regards, dspp