News

Nadeau: Green energy still has competitive edge

Published

October 2, 2015

Comments

0

Share

Published:

October 2, 2015

Comments:

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 renewables statistically attributed Netherlands

Romania’s renewables can statistically be attributed to Netherlands

28 June 2022 - The EU enables countries to pay other member states to formally make up for shortfalls in achieving own green energy targets

offshore-wind-installation-vessels

EU faces challenges in delivering on ambitious offshore wind target

28 June 2022 - The ambitious target could prove challenging due to expected shortages of specialized offshore wind installation vessels

NASA-fission-nuclear-moon

NASA sets out to develop nuclear power plant on the Moon

28 June 2022 - Success in building such power systems would pave the way for long-term missions on the Moon and Mars, NASA said

EU energy ministers targets renewables energy efficiency

EU energy ministers aiming at more ambitious renewables, energy efficiency targets

28 June 2022 - The Council of the EU wants to boost the renewables and energy savings targets via the Fit-for-55 package, which depends on upcoming talks