News

Nadeau: Green energy still has competitive edge

Published

October 2, 2015

Comments

comments icon

0

Share

Published:

October 2, 2015

Comments:

comments icon

0

Share

Renewables are still competitive despite low oil prices, and they can be key for access to electricity in poor areas, Marie-José Nadeau, chairwoman of the World Energy Council, told Anadolu Agency’s Energy Terminal on the first day of October.

The drop in prices of crude has caused some minor energy companies to halt their investments in renewables and continue the use of oil. Speaking to Anadolu Agency on the sidelines of G20 Energy Ministers Meeting in Istanbul, Nadeau said that renewables have become an increasingly acceptable alternative energy source which can compete against conventional fuels like gas given that the cost of solar and wind energy has come down.

She added that the key solution for access to modern electricity for almost 1.1 billion people, the majority of which reside in Africa, is in renewables. She explained that electricity generated by solar panels, with prices that are now more attractive, can be added to centralized mini grids along with power from wind turbines. Another solution could be through the introduction of a strong regulatory system to allow for the extension of grids from one country to another providing regular predictable electricity flow, she said. Additionally, hydroelectric resources could be developed but this would need huge investments backed up by very strong regulatory regimes.

Nadaeu also said the upcoming 23rd World Energy Congress, which will be held in Istanbul next year, will provide an opportunity to address the implementation of the decisions that will be taken in the Paris, COP 21 in December.

Related Articles

Romania-ambitious energy storage plans 5 GW by end 2026

Romania’s ambitious energy storage plans: 5 GW by end-2026

18 July 2024 - These ambitious energy storage targets are aligned with transmission system operator Transelectrica’s recommendations and analyses

ems serbia grid connection wind solar

Serbia opens new round of grid connection applications for wind, solar

17 July 2024 - TSO EMS has announced that September 1 would mark the start of the new interval for the preparation of studies for the grid connection

Trafigura Romanian renewables solar power Nala

Trafigura enters Romanian renewables market via solar power project purchase

17 July 2024 - Trafigura's subsidiary Nala Renewables bought a ready-to-build PV project of 61 MW in Romania with an option to integrate battery storage

western balkans wind solar investments study

Western Balkans have as many prospective solar, wind projects as Germany

17 July 2024 - Prospective utility-scale solar and wind capacity amounts to 23 GW or 70% more than a year ago, according to the latest study