Solar power’s leading role in driving the energy transition – and the decarbonization of other sectors required to stave off catastrophic climate change – has once again been highlighted. IRENA has published a study that signals the end times for coal-fired power, thanks to plunging unsubsidized clean power costs, and indicates how cheap renewables can power the electrification needed to reduce carbon emissions.
The cost of renewable energy has tumbled even further over the past year, to the point where almost every source of green energy can now compete on cost with oil, coal and gas-fired power plants, according to new data released today. These fuel types are now able to compete with the cost of developing new power plants based on fossil fuels such as oil and gas.
Power generation capacity in the Philippines based on renewable sources other than hydro is expected to see a double-digit annual growth over the next 12 years, driven by the continued growth in the economy and the population. Investments in renewables were being driven by rising electricity consumption, which is expected to reach 173,000 gigawatt-hours in 2030.
Vietnam has become a hot spot for energy investors eying a spend of up to $150 billion over the coming decade to meet surging power demand, with coal set to dominate despite signs of a government effort to go green. A change of emphasis that began in 2016 with a revised version of PDP 7 has started to embrace cheaper renewable energy, and analysts expect PDP 8 to further adjust policy.
There’s a reason why the 16-year-old Swedish climate activist Greta Thunberg has successfully goaded powerful politicians into long-overdue climate action in just six months. Thunberg has become a moral authority, clearly articulating how adults have shamefully abdicated their basic duties to protect today’s children and future generations from compounding climate catastrophe.
Echoing last year’s findings, a report compiled by five international agencies shows the world is still falling short of the global energy targets enshrined in United Nations Sustainable Development Goals for 2030. The good news is, the number of people without access to electricity continued to shrink as the deployment of off-grid power solutions gathered pace – led by solar.
Cambodia’s electricity demand has been increasing year-on-year since 2010 as rapid development in the country continues, with last year’s growth around 15%. Recent investments and advances in technology indicate that Cambodia may look to tap into its substantial renewable energy potential in the coming decades, but without a clear course of action or specific targets, progress is hampered.
Thailand’s metropolitan and provincial electricity authorities have launched a net metering scheme for residential PV installations with a generation capacity of up to 10 kW. Applications will have to be submitted to the country’s Office of the Energy Regulatory Commission, which will also be the buyer of surplus power produced by rooftop systems.