New global costs report confirms new renewables are undercutting existing coal

The cost of electricity from new solar and wind plants is increasingly undercutting the operating costs alone of existing coal‑fired power plants and strengthening the case for their early retirement, a newly released International Renewable Energy Agency (Irena) report confirms. Published on June 22, the ‘Renewable Power Generation Costs 2020’ report states that over 800 GW of existing coal capacity already costs more than new solar photovoltaic (PV) or onshore wind projects commissioned in 2021.
/by

Energy justice a useful metric for shaping broad, effective policies for a just transition

A just energy transition that mitigates the risks and captures the benefits of renewable energy in developing countries can be achieved through a broad policy framework developed using energy justice as a key set of metrics, say development academics University of Hamburg political science professor Franziska Müller and University of Kassel research fellow Manuel Neumann. The ‘Assessing African Energy Transitions: Renewable Energy Policies, Energy Justice, and SDG 7’ research paper explores the limitations of existing energy transition policy frameworks and how these can be augmented to ensure the developmental effectiveness of renewable energy projects and the broader transition to low-carbon and sustainable energy sources.
/by

Scatec says RMIPPPP could ‘revolutionise’ the way power is generated, if successful

The Risk Mitigation Independent Power Producer Procurement Program (RMIPPPP) is a progressive step in South Africa’s energy history and, if successful, could revolutionise the way power is generated and procured in the country, suggests Scatec sub-Saharan Africa GM Jan Fourie. He notes that purely renewables-based projects, like Scatec’, offer economic benefits in that all their costs are embedded in the initial capital expenditure and that no fuel is needed to run the project, meaning that there is no commodity risk and currency risk to government and no carbon tax.
/by

Civil war hardens Ethiopian Nile-dam stance, Sudan Minister says

The carnage of Ethiopia’s civil war is making its rulers less willing to compromise with Sudan and Egypt in a dispute over the imminent filling of its giant Nile dam, a Sudan official said, as his government urges the United Nations to prevent any unilateral move. With Ethiopia embroiled in an eight-month conflict in the Tigray region that’s sparked U.S. sanctions and famine conditions, authorities in the Horn of Africa country are taking a tougher line in foreign policy to bolster their domestic support, said Yasir Abbas, Sudan’s irrigation and water minister.
/by