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jpak

(41,758 posts)
Fri Aug 24, 2018, 12:35 PM Aug 2018

New wind and solar cheaper than existing coal and gas

https://www.windpowermonthly.com/article/1491146/new-wind-solar-cheaper-existing-coal-gas

The cost of generating electricity from both coal and gas has surged since the start of 2017, while wind and solar PV prices have been steadily declining, analysts at climate think tank Sandbag stated.

It comes as the European carbon price exceeded €20/tonne for the first time since 2008, reaching €20.42/tonne at market close on 23 August.

In the most recent German onshore auction, concluded earlier in August, the lowest bids were €40/MWh, while the latest solar PV tender in June received low bids of €38.90/MWh.

By comparison, since the start of last year, year-ahead generation costs for coal have risen 72% to €46/MWh, and by 43% to €49/MWh for gas.

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Fred Sanders

(23,946 posts)
1. Carbon tax working exactly as intended, to transfer power generation smoothly to non-fossil,
Fri Aug 24, 2018, 12:40 PM
Aug 2018

letting industry and commerce and the profit motive do the heavy lifting.

But in America...the stupid is dangerous.

FBaggins

(26,737 posts)
3. May have to hold that argument in your pocket for a bit
Sat Aug 25, 2018, 12:22 PM
Aug 2018

Carbon emissions in the US have been falling while those in the EU have been rising.

progree

(10,907 posts)
5. European Renewables Are Up. So Are Carbon Emissions, GreenTech Media, 5/14/18
Sat Aug 25, 2018, 01:24 PM
Aug 2018
https://www.greentechmedia.com/articles/read/european-renewables-are-up-so-are-carbon-emissions#gs.YHaILKM

European Union carbon emissions grew 1.8 percent in 2017 despite a 25 percent increase in wind power and 6 percent growth in solar, figures show. The European statistics body Eurostat this month reported that carbon dioxide emissions rose last year in a majority of EU member states

...

The net rise in emissions, attributed to economic growth across much of the EU, illustrated how hard it will be for the bloc to achieve its target of cutting carbon to 40 percent below 1990 levels in 2030 and progressing to 60 percent by 2040.

Last year saw EU member states adding a record 15.6 gigawatts of wind power and 340 megawatts (( 0.340 gigawatts )) of solar. Wind represented 55.2 percent of all new power generation installed in 2017, with solar making up a further 21.3 percent ((math??)).

In contrast, new gas plants accounted for just 9.2 percent of capacity additions, and coal was a further 6.1 percent..

NickB79

(19,243 posts)
2. Europe doesn't have cheap fracked gas though
Fri Aug 24, 2018, 04:49 PM
Aug 2018

They get gas primarily from the North Sea and Russia, making it more expensive.

Thankfully they've been smart enough to mostly ban the practice.

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