BNEF: New Clean Power Capacity Passes New Fossil Fuel Power Capacity… Never Turning Back

[ScienceRocks]

BNEF: New Clean Power Capacity Passes New Fossil Fuel Power Capacity… Never Turning Back
BNEF New Clean Power Capacity Passes New Fossil Fuel Power Capacity... Never Turning Back CleanTechnica

Clean energy has overtaken fossil fuels in terms of annual electricity generation capacity additions — with more renewable energy capacity now being added globally than coal + natural gas + oil combined.

And, perhaps more importantly than that simple proclamation, there’s now no going back. That’s the case made Bloomberg New Energy Finance (BNEF) founder Michael Liebreich at the recent BNEF summit, “The Future of Energy Summit 2015,” and subsequently by Bloomberg.

This major shift started occurring to a notable degree back in 2013 when 143 gigawatts (GW) of new renewable energy capacity and nuclear energy capacity (a very slight amount, which is being counted as “clean”) was added, as stacked against 141 GW of new fossil-fuel-fired power plants.

This shift is set to continue accelerating according to the recent BNEF analysis — with the prediction that by 2030 over 4 times as much renewable capacity will be installed annually as fossil-fuel-fired project capacity.
“The electricity system is shifting to clean,” stated Michael Liebreich during his keynote address. “Despite the change in oil and gas prices, there is going to be a substantial buildout of renewable energy that is likely to be an order of magnitude larger than the buildout of coal and gas.”

Feels pretty good to win!!! Nuclear, solar, wind, geo-thermal and hydro is kick butt.

 

[Toddsterpatriot]

BNEF: New Clean Power Capacity Passes New Fossil Fuel Power Capacity… Never Turning Back
BNEF New Clean Power Capacity Passes New Fossil Fuel Power Capacity... Never Turning Back CleanTechnica

Clean energy has overtaken fossil fuels in terms of annual electricity generation capacity additions — with more renewable energy capacity now being added globally than coal + natural gas + oil combined.

And, perhaps more importantly than that simple proclamation, there’s now no going back. That’s the case made Bloomberg New Energy Finance (BNEF) founder Michael Liebreich at the recent BNEF summit, “The Future of Energy Summit 2015,” and subsequently by Bloomberg.

This major shift started occurring to a notable degree back in 2013 when 143 gigawatts (GW) of new renewable energy capacity and nuclear energy capacity (a very slight amount, which is being counted as “clean”) was added, as stacked against 141 GW of new fossil-fuel-fired power plants.

This shift is set to continue accelerating according to the recent BNEF analysis — with the prediction that by 2030 over 4 times as much renewable capacity will be installed annually as fossil-fuel-fired project capacity.
“The electricity system is shifting to clean,” stated Michael Liebreich during his keynote address. “Despite the change in oil and gas prices, there is going to be a substantial buildout of renewable energy that is likely to be an order of magnitude larger than the buildout of coal and gas.”

Feels pretty good to win!!! Nuclear, solar, wind, geo-thermal and hydro is kick butt.

If all seven projects including the plant in Akita materialize, they will increase the nation’s coal-power generation by up to 7.26 gigawatts by around 2025. That is equivalent to seven medium-size nuclear reactors.

Japan Continues to Re-Embrace Coal - WSJ

What’s a beleaguered utility to do when forced by the government to close its profitable nuclear power plants?
It turns to lignite, a cheap, soft, muddy-brown colored form of sedimentary rock that spews more greenhouse gases than any other fossil fuel.

The result: RWE now generates 52 percent of its power in Germany from lignite, up from 45 percent in 2011. And RWE isn’t alone. Utilities all over Germany have ramped up coal use as the nation has watched the mix of coal-generated electricity rise to 45 percent last year, the highest level since 2007.

Coal Returns to German Utilities Replacing Lost Nuclear - Bloomberg Business

 

[defcon4]

BNEF: New Clean Power Capacity Passes New Fossil Fuel Power Capacity… Never Turning Back
BNEF New Clean Power Capacity Passes New Fossil Fuel Power Capacity... Never Turning Back CleanTechnica

Clean energy has overtaken fossil fuels in terms of annual electricity generation capacity additions — with more renewable energy capacity now being added globally than coal + natural gas + oil combined.

And, perhaps more importantly than that simple proclamation, there’s now no going back. That’s the case made Bloomberg New Energy Finance (BNEF) founder Michael Liebreich at the recent BNEF summit, “The Future of Energy Summit 2015,” and subsequently by Bloomberg.

This major shift started occurring to a notable degree back in 2013 when 143 gigawatts (GW) of new renewable energy capacity and nuclear energy capacity (a very slight amount, which is being counted as “clean”) was added, as stacked against 141 GW of new fossil-fuel-fired power plants.

This shift is set to continue accelerating according to the recent BNEF analysis — with the prediction that by 2030 over 4 times as much renewable capacity will be installed annually as fossil-fuel-fired project capacity.
“The electricity system is shifting to clean,” stated Michael Liebreich during his keynote address. “Despite the change in oil and gas prices, there is going to be a substantial buildout of renewable energy that is likely to be an order of magnitude larger than the buildout of coal and gas.”

Feels pretty good to win!!! Nuclear, solar, wind, geo-thermal and hydro is kick butt.

Why not focusing on combustion engines running on H2O. I am sure the technology is already worked out for the hot burning of Hydrogen but the patent is bought up and shelved by either the government or some conglomerates.

 

[Mr. H.]

BNEF: New Clean Power Capacity Passes New Fossil Fuel Power Capacity… Never Turning Back
BNEF New Clean Power Capacity Passes New Fossil Fuel Power Capacity... Never Turning Back CleanTechnica

Clean energy has overtaken fossil fuels in terms of annual electricity generation capacity additions — with more renewable energy capacity now being added globally than coal + natural gas + oil combined.

And, perhaps more importantly than that simple proclamation, there’s now no going back. That’s the case made Bloomberg New Energy Finance (BNEF) founder Michael Liebreich at the recent BNEF summit, “The Future of Energy Summit 2015,” and subsequently by Bloomberg.

This major shift started occurring to a notable degree back in 2013 when 143 gigawatts (GW) of new renewable energy capacity and nuclear energy capacity (a very slight amount, which is being counted as “clean”) was added, as stacked against 141 GW of new fossil-fuel-fired power plants.

This shift is set to continue accelerating according to the recent BNEF analysis — with the prediction that by 2030 over 4 times as much renewable capacity will be installed annually as fossil-fuel-fired project capacity.
“The electricity system is shifting to clean,” stated Michael Liebreich during his keynote address. “Despite the change in oil and gas prices, there is going to be a substantial buildout of renewable energy that is likely to be an order of magnitude larger than the buildout of coal and gas.”

Feels pretty good to win!!! Nuclear, solar, wind, geo-thermal and hydro is kick butt.

If all seven projects including the plant in Akita materialize, they will increase the nation’s coal-power generation by up to 7.26 gigawatts by around 2025. That is equivalent to seven medium-size nuclear reactors.

Japan Continues to Re-Embrace Coal - WSJ

What’s a beleaguered utility to do when forced by the government to close its profitable nuclear power plants?
It turns to lignite, a cheap, soft, muddy-brown colored form of sedimentary rock that spews more greenhouse gases than any other fossil fuel.

The result: RWE now generates 52 percent of its power in Germany from lignite, up from 45 percent in 2011. And RWE isn’t alone. Utilities all over Germany have ramped up coal use as the nation has watched the mix of coal-generated electricity rise to 45 percent last year, the highest level since 2007.

Coal Returns to German Utilities Replacing Lost Nuclear - Bloomberg Business

And when this shit hits the fan in the U.S., we will NOT be able to rely on coal in ANY form, thanks to the fucking EPA.

 

[Shrimpbox]

One of the reasons I am all for unsubsidized solar and wind is because the more that is online the less demand there will be for crude and therefore the lower the price of diesel will go, of which shrimp boats use a lot. So when that becomes a significant, reportable factor in the energy market I will believe renewables have grown up.

 

[Old Rocks]

One of the reasons I am all for unsubsidized solar and wind is because the more that is online the less demand there will be for crude and therefore the lower the price of diesel will go, of which shrimp boats use a lot. So when that becomes a significant, reportable factor in the energy market I will believe renewables have grown up.

And, also in Oklahoma, American Electric Power ended up tripling the amount of wind power it had originally sought after seeing how low the bids came in last year.

“Wind was on sale — it was a Blue Light Special,” said Jay Godfrey, managing director of renewable energy for the company. He noted that Oklahoma, unlike many states, did not require utilities to buy power from renewable sources.

“We were doing it because it made sense for our ratepayers,” he said.

According to a study by the investment banking firm Lazard, the cost of utility-scale solar energy is as low as 5.6 cents a kilowatt-hour, and wind is as low as 1.4 cents. In comparison, natural gas comes at 6.1 cents a kilowatt-hour on the low end and coal at 6.6 cents. Without subsidies, the firm’s analysis shows, solar costs about 7.2 cents a kilowatt-hour at the low end, with wind at 3.7 cents.
http://www.nytimes.com/2014/11/24/b...-win-on-price-vs-conventional-fuels.html?_r=1

We are at that point right now.