Costs

In North Carolina, falling costs of clean energy make strange bedfellows
By Elizabeth Ouzts, Energy News Network Manufacturers, mills, and environmental interests oppose Duke-backed legislation because it hampers the role of regulators and costs ratepayers. It’s not often that paper mills and chemical manufacturers agree with the likes of the Sierra Club. But the debate over controversial energy legislation in North Carolina shows how companies like DuPont, Chemours, and Georgia Pacific are increasingly aligned with environmental groups on utility policy. [...]
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Study: Clean energy developers are unfairly burdened with transmission upgrade costs
As the Federal Energy Regulatory Commission (FERC) begins to study transmission reform, a new report out today from ICF Resources and the American Council on Renewable Energy (ACORE) highlights the problem with transmission cost allocation today. The study essentially found that while the entire power system typically benefits from significant transmission upgrades, new wind and solar projects are being asked to foot nearly the entire bill when they want to connect to the grid. The analysis, [...]
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An idea to clear out the SPP interconnection queue backlog to reduce renewable PPA costs
Clearing the current queue backlog is the focus of the Southwest Power Pool (SPP) generator interconnection staff. However, they are missing a key long-term solution to address the root cause of backlog, identifying network upgrade costs for developers. Indeed, renewable energy (RE) developers could check if alternatives to network upgrades exist if these developers have study results in hand. SPP staff should run multiple Definitive Interconnection System Impact Study (DISIS) study cycle mo [...]
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DOE announces goal to cut costs of long-duration energy storage by 90%
U.S. Secretary of Energy Jennifer M. Granholm today announced the U.S. Department of Energy’s (DOE) goal to reduce the cost of grid-scale, long-duration energy storage (of which pumped storage hydro is the largest source) by 90% within the decade. The second target within DOE’s Energy Earthshot Initiative, “Long Duration Storage Shot” sets goals to accelerate breakthroughs that store clean electricity to make it available anytime, anywhere and support more abundant, affordable and [...]
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Wind power experts expect wind energy costs to decline up to 35% by 2035
Technology and commercial advancements are expected to continue to drive down the cost of wind energy, according to a survey led by Lawrence Berkeley National Laboratory (Berkeley Lab) of the world’s foremost wind power experts. Experts anticipate cost reductions of 17%-35% by 2035 and 37%-49% by 2050, driven by bigger and more efficient turbines, lower capital and operating costs, and other advancements. The findings are described in an article in the journal Nature Energy. The study summa [...]
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Wind-solar pairing cuts equipment costs while ramping up output
A trailblazing wind-solar hybrid project in western Minnesota could be a preview of what’s to come as renewable developers look for new ways to bolster projects. [...]
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Vermont Solar-storage Projects Aim to Lower Costs During Peak Demand
A Vermont utility is adding solar panels and battery storage in hopes of lowering costs and improving reliability on hot summer days when electricity demand — and prices — tend to spike. [...]
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Why a Misuse of the Trade Expansion Act of 1962 Could Lead to Higher Costs for US Solar Projects
In April 2017, Wilbur Ross, the U.S. Commerce Secretary, began an investigation into steel and aluminum imports under Section 232 of the Trade Expansion act of 1962. Ross made a variety of tariff recommendations to Mr. Trump including 24 percent tariffs on steel imports from all countries, 53 percent tariffs on steel imports from Brazil, China, Costa Rica, Egypt, India, Malaysia, South Korea, Russia, South Africa, Thailand, Turkey and Vietnam or cuts in imports of 37 percent from all countries. [...]
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Renewables Providing Most New Power, As Solar, Wind Costs Continue to Fall
Renewables were the biggest new source of electricity last year as the cost of building new wind and solar farms fell. Clean energy provided 55 percent of all new capacity added worldwide, the most ever, and total investment was about double the amount for generators driven by fossil fuels, according to a report published Thursday by UN Environment, the Frankfurt School-UNEP Collaborating Centre and Bloomberg New Energy Finance.   [...]
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Listen Up: Future Rooftop Solar Costs — Getting to $2.50/watt
The solar industry is one of our most obvious success stories. Our industry directly employs 261,000 people. We generate energy that is both clean and renewable. And we generate this energy at prices that are less than conventional utility power — as low as 6 cents per kwh.  [...]
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