Building solar and wind projects without subsidies is seen by many as the solution to the energy transition. But falling costs can create their own problems, especially without the right regulation and continuing financial support for fossil fuels
For many renewable energy advocates, it’s the Holy Grail: the point where projects can be financed and built without government subsidies. Once that happens, they believe, renewable energy penetration will take off like a rocket, as economics overtakes environmental concern as the reason to invest in clean energy. ...
As the wind blows, the sun shines, and green generation rises, demand is saturated. Market prices fall, but renewables are caught cannibilasing their own investment case. Special report part 1/3
IEA boss Fatih Birol discusses the need and the tools for bettering the business case for renewable energy. Special report part 3/3
Peter Wooders, group director for energy at the International Institute for Sustainable Development (IISD), explains why he is convinced that subsidy swaps are the best way to finance the clean energy transition
Auctions of power purchase contracts as a price-setting mechanism for wind energy are proving to be sharp tools for driving down cost. But sharp tools need handling with care
Denmark’s offshore wind tender model is being looked to as a shining example of how to drive down cost through proactive government action. Others may adopt the market model, too.