In many parts of the world, CO2 emissions are dominated by the electricity generation sector. In order to meet the reductions in CO2 emissions that they agreed to in the 2015 Paris Agreement, nations, regions and municipalities will increasingly need to move away from thermal power plants burning coal, oil, or natural gas. Alternative, renewable energy sources such as wind, solar and biomass are quickly becoming the best option not only for their lower CO2 emissions, but also because their cost structure and price ($/MWhr) often outcompete CO2 emission intensive thermal power plants. Here I plan to collect positive news items on the renewable energies front.
Alberta Energy Minister Marg McCuaig-Boyd and Premier Rachel Notley were rightly proud to announce the results of their call for bids for the generation of wind power in the Canadian province of Alberta. The total of 595 MW consists in four individual projects of 201 MW, 248 MW, 115 MW and 31 MW. What impressed me the most in this announcement is the very low 20-year price of 3.7 cents a kilowatt-hour, which is competitive with the price of natural gas-fired generation facilities. More details on this story here.