January 2 NEC Energy News
¶ “The Rise Of Renewables Is A Reason To Be Hopeful In 2024” • Recently, Canary Media asked six of its regular contributors to talk about something that gives then hope for 2024. Eric Wesoff pointed out that BloombergNEF’s now forecasts 413 GW of solar power capacity will be installed worldwide in 2023. That’s up from 260 GW in 2022. [CleanTechnica]
¶ “Nuclear Expert Blasts NuScale Amid Investor Suit Arising From Cancelled Idaho Project” • Hagens Berman urges NuScale Power Corporation investors who suffered big losses to submit losses now. Nuclear expert Mycle Schneider pointed out that NuScale promised in 2008 to have a reactor running in 2015, but it has not started construction. [GlobeNewswire]
¶ “China Three Gorges Commissions 3.48-GW Of New Solar Capacity” • Three Gorges Energy switched on 3.48 GW of solar in the final week of December. One of the PV facilities, which is near Golmud in Qinghai province, has a capacity of 900 MW. Another, with 200 MW of concentrated solar power is part of a 100-GW wind-PV project. [PV Magazine]
¶ “China’s BYD Closer To Taking Tesla’s Electric Car Top Spot” • The Chinese company BYD has moved a step closer to toppling Elon Musk’s Tesla as the world’s biggest-selling manufacturer of electric vehicles. The firm announced that it had sold a record 526,000 battery-only EVs in the last three months of 2023. Tesla is about to release sales data. [BBC]
¶ “Egypt And China Electric Power Initiate Preliminary Studies For Ambitious 10-GW Solar Energy Project” • Egypt signed a memorandum of understanding with a Chinese firm to begin preliminary studies for a groundbreaking 10-GW solar energy project. The solar project aims to save roughly $1 billion per year in natural gas costs. [SolarQuarter]
¶ “Wind And Solar Power Provide More Electricity Than Coal In The USA” • Those who love to hate EVs are fond of saying that they are powered by coal. A decade or two ago that was much more likely to be the case. Today, coal has shrunk enormously as a US electricity source, and it doesn’t even provide as much as solar and wind power together. [CleanTechnica]
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