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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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Jamia names its sports complex after Tiger Pataudi

first_imgNew Delhi, May 14 (PTI) The Jamia Milia Islamia today named its new sports complex after late Indian cricket captain Mansoor Ali Khan Pataudi and unveiled a pavilion named after former opener Virender Sehwag, who was an alumnus of the university. Pataudis wife and yesteryears actress Sharmila Tagore unveiled a plaque naming the Sports Complex after her late husband, popularly known as Tiger Pataudi, at a function attended by Sehwag, Jamia Vice Chancellor Professor Talat Ahmad and senior faculty members, officials and students of the university. The complex was earlier known as Bhopal Ground as the land on which it is located was donated to the university by Pataudis mother Sajida Sultan, the Begum of Bhopal. Speaking on the occasion, Sharmila said, “I have no doubt Tiger would have said put the sports first and foremost at the centre of every decision you take.” Prof. Talat Ahmad talked about the contribution made by Pataudi to cricket and said he was one of the most successful captain India has seen until now. While expressing his gratitude for the honour, Sehwag who had graduated from the University in 2001-02, remembered his days in the university and asked the students to take interest in sports. Pataudi played in 46 Test matches for India between 1961 and 1975, scoring 2,793 runs at an average of 34.91, including 6 Test centuries. He captained the Indian side in 40 of his 46 matches. His most memorable victories included Indias first ever overseas Test win, against New Zealand in 1968. Sehwag, on the other hand, played his first one-dayer in 1999 and joined the Indian Test Team in 2001. He scored 8586 Test runs, while piling 8273 runs in ODIs. The newly named Sports Complex has indoor games facilities, a cricket ground, football field, basketball and lawn tennis courts. Ranji Trophy matches are a regular feature at the cricket ground. PTI PM PMadvertisementlast_img read more