411 News & Press Releases found
New Energy Update - Reuters Events News
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US PV costs drop 13% in a year; Spain set to kickstart solar growth
The mean levelized cost of utility-scale PV projects in the U.S. has fallen by 13% over the last year and costs now range between $36/MWh and $44/MWh on an unsubsidized basis, Lazard consultancy said in a report published November 8. The mean cost ...
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CSP real-time dispatch model hikes revenues by over 15%
New software combining dispatch algorithms with probabilistic forecasting could reduce CSP bid prices by a quarter and spur fresh U.S. CSP deployment, Mike Wagner, Principal Investigator at the National Renewable Energy Laboratory (NREL), told New ...
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ACWA Power adds 250 MW of PV to Dubai CSP project; Stirling CSP developer lists on Nasdaq small caps
Saudi Arabia`s ACWA Power and the Dubai Electricity and Water Authority (DEWA) have agreed to add 250 MW of PV capacity to the 700 MW DEWA CSP project, ACWA Power announced November 11. The power purchase agreement (PPA) for the DEWA CSP project ...
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GE targets untapped wind sites with two-piece blade design
GE`s new 5.3 MW turbine system combines larger dimensions with on-site blade assembly in a design leap that could unlock new wind siting opportunities. Last month, GE unveiled a new 5.3 MW onshore wind turbine which is more than double the ...
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Floating wind developers focus on lean multiples as competition mounts
Floating wind developers are cutting design weight, maximizing onshore build capability and gaining lender support, but the jump to commercial arrays will require state-level measures, industry experts said. On October 5, Shell, Innogy and ...
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US wind activity rises 28% on year as PPAs flow; Germany agrees to auction 4 GW of wind
US wind activity climbs to record 38 GW as PPA boom continues U.S. wind projects in advanced development rose by 4.5 GW in Q3 to hit a record 38.0 GW, some 28% higher than a year ago, according to the latest figures from the American Wind Energy ...
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Europe raises 2018 PV forecast after Asia tariff expiry; New England files storage market rules
Europe is forecast to add 12.6 GW of solar power capacity in 2018 (including Turkey), up 37% year-on-year as the expiry in September of import tariffs on Asian modules and cells boosts demand, industry group SolarPower Europe said in a statement ...
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Global CSP learnings report targets lower cost of finance
U.S. researchers are seeking data from over half of global CSP projects to help lower financing costs that are hampering competitiveness, Mark Mehos, Program Manager, CSP at the National Renewable Energy Laboratory (NREL), told New Energy Update. ...
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US to fund 15 high-temperature CSP projects; Iberdrola sells CSP plant to biomass generator
The U.S. Department of Energy (DOE) has allocated $12 million of federal funding to 15 projects that will research high-temperature CSP components and systems, the DOE announced October 23. "These projects will develop materials and designs for ...
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US announces Atlantic, Pacific offshore lease sales; UK power utility goes 100% wind
US advances offshore lease sales on Atlantic, Pacific coasts The U.S. Bureau of Ocean Energy Management (BOEM) is to hold a tender December 13 for the Massachusetts Wind Energy Area which could host around 4.1 GW of offshore wind capacity, the ...
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US solar storage displaces gas as coupling cuts battery costs by 39%
Solar plus storage deployment is spreading from the U.S. Southwest into eastern states as growing competition boosts efficiency gains in technology coupling, analysts from Bloomberg New Energy Finance (BNEF) told New Energy Update. Solar plus ...
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Perovskite findings raise PV efficiency limit to 44%; Venture Capital battery funding hikes 39%
New research led by the Dutch and Japanese universities has shown that perovskite materials contain energy carrier properties that could boost conversion efficiency levels to as much as 44%. Perovskite cell developers are continuing to increase ...
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CSP groups must focus on 24-hr power, heat advantage to win mining clients
CSP developers must optimize baseload generation, solar heat production and innovative purchase contracts to gain a share of the growing mining customer market, sector experts told New Energy Update. Mining companies are increasingly turning ...
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China’s first CSP plant enters commercial operations; IEA predicts 4.3 GW new CSP by 2023
China`s 50 MW Delingha CSP plant, the country`s first large-scale CSP project, started commercial operations on October 10, China Guangdong Nuclear Power (CGN), project developer, said in a statement. The Delingha plant is located at 3,100 meters ...
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Siemens Gamesa service terms for record PPA show growing risk comfort
Siemens Gamesa`s 25-year service contract for Norsk Hydro`s longest-ever wind purchase in Sweden highlights an increasing appetite for long-term performance risk in the highly competitive operations and maintenance (O&M) market. In July, ...
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Offshore wind analytics to cut opex to less than quarter of costs
Growing predictive maintenance capabilities, drones and multi-turbine control strategies will combine with logistics innovations to lower operations and maintenance (O&M) costs, industry experts said. Sweden`s Vattenfall launched last month ...
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Trump import tariffs could hike wind costs by 10%; Orsted buys US offshore pioneer Deepwater Wind
US import tariffs could raise wind costs by 10% U.S. tariffs on steel and Chinese imports could raise wind power costs by up to 10%, Tom Kiernan, CEO of the American Wind Energy Association (AWEA), said at a conference in New York on October 2, ...
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Operators deploy learning drones to cut PV, wind labor costs
Operators and tech companies are combining drones with artificial intelligence to provide faster, more-detailed plant inspections and earlier preventative actions, sector experts told New Energy Update. As solar operators continue to seek ...
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IEA forecasts 600 GW of new solar by 2023; SMA cuts inverter sales forecast after China surplus
Global solar PV capacity is forecast to rise by 600 GW by 2023, more than all other renewable power technologies combined, to reach 1 TW by 2023, the International Energy Agency (IEA) said in its Renewables 2018 report, published October 8. Some 97 ...
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China market study confirms CSP value in high wind, solar markets
CSP could be economically viable without subsidies in markets with over 50% variable renewable energy penetration and wind curtailment needs could create the greatest opportunities, a study by Chinese and U.S. researchers has found. CSP ...