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EIA: Levelized cost of onshore wind, solar PV dropping below gas-fired and conventional generation...

Within a decade, if not a few years, the levelized cost of electricity is coming way down for new utility-scale onshore wind and solar photovoltaic (PV) projects to levels below all fossil or conventional...

Xcel celebrates milestone as utility is now halfway to 100% carbon free electricity

For the second year in a row, Xcel Energy has hit a significant milestone in its quest to deliver 100% carbon-free electricity to customers by 2050. Xcel reported that it broke its own record...

RP Global has 1-GW pipeline of renewable projects to develop in Poland

Renewable energy developer RP Global announced that it is investing in the development of PV and wind power projects across Poland. Wojciech Glocko, former EPA Wind and utility manager, has been hired to head up...

The grid needs $14T to support full decarbonization

At least $14 trillion needs to be invested in the grid worldwide by 2050 to support an evolved power system, according to BloombergNEF's new Power Grid Long-Term Outlook 2021 published this week. The transition to electric heating and...

Customers are driving the push towards renewables and digitalization

For us at ABB, it’s an exciting time. Our customers are pushing us to help them maximize their efficiencies and increase long-term sustainability with digital and cloud-connected technologies.
Wind Turbine

GWEC: Nearly 30GW of new wind energy capacity was auctioned in 2020

According to new analysis by GWEC Market Intelligence in its latest Q4 2020 Wind Energy Auction Update, nearly 30GW of new wind power capacity was awarded globally through auctions in the second half of 2020, which is a slight increase compared to the 28GW awarded during H2 2019. This surge in new auctioned capacity is a clear signal that the industry is back on track and committed to building up the global pipeline of wind power projects, notes the report.

I don’t believe renewables are the main cause for Texas blackouts

Record low temperatures, including snow in Texas, have led Texas electric grid operator to ration electricity. Even before the winter event is done, misinformation is spreading that wind turbine blades froze, and hence, renewables...

To maximize emission cuts, this Boston campus gets its power from the Midwest

Boston University prioritized impact over location in deciding to buy electricity from a South Dakota wind farm. Boston University has started sourcing all of its electricity from a newly built wind farm in South Dakota, a...

Iberdrola plans first industrial-scale floating offshore wind farm in Spain with an investment of...

Iberdrola is planning what it says will be the first industrial scale floating offshore wind farm in Spain. The 300-MW project will cost more than €1 billion said the company. It will be located...

Government and private funding – we need both for the energy transition

These days, companies and governments alike are making commitments to net zero emissions. While commitments are good, making progress requires investment. That means putting money on deploying existing technology in the near term, while continuing to fund innovation to deliver cost-effective approaches in the future.