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IRENA reports 22% lower LCOE of geothermal power in 2022

ThinkGeoEnergy

Between 2021 and 2022, the global weighted average levelized cost of electricity (LCOE) of ten newly commissioned geothermal projects fell by 22% to USD 0.056 kWh. This statistic was reported by the International Renewable Energy Agency (IRENA) in their newly published document, “Renewable Power Generation Costs in 2022.”

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Renewable power plants need better planning and design

Renewable Energy World

Op-ed submitted by Jared Green 33% of all electricity generation worldwide is from renewable sources. Over the past decade, $3 trillion has been invested in clean power worldwide. The world will need thousands of new solar, wind, and geothermal power plants. If we are going to keep warming below 1.5 degrees Celsius (2.7

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MIGA, World Bank increases insurance coverage for Tulu Moye geothermal, Ethiopia

ThinkGeoEnergy

The Multilateral Investment Guarantee Agency of the World Bank (MIGA) has increased the guarantees issued to Tulu Moye SAS of France covering its equity and quasi-equity investments in Tulu Moye Geothermal Operations Plc of the Federal Democratic Republic of Ethiopia. The original guarantees of $67.5 million over the original amount.

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The Fight to Define ‘Green Hydrogen’ Could Determine America’s Emissions Future

DeSmogBlog

The tax credit is designed to reduce the cost of a carbon-free method that requires only electricity, water, and a machine called an electrolyzer. The question for the Treasury is how to measure the emissions from the electricity used. electricity still comes from fossil fuels. electricity still comes from fossil fuels.

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Solar, Wind Tax Credit Extensions and Energy R&D Package in Spending Bill Before Congress

GreenTechMedia

Wind power will also benefit from the tax extensions provided for in the bill. The Production Tax Credit for wind power projects, usually claimed by onshore developers, will remain at 60 percent for projects that begin construction by the end of 2021, rather than being reduced to 40 percent as called for in previous law.

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