Remove Government Remove Natural Gas Remove Solar Power
article thumbnail

Bolivia has high solar power potential but faces challenges scaling up

A Greener Life

The new 100 MW Oruro solar plant is a boost to Bolivia’s energy transition, but there are obstacles to harnessing the radiation potential of its western highlands. Perched at 3,730 metres above sea level in the community of Ancotanga, the Oruro solar power plant is one of the flagship projects in Bolivia’s energy transition.

article thumbnail

Progress Possible at COP 28 Despite Fossil Fuel Industry Deception

Union of Concerned Scientists

The cost of wind and solar power have been falling for over a decade, making them the world’s cheapest source of new electricity. A staggering 99% of coal and 47% of natural gas are priced at less than half their actual cost. According to the International Monetary Fund, globally , fossil fuel subsidies were $5.9

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Good News—and Bad—about Fossil Fuel Power Plants in 2023 

Union of Concerned Scientists

Solar power is expected to make up about half of all additions of US electric generating capacity in 2023, according to data from the US Energy Information Administration (EIA). gigawatts (GW) of planned solar projects expected to come online this year is almost double the previous 13.4 Solar” only includes large-scale solar.

article thumbnail

Why Energy Bills Will Be Even Higher This Winter

Union of Concerned Scientists

These higher costs are being driven by a major overreliance on natural gas, which has sharply spiked in price and is currently the dominant fuel source in the US for both home heating and electricity generation. See my colleague Mike Jacobs’ recent blog for more on LNG exports.) .

article thumbnail

Our Interim Energy Options During the Energy Transition: Natural Gas, Solar Power, WTE?

Vermont Law

Consider natural gas as a source of energy. Compared to coal, natural gas is certainly a. Solar power seems promising, but access to solar power as an energy source can be. Solar power seems promising, but access to solar power as an energy source can be.

article thumbnail

Oil majors are eying up renewable energy projects

A Greener Life

However, in recent years, their economic competitiveness has improved significantly due to government policies and incentives, as well as technological advances. This has incentivized oil and gas majors such as BP, Equinor and Shell to invest in wind power generation. Wind and solar growth. between 2020 and 2030.

article thumbnail

The Carbon Capture Boondoggle Begins To Unwind 

Enviromental Defense

Last week, Capital Power, a major energy company with natural gas, waste heat, wind, solar and, until this week, coal assets, announced that it’s scrapping plans for a $2.6 billion carbon capture facility at its Genesse power plant west of Edmonton. It’s called wind and solar power.