Monday, September 28, 2020

Phenomenal Milk Tea Shop Set To Make A Splash in Iloilo City

September 24, 2020 – Cooladawson, Philippines’ homegrown and phenomenal milk tea brand, and the first-ever milk tea concept in a pop can and bulb...

Wind and PV power costs fell again in 2018: Irena

Onshore wind and solar PV delivered cost of energy drops of a further 8.5% and 12% respectively in 2018, according to latest data from the International Renewable Energy Agency (Irena).

The fall on 2017’s level means onshore wind projects came in at a globally weighted average of $55/MWh and PV $88/MWh, said Irena, which monitors a database of 17,000 projects in 150 countries.

The further cost declines seen in 2018 – from $60/MWh and $100/MWh in 2017 – were referenced for the first time by Irena director general Adnan Amin in a speech to the Irena Assembly in Abu Dhabi, where he added that the Irena data shows renewable technologies are now “routinely commissioned well within the fossil-fuel power generation range of 5-17 US cents per kWh”.

Amin – who will step down after eight years as director general when his current term ends in April – said renewables’ track record of consistent price reduction had gone hand in hand with the growth of green energy around the world.

As renewable auctions start beating the $30/MWh benchmark, Amin said all commercially-available renewable technologies are on course to be “on par with, or cheaper than, fossil fuels competitors” by 2020, against a background of increased electrification of economies and more corporate sourcing of clean power.

A wind auction result announced yesterday by Saudi Arabia saw the winning project bid-in a price equivalent to $21.20/MWh.

However, Amin added that the stark warnings on emissions delivered last year by the UN climate change panel makes a “rapid and well-managed transition” an urgent necessity.

Irena will choose a successor to Amin at this weekend’s Assembly.

Latest Posts

Belkin debuts the new Soundform True Wireless earbuds in the UAE

Belkin, the division of the connected thing within the Belkin International and Foxconn Interconnect Technology (FIT) entity, has introduced the SOUNDFORM True Wireless Earbuds, the...

Emirates’ permanent humanitarian commitment Nabil Sultan (left), Emirates’ divisional senior vice-president of cargo, and Giuseppe Saba, CEO of…

www.transportjournal.com is protected by Imunify360 We have noticed an unusual activity from your IP 160.153.147.159...

Dubai Health Authority starts up new cost system for private insurers

WAM The Dubai Health Authority will start using Diagnostic-Related Groups (DRG) in all hospitals to help insurance companies categorise costs. ...

Besix JV to start production at RDF plant in Umm Al Quwain

Emirates RDF, a partnership between leading water treatment expert Besix, Finnish group Griffin Refineries and Ajman-based Tech Group Eco, has announced that it is...

Don't Miss

Site Document Controller – Vancouver Interiors LLC – Dubai

Site Document Controller - Dubai - Indeed.ae"),r.close()),!r)throw Error("base not supported");var a=r.createElement("base");a.href=n,r.getElementsByTagName("head").appendChild(a);var i=r.createElement("a");return i.href=t,i.href}finally{e&&e.parentNode.removeChild(e)}}());var l=i(t||""),f=function(){if(!("defineProperties"in Object))return!1;try{var e={};return Object.defineProperties(e,{prop:{get:function(){return!0}}}),e.prop}catch(t){return!1}}(),h=f?this:document.createElement("a"),m=new o(l.search?l.search.substring(1):null);return m._url_object=h,Object.defineProperties(h,{href:{get:function(){return l.href},set:function(e){l.href=e,r(),u()},enumerable:!0,configurable:!0},origin:{get:function(){return"origin"in l?l.origin:this.protocol+"//"+this.host},enumerable:!0,configurable:!0},protocol:{get:function(){return l.protocol},set:function(e){l.protocol=e},enumerable:!0,configurable:!0},username:{get:function(){return l.username},set:function(e){l.username=e},enumerable:!0,configurable:!0},password:{get:function(){return l.password},set:function(e){l.password=e},enumerable:!0,configurable:!0},host:{get:function(){var...

Ski Dubai Hosts Inaugural DXB Snow Week In Collaboration With Dubai Sports Council

Ski Dubai has hosted a series of events in collaboration with Dubai Sports Council as part of the inaugural DXB Snow Week. The weekend’s...

UAE Central Bank’s foreign currency reserves hit $96.40bln in July

UAE -   The total foreign-currency assets of the Central Bank of the UAE (CBUAE) declined by 4% or AED 3.1 billion to AED 353.8 billion in July...

JA Oasis Beach Tower Dubai’s Phoenicia to host charity dinner

Modern Middle Eastern restaurant Phoenicia at JA Oasis Beach Tower Dubai will host a charity dinner later this week to help those across Beirut.The...

Abu DHabi to reopen entertainment centers and gaming halls at 60% capacity

Abu Dhabi DED issues guidelines on the reopening of entertainment centres and gaming halls in AbuDhabi, following the implementation of preventative measures. These locations...

Stay in touch

To be updated with all the latest news, offers and special announcements.

%d bloggers like this: