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Friday, 31 January 20
EIA EXPECTS U.S. ELECTRICITY GENERATION FROM RENEWABLES TO SOON SURPASS NUCLEAR AND COAL
 In the latest long-term projections, the U.S Energy Information Administration (EIA) projects electricity generation from renewable sources such as wind and solar to surpass nuclear and coal by 2021 and to surpass natural gas in 2045. In the Annual Energy Outlook 2020 (AEO2020) Reference case, the share of renewables in the U.S. electricity generation mix increases from 19% in 2019 to 38% in 2050.
Most of the growth in renewable electricity generation is attributed to wind and solar, which account for about half of renewable generation today. In EIA’s AEO2020 Reference case, these technologies account for nearly 80% of the renewable total in 2050. New wind capacity additions continue at much lower levels after production tax credits expire in the early 2020s.
In AEO2020, growth in solar photovoltaic (PV) capacity continues through 2050 for both utility-scale and small-scale applications because of declining PV costs throughout the projection period. Conventional hydroelectric generation remains relatively unchanged in absolute terms and becomes a smaller portion of the generation mix as other sources of electricity generation increase.
Alternative scenarios in AEO2020 examine the sensitivity of results to changes in the costs of renewables and the availability of oil and natural gas resources. Even in the High Oil and Gas Supply (where natural gas prices remain lower than in the Reference case) and High Renewables Cost cases, renewable generation nearly doubles from current levels by 2050.
The High and Low Renewables Cost cases evaluate the effects of changing cost assumptions for constructing and operating renewable energy power plants. In all AEO2020 scenarios, experience-based factors (such as learning-by-doing) contribute to lower capital costs over time.
For the Low Renewables Cost case, EIA assumed learning rates for renewable technologies that result in overnight capital costs that, by 2050, are 40% lower than the Reference case assumptions for each renewable technology (including those in the end-use sectors, such as small-scale solar PV). For the High Renewables Cost case, EIA assumed the overnight capital cost for all renewable technologies are held constant at the 2019 level through 2050.
Renewable generation grows in all regions of the United States in all AEO2020 scenarios, but the preferred technology type depends on the availability of renewable energy resources. Wind-powered generation grows the most in the West and Mid-Continent regions, and solar-powered generation grows the most in the Southeast. Offshore wind is only built off the coast of the Northeast and the PJM Interconnection.
Source: EIA
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Wednesday, 09 September 20
MARKET INSIGHT - INTERMODAL
The uneventful summer lull which is coming to an end soon has left its stigma on the newbuilding market, which has already been devastated by the g ...
Saturday, 05 September 20
INDIA WON'T KICK ITS COAL HABIT SO EASILY - HINDU BUSINESS LINE
India has traditionally considered itself lucky to have been endowed with abundant coal reserves, which it has sought to use to meet its energy nee ...
Saturday, 05 September 20
FINANCING COMPLETE FOR 900MW FIFTH PHASE OF MASSIVE DUBAI SOLAR PARK: ARABIAN BUSINESS
Saudi-based ACWA Power on Thursday announced it has completed the signing of all financing agreements for the fifth phase of the Mohammed bin Rashi ...
Saturday, 05 September 20
POLISH COAL DEMAND EXPECTED TO FALL BY 7 MLN TONNES NEXT YEAR: MINISTER - REUTERS
Poland’s demand for coal is expected to fall by around 7 million tonnes next year, or more than 10% of annual hard coal production, after a d ...
Saturday, 05 September 20
PAKISTAN'S NEW 27-YEAR POWER PLAN RISKS LOCKING IN LONG-TERM OVERCAPACITY, LEAVING IMPORTED COAL AND LNG PLANTS STRANDED - IEEFA
Wind and solar, the country’s cheapest source of new generation, also overlooked
Pakistan risks locking itself into building m ...
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- Indika Energy - Indonesia
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- Miang Besar Coal Terminal - Indonesia
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- The University of Queensland
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- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
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- Ministry of Transport, Egypt
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- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Romanian Commodities Exchange
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- Australian Coal Association
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- Economic Council, Georgia
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- Parry Sugars Refinery, India
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- LBH Netherlands Bv - Netherlands
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Bhushan Steel Limited - India
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- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
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- White Energy Company Limited
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
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- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
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- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
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- Orica Mining Services - Indonesia
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- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
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- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
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- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
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- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
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- VISA Power Limited - India
- Planning Commission, India
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- Interocean Group of Companies - India
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- Cigading International Bulk Terminal - Indonesia
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