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Wind and solar continue to win the global electricity-cost war

first_imgWind and solar continue to win the global electricity-cost war FacebookTwitterLinkedInEmailPrint分享Bloomberg New Energy Finance:In terms of the long-term trajectory for coal, BloombergNEF has become significantly more bearish than the IEA. Its 2019 New Energy Outlook, or NEO, published in June, saw global coal-fired electricity output peaking as early as 2026, and then declining 4% by 2030 and by as much as 53% by 2050.The other side of the coin in generation during the decade just ending has been the meteoric rise of wind, and particularly solar. Back at the time of the Copenhagen conference at the end of 2009, almost no one would have imagined that solar power – with just 25 gigawatts of capacity operating worldwide at that point, all of it at a significant cost premium to other technologies – would become the most installed generation source of the new decade.However, that is exactly what happened. The report Global Trends in Renewable Energy Investment 2019, published last month by UN Environment Programme and Frankfurt School and based on data and analysis from BNEF, estimated that over the 2010-2019 period, some 638 gigawatts of solar power will have been added, outpacing coal’s 529 gigawatts of net new additions, wind’s 487 gigawatts and gas-fired generation’s 438 gigawatts.That stellar performance by solar has come about, of course, in large part because of cost declines – declines that would also have seemed almost inconceivable 10 years ago. BNEF’s latest Levelized Cost of Electricity Update, covering the second half of 2019 and published last week, showed that the all-in cost of generation for solar photovoltaics without tracking systems has tumbled 83% since 2009, reaching just $51 per megawatt-hour. That is a global benchmark – the levelized cost is even lower in some locations.That new figure, and a closely matched equivalent for onshore wind of $47 per MWh, down 49% over the decade, means that two-thirds of the world population are living in countries where either solar or wind is now the cheapest choice for electricity generation in terms of all-in costs.More: Clean Energy’s Decade Nearly Gone, And Its Decade Aheadlast_img read more

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Flutter appoints Fiona Thorne as Corporate Affairs lead

first_img Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 Flutter Entertainment Plc has confirmed the appointment of Fiona Thorne as new Group Corporate Affairs Director.An expert in corporate communications, agency and stakeholder management for mass-market enterprises, Thorne was the former Director of Corporate Affairs for Gala Coral (2014-2016) prior to its merger with Ladbrokes and subsequent takeover by GVC Holdings.Thorne joins Flutter’s executive leadership team from New York-based global management consultancy and CEO advisory Teneo, where she held the role of Senior Managing Director from 2017 to 2019.Further industry experience has seen Thorne serve as a senior advisor for gambling independent watchdog and standards association The Senet Group.Thorne will lead corporate communications for Flutter Plc, as the FTSE betting group begins a regulatory journey to merge with Toronto TSX rival The Stars Group Inc, seeking to form a new estimated $12 billion enterprise leading all global gambling disciplines.Flutter Entertainment Group CEO Peter Jackson said: “It has never been more important for our business to listen and engage with our peers, our critics and all stakeholders to ensure we participate fully in the conversation about our role as a responsible gambling operator.“We are delighted that Fi has joined us to bring her considerable knowledge and expertise to this work.” ‘Deal maker’ Rafi Ashkenazi ends Flutter tenure  August 27, 2020 Related Articles Share StumbleUpon PokerStars moves to refresh global appeal with ‘I’M IN’ August 18, 2020 Share Submitlast_img read more