Financial advisory and asset management firm Lazard Ltd announced on November 8 the release of its annual in-depth studies comparing the costs of energy from various generation technologies and of energy storage technologies for different applications. Lazard’s latest annual Levelized Cost of Energy Analysis (LCOE 12.0) shows a continued decline in the cost of generating electricity from alternative energy technologies, especially utility-scale solar and wind.
A new study commissioned by and submitted to the Minnesota Commerce Department finds that Minnesota could achieve 10 percent solar energy by 2025 at costs comparable to natural gas generation. The study’s findings also suggest that expected cost reductions for solar, wind and storage could enable Minnesota to achieve 70 percent solar and wind by 2050.
The World Bank Group and the Solar Energy Research Institute of Singapore (SERIS) released the “Where Sun Meets Water: Floating Solar Market Report” with funding provided by the World Bank’s Energy Sector Management Assistance Program (ESMAP) and the Government of Denmark, which is the first in a series of reports on floating solar.
According to latest Middle East Solar Industry Association (MESIA) ‘BIPV in the MENA Region’ report, for the upcoming Big 5 Solar Exhibition, which will run from 26-29 November 2018 at the Dubai World Trade Centre, the construction sector across MENA countries can expect to see an increase in Building Integrated Photovoltaic (BIPV) components as the region strives to achieve decarbonisation targets.
The renewable energy industry created more than 500,000 new jobs globally in 2017, a 5.3 per cent increase from 2016, according to the latest figures released by the International Renewable Energy Agency (IRENA) in the fifth edition report Renewable Energy and Jobs – Annual Review 2018, launched at IRENA’s 15th Council which took place in Abu Dhabi from 8 to 9 May 2018. The report states that the total number of people employed in the sector (including large hydropower) now stands at 10.3 million globally, surpassing the 10 million figure for the first time.