After having been in denial for some time, the oil firms are now at wit’s end, it seems. For years, they denied that any warming was underway at all. Then when some of them finally admitted it, they said, inaccurately, that scientists were still “unsure” of the cause. Now, perhaps, some of them are becoming too subtle for their own good, or even too clever by half. At times, what some of the oil firms are saying of late, particularly about the “intermittency of renewables,” may even be a little above the public’s head. The “perils of intermittency” may only be a viable argument for a “niche market” of global citizens who are somewhat informed about energy issues, yet not fully apprised. This is a good sign, it seems to me. The oil firms are apparently running out of ideas to try to convince us to move slowly on climate change, even before they run out of conventional oil and natural gas.
With the price of wind power falling more and more, and the price of solar PV falling sharply and enticingly, what other arguments will the big oil firms still have left to try to slow the transition to renewables when even the cost of natural gas may soon be unable to compete with the cost of wind in the Midwest or solar PV in the Southwest? The “risk of intermittency” may be one of the only “reasonable” arguments that Shell or Conoco will still be able to make. And yet, who will even care? Soon, the US energy market, with its focus on price points, may simply say to the oil giants, “Frankly, my dear, I don’t give a damn about the ‘risk.’ ”
Written by Victor Provenzano. To read the full article, click here.
New Hampshire, USA — New statistics from the National Renewable Energy Laboratory (NREL) reveal exactly how much land is needed to site a solar plant of various sizes and technologies, based on actual plants and projects and not models or projections. The takeway: your mileage may vary.
NREL’s previous estimates and calculations of solar energy’s land-use requirements, published several years ago, suggested that it could meet the U.S.’ total electric demand (circa 2005 levels) with a footprint of about 0.6 percent of the nation’s total land area, or somewhere around 14-15 million acres.
Now, though, NREL has pooled data from more than two-thirds (72 percent) of solar photovoltaic (PV) and concentrated solar thermal (CSP) power plants already installed or being built across the country, as of 3Q12 data from SEIA: 2.1 GW (AC) of generation capacity and 4.6 GW (AC) under construction. Not surprisingly, they determined the required footprint varies widely depending what solar energy technology is applied, weighing between and how one calculates the “direct impact” (physical infrastructure development) vs. “total” area impacted including the surrounding land.
Written by James Montgomery. To read the full article, click here.
CHICAGO — California is no stranger to rolling blackouts. When Charles and Elke Hewitt installed a solar electric system with batteries for emergency backup power on their home this April, they were shocked when Southern California Edison rejected their application for grid connection under their net metering program. And the Hewitt family was not alone. Soon all homeowners with solar electric systems with battery backup in California could be affected by Edison’s stance on backup power.
Edison informed the couple their application for grid connection was denied because the batteries they used to store energy for emergency backup power when the grid went down were considered “power generators” and not energy storage devices, said Charles Hewitt. Edison said Hewitt did not qualify for their net metering program because the utility could not distinguish between power produced by the solar panels and power produced by the batteries, which it considers a nonrenewable source of power, he said. Edison explained their policy had not changed. It was the equipment that had changed. Members of the solar industry refute Edison’s position.
Written by Lauren Poole. To read the full article, click here.
Hydropower accounts for more electricity production than solar, wind, and geothermal combined, but gets far less press because it is a mature technology with a much lower annual growth rate than most renewables. Still, hydropower will likely continue its leading role as the world’s most important producer of renewable electricity until well into the next decade.
This is the 2nd installment in a series that looks at the recently released 2013 BP Statistical Review of World Energy. The previous post – Renewable Energy Status Update 2013 – focused mainly on wind and solar power. This post delves into hydropower and geothermal power. Some of the BP data is supplemented by REN21′s recently-released 2013 Renewables Global Status Report (GSR). (Disclosure: I have been a reviewer for the GSR for the past three years).
Hydropower accounts for more electricity production than solar PV, wind, and geothermal combined. In 2012, hydropower accounted for 16% of the world’s electricity production. However, hydropower gets far less press because it is a mature technology with a much lower annual growth rate than most renewables. While solar PV increased capacity by an average of 60% per year over the past 5 years, new hydropower capacity increased at a much more modest annual rate of 3.3%.
Written by Robert Rapier. To read the full article, click here.
Many people still think that it will not be long before renewable energy such as solar and wind becomes outright cheaper than fossil fuels, thereby leading to a rapid expansion of the thin orange slither in the graph below. This is an ideologically very attractive notion, but, as discussed in this article, it is questionable whether this is in fact physically possible.
So, what does renewable energy have to accomplish before it can compete with fossil fuels in an open market? Well, in short, we will have to overcome the diffuse and intermittent nature of renewable energy more efficiently than we can overcome the declining reserve qualities and unrefined nature of fossil fuels.
In other words, renewables need to overcome the following two challenges in order to displace fossil fuels in a fair market:
Solar panels and wind turbines need to become cheaper than raw fossil fuels. This is the challenge posed by the diffuse nature of renewables.
Storage solutions need to become cheaper than fossil fuel refineries (e.g. power plants). This is the challenge posed by the intermittent nature of renewables.
Written by Schalk Cloete. To read the full article, click here.
Hokkaido, Japan’s second largest and northernmost island, is known for its beautiful wild nature, delicious seafood, and fresh produce. Now another specialty is taking root: Large-scale megasolar power plants that take advantage of the island’s unique geography.
A new renewable energy incentive program has Japan on track to become the world’s leading market for solar energy, leaping past China and Germany, with Hokkaido at the forefront of the sun power rush. In a densely populated nation hungry for alternative energy, Hokkaido is an obvious choice to host projects, because of the availability of relatively large patches of inexpensive land. Unused industrial park areas, idle land inside a motor race circuit, a former horse ranch—all are being converted to solar farms. (See related, “Pictures: A New Hub for Solar Tech Blooms in Japan.”)
But there’s a problem with this boom in Japan’s north. Although one-quarter of the largest solar projects approved under Japan’s new renewables policy are located in Hokkaido, the island accounts for less than 3 percent of the nation’s electricity demand. Experts say Japan will need to act quickly to make sure the power generated in Hokkaido flows to where it is needed. And that means modernizing a grid that currently doesn’t have capacity for all the projects proposed, installing a giant battery—planned to be the world’s largest—to store power when the sun isn’t shining, and ensuring connections so power can flow across the island nation.
Written by Yvonne Chang. To read the full article, click here.
The latest news from Canadian Solar (Nasdaq: CSIQ) and Suntech (NYSE: STP) is casting a shadow over a nascent recovery for the embattled solar sector, as each company struggles to fix its broken finances pummeled by a two-year downturn. Canadian Solar has announced a plan to raise up to $50 million through a stock sale, while domestic media are reporting that bidding for bankrupt Suntech is moving ahead quickly, indicating the end may be near as an independent company for this former solar high-flyer. All this shows that investors shouldn’t get too bullish on solar companies just yet, even as Canadian Solar says it is still on target to post a profit for all of 2013.
Let’s start off with Suntech, which is in the process of a painful reorganization in bankruptcy court. The steady stream of signals coming from the courtroom in the city of Wuxi seem to indicate that Suntech won’t emerge as an independent company after the reorganization, though its brand and operations are likely to survive. That means Suntech shareholders could ultimately find themselves holding worthless stock, which is often the case for companies that undergo this kind of bankruptcy reorganization.
The latest report indicates that rival solar panel maker Yingli (NYSE: YGE) has looked at Suntech’s books and decided to bid for the company’s main manufacturing assets. (Chinese article) According to the report, Yingli is seen as the most likely winner in the current round of bidding, where it is competing with 3 other firms including Trina Solar (NYSE: TSL). Previous reports had indicated that the companies would each bid to become a strategic investor in Suntech’s main assets, which would probably see them take a controlling stake in those assets.
Written by Doug Young. To read the full article, click here.