“Solar prices are tumbling. The “levelised” cost of solar power, which combines capital and operating cost (though does not account for the “system costs” imposed by renewables’ intermittency) has plunged by around 90% since 2010.“ economist.com/finance-and-... from The Economist

As of April 2026, the subcontinent has achieved over 50% of its installed electricity capacity from non-fossil sources — reaching this milestone five years ahead of its 2030 Paris Agreement target. gulfnews.com/world/asia/i...

This is a very interesting short piece that gets to the core issues… open.substack.com/pub/gerardre...

“With the LNG drought pushing up electricity prices and photovoltaics providing a cheaper… alternative, a boom in rooftop solar is far more likely than a return to coal. Don’t look under the ground for the solution to the LNG crisis. The answer is in the skies.” www.bloomberg.com/opinion/arti...

“The main message is that we’re going to get the energy transition forced on us in a very painful way that’s going to happen very quickly.” www.bloomberg.com/graphics/202...

“Compare India today with China at equivalent income levels. In 2012, China had negligible solar, and coal demand showed no signs of slowing. India in 2025 generates 9% of its electricity from solar, uses barely a quarter of the coal per person, and is already approaching its coal generation peak.”

The current energy crisis might globally speed-up the energy transition in an unprecendented reduction in fossil fuel use. In eg India, SE Asia EV for cars and solar + batteries instead of unsteady petrol, gas en coal imports.

the solar and wind buildouts getting stifled, and fighting against electric cars, are how this country is getting left behind, you cannot claim to be capitalist if you and fighting against global market forces

This is the REAL reason Trump hates solar power and wind turbines. Solar and wind power mean energy independence. Which means the oil, gas, and coal industries that fund his regime lose a major part of their market. Fuck the environment. Fuck other countries. Only corporate profits matter.

India was supposed to be a huge new market for LNG (liquefied methane). Much of it from Qatar. We were told it would replace coal. Even before Hormuz sent their LNG prices soaring, India had done the math and is moving to solar, wind and storage. Replacing coal as they go, just not with LNG.

“The jump in renewables is expected to reduce India's dependence on coal as a primary source of electricity generation to 49% by 2035-36, from more than 70% currently, according to the National Generation Adequacy Plan released by the Central Electricity Authority.” www.vccircle.com/indiasolar-t...

“Thanks to .. falling costs, batteries are now seizing the role of last marginal generator… Electricity from a four-hour battery is now cheaper in almost every market that depends on LNG.... Even Saudi Arabia can now provide solar-plus-storage for less than gas.” www.bloomberg.com/opinion/arti...

UK AR7 auction results are out today 🍃⚡ Excellent results with over 8 GW of capacity! The strike price of £91/MWh for England/Wales fixed projects was significantly below the administrative strike price of £113/MWh that so many reported on last year, but was always the upper limit.

Much cheaper than coal. m.economictimes.com/industry/ren...

I want to come back properly on this Economist piece that questions Britain's approach to net zero. It gets three things wrong imo: 1. Ignoring periods of v cheap renewable energy 2. Misdiagnosing the relative costs of renewables 3. Looking backwards, not forwards.

Large chunk of the world won’t care about oil embargoes very soon

Solar panels from $0.1/w ..

I think a big reason prices are so low in SA is that, while the costs of solar and BESS are falling yearly, Chinese manufacturers are also just undercutting everyone else in open/no tariff markets—see the two SA BESS systems that were priced at ~72/kWh: www.linkedin.com/posts/mlkubi...

Saudi Arabia is installing solar for 1.4 cents per kWh and is on pace for a 50% renewables electricity grid by 2030 In CT our standard offer rate is 9.7 cents per kWh for supply. Obviously we aren't a desert but it seems pretty feasible we can do a lot better than Natural Gas Ned is planning for

Sunny deals: Solar prices shine! #finsky

Desalination seems to currently use about 3 kWH per cubic meter, so at these prices, the water needed to grow a pound of almonds would cost you around $0.30

Yesterday the Saudi Government’s Renewables procurement body signed 7 agreements for PPAs with ACWA relating to 15 GW of solar power, the largest single deal that has been signed to date and significantly boosting the Kingdom’s plans to decarbonise its electricity grid by 2030. on.ft.com/4eSvrYa

Sorry to wade into the air con wars again, but... I spoke to @jim.londoncentric.media last week about why more homes in London don't have air con. The bottom line is: air con in Britain is almost always a heat pump, and heat pumps are good for the climate www.londoncentric.media/p/why-london...

“The UK’s sea level is rising faster than the global average and at an accelerating rate… Sea levels have risen by 13.4cm in the UK since 1993, compared with a global average of 10.6cm, according to the annual state of the UK climate report published on Monday.” on.ft.com/4lzrgmM

“..the unlevered after-tax IRRs of TEF .gas.. power projects have unlevered after-tax IRRs of 3%-28%, a sharp drop from pre-2025 levels as capital costs have surged by as much as threefold.“ www.enverus.com/newsroom/str...

"In a ... hint of past financial turmoil, mortgage defaults begin to rise, along with ... credit card delinquencies. But this time, it’s different. Unlike other financial disasters, the underlying cause of this one is not financial, it is physical, and it is not clear how it will ever end."

This is thought provoking from the FT. It’s already clear (as I have previously discussed in this stream) that insurance companies are raising premiums and withdrawing cover for housing in some US states given the frequency and intensity of wildfires, storms and hurricaines. on.ft.com/46dSz0R

Here’s Prime Minister of Jamaica, Andrew Holness, discussing how solar and batteries can help reduce power prices across the economy www.facebook.com/share/r/16aF...

The fall in price of solar panels and the continued increase in their efficiency has led to a big fall in power generated by solar. The same has been true of batteries. ember-energy.org/latest-insig...

It is certainly true that climate change risks are long-tailed risks. But the market is a discounting mechanism and long term risks are increasingly being reflected in short term profitability via the insurance market. Investors should watch these carefully. www.bloomberg.com/news/newslet...

The big take-way from the crisis is that the drive to shift away from imported hydrocarbons to renewables and batteries was the right strategy on cost and risk grounds.. www.ft.com/content/c139...

Your regular reminder that the output of the French nukes, marvellous as they are, are sensitive to weather conditions www.bloomberg.com/news/article...

We once thought that economic growth in China would led to huge increases in demand for oil as people bought and drove more cars, industry needed more energy and people took more planes to more places.

“..the team also concluded that the enhancement in cooling efficiency extends the operational lifespan of PV panels by over 200% and reduces the levelized cost of electricity by 18%…” www.pv-magazine.com/2025/06/09/n...

“Most of the electricity in India…still comes from coal, one of the dirtiest forms of energy. But coal’s dominance is dropping, going from 60% of installed power capacity 11 years ago to less than 50% today, according to India’s power ministry.” apnews.com/article/clim...

“The plant also pioneers the use of a grid-forming energy storage system capable of autonomously adjusting voltage and frequency during grid fluctuations or outages. www.ess-news.com/2025/06/03/c...

"When a $7,700 high quality EV car emerges, cheaper than a lap-top, a 30kWh mobile storage unit as well.. it is difficult to avoid the idea we have crossed an energy threshold We don't need our spreadsheets on this day to declare [that energy] transition… is real” open.substack.com/pub/harryben...

That's at least 2x as much as I've ever paid for a laptop. But still. How is it even possible to make a whole car for like, 2x the cost of a nice work laptop? How can this car cost the same amount as a nice German adventure bicycle? Is it just mass production and short domestic supply chains?

If affordability trumps climate on your list of priorities then this speaks volumes about the value green economic policies could have to everyone's bottom line. Is Carney paying attention? Viva! #cdnpoli

Great piece on EVs.

You know that it’s serious when a major oil producer is also home to an ambitious renewables company.. www.bloomberg.com/news/article...

An excellent chart to show the extreme overvaluation of Tesla even while its market share craters. Perhaps people thinking having a drug-addled part time CEO who spends more time playing video games than running his car company is the key to success. Good luck with that!

"When a $7,700 high quality EV car emerges, cheaper than a lap-top, a 30kWh mobile storage unit as well.. it is difficult to avoid the idea we have crossed an energy threshold We don't need our spreadsheets on this day to declare [that energy] transition… is real” open.substack.com/pub/harryben...

Congrats everyone: $14 billion in clean-energy projects have been canceled in the US, in this year alone.

India is getting hotter because of climate change. If it solves the air pollution problem it will get even hotter. It heats aircon provided by heat pumps powered by solar economist.com/leaders/2025... from The Economist

« The fossil gradualists insist that moving away from oil, gas, and coal will be slow and painful. Fossil fuels, they argue, are humanity’s greatest discovery. Civilization simply requires barrels of oil and is shaped by legacy energy giants… » open.substack.com/pub/electrot...

Yesterday, sea surface temperatures in the North Atlantic were extraordinary when compared to the average fur 1990-2025. Get ready for a hot summer.., do you have air con ?