The Drop
The report, out from Bloomberg, details the responses that the Asia-Pacific region — India, China, and Japan, to be precise — has come up with as a result of the sudden rise in renewable energy development: Auctions. As a result, prices are down 26 percent and efficiency is up. It’s a natural response to a promising new technology, particularly given that the Asia-Pacific region has “attracted the most clean-energy investment since the beginning of 2012” according to new energy data.
The US Is Catching Up
Wind plants in Texas are catching up to their coal-reliant energy counterparts: They just passed up coal plants in power capacity in the state, though they both remain behind natural gas. Meanwhile, the cost for building wind farms offshore has never been lower in the UK: The costs, reach, and market penetration of renewable energy appears to have beaten expectations across the globe. While we’re still a few decades away from Saudi Arabia’s ambitious “mega-cities” being the norm around the world, it’s certainly a future no one would hate to see emerge. When a 155-megawatt wind farm in West Texas began commercial operation this month, it pushed the state’s wind power capacity to more than 20,000 megawatts, surpassing 19,800 megawatts of capacity from coal-fired power plants, according to the Electric Reliability Council of Texas, which oversees 90 percent of the state’s grid.” Read more about the future of renewable energies on TechCo
