Showing posts with label market share. Show all posts
Showing posts with label market share. Show all posts

30 June, 2019

The Biggest Offshore Wind Project in the US Is Underway

From the steady growth in market share of electric cars to continuous improvement and expansion of solar energy technology, it appears the world is going renewable—the age of fossil fuels is slowly but surely being left behind. For whatever reason, wind power doesn’t get as much love as solar, but it’s growing quickly, with massive new projects underway in the US, UK, and other parts of the world.
The Biggest Offshore Wind Project in the US Is Underway.
Two recent developments are particularly significant. First, at the beginning of this month, the world’s biggest offshore wind farm came online.

 Hornsea One, located in the North Sea off the coast of Grimsby, England, will have a generating capacity of 1.2 gigawatts when it’s fully completed in 2020. That’s almost double the capacity of the biggest fully-operational offshore farm, the UK’s 659-megawatt Walney Extension.

At 75 miles from shore, Hornsea One is also the farthest away from the land it’s meant to provide power to. At present, 50 of the farm’s 174 turbines are operational. Unlike its not-too-far-away floating neighbours in Scotland’s Hywind farm, Hornsea’s turbines will be anchored to the ocean floor.

Read the SingularityHub story by Vanessa Bates Ramirez - “The Biggest Offshore Wind Project in the US Is Underway.”

15 September, 2017

No country for coal gen – Below 2°C and regulatory risk for US coal power owners

Coal’s market share in the US power mix is being diminished at an unprecedented rate due to fierce competition from cheap gas and renewables. 


Around 30 GW of coal capacity has been retired over the last three years, with coal generation declining by 13% over the same period. 

The economics of US coal power could not be starker: new coal capacity is not remotely competitive, while in the next few years it will be the exception rather than the rule for the operating cost of existing coal to be lower than the levelized cost of new gas and renewables.