14 Nov '17, 1pm

Renewables deployment creates opportunities for hydro

Renewables deployment creates opportunities for hydro

Renewable sources are already cheaper than new gas or coal plants, according to a study by Bloomberg New Energy Finance (BNEF) , and by the end of the next decade they could be cheaper than existing plants. Driven by wind and solar growth, the proportion of electrical energy produced by renewable sources by 2040 could more than double from 2017 levels to 63% in the UK and to 74% in Germany. The falling cost of wind and solar and rising cost of gas and coal, according to projections from Bloomberg New Energy Finance's 2017 New Energy Outlook (click to enlarge) The increased amount of renewables would cause greater volatility in the power system, creating a challenge for inflexible ‘baseload’ generators such as coal, nuclear and lignite. But this could create opportunities for flexible sources such as energy storage and demand response technologies, such as electric vehicle ...

Full article: https://www.windpowermonthly.com/article/1450065/renewabl...

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