RenewableUK hails growth of wind sector after new half-hourly, daily and weekly power generation records are set over Christmas period A trio of fresh records for wind power generation set over the recent Christmas period reflects the “great success story” of the UK’s wind energy sector over the past 25 years, according to trade body RenewableUK. The latest National Grid figures, released yesterday by the trade body, reveal wind power performed strongly during the Christmas week, with new half-hourly, daily and weekly UK records set on 23, 24 and 25 December. Wind power supplied a new high of 41 per cent of the UK’s electricity needs during a half-hour period on Christmas Day, eclipsing the previous record of 34 per cent set in January 2016, according to the data. And, during those 30 minutes, 47 per cent of the UK”s electricity came from renewable sources.
Business Green 4th Jan 2017 read more »
The renewable energy future will arrive when installing new solar panels is cheaper than a comparable investment in coal, natural gas or other options. If you ask the World Economic Forum (WEF), the day has arrived. Solar and wind is now the same price or cheaper than new fossil fuel capacity in more than 30 countries, the WEF reported in December. As prices for solar and wind power continue their precipitous fall, two-thirds of all nations will reach the point known as “grid parity” within a few years, even without subsidies. “Renewable energy has reached a tipping point,” Michael Drexler, who leads infrastructure and development investing at the WEF, said in a statement. “It is not only a commercially viable option, but an outright compelling investment opportunity with long-term, stable, inflation-protected returns.”
Quartz 26th Dec 2016 read more »