Sentences with phrase «much new renewable capacity»

First, the government will announce how much new renewable capacity is to be built.

Not exact matches

According to the Japan Renewable Energy Foundation, only China exceeded Japan over the last 12 months in adding new solar capacity, with much of the new generation coming from rooftop solar systems.

For example, to increase the U.S.'s renewable energy capacity to 17 % would require installing 162,000 megawatts of power — a six-fold increase in our existing capacity.14 This would also require the installation of thousands of miles of new transmission lines from the upper Midwest to the South, costing as much as $ 93 billion and taking decades to complete.15 Given the scope of this task, narrowing policy options to renewable energy alone creates an unnecessary obstacle to a transition to clean energy.

Last year, more than twice as much money was put into new capacity for renewables such as solar and wind power than into new power stations burning fossil fuels, according to a new analysis by the Frankfurt School of Finance and Management.

State renewable portfolio standards require utilities to bring new renewable capacity onto their grids no matter how much it depresses markets, and renewable subsidies further erode electricity prices, especially in Midwestern states where subsidized wind farms bid very low — even negative — prices for their power.

According to Flassbeck, the former Director of Macroeconomics and Development at the UNCTAD in Geneva and a former State Secretary of Finance, a recent period of extremely low solar and wind power generation shows that Germany will never be able to rely on renewable energy, regardless of how much new capacity will be built.