Old Rocks
Diamond Member
Investors are the indicator of what to expect in the future. Without investment, businesses dry up and die. What we are seeing now is the transfer of money from fossil fuels to renewables.
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Yes, they will continue. For the renewables will continue to decrease in price, as the fossil fuel and nuclear generation continues to increase in price. And the rise of grid scale storage will make renewables 24/7. Even without subsidies, renewables are cheaper right now than fossil fuel and nuclear generation.
Levelized Cost of Energy 2017
When I post, I research.
Investors are the indicator of what to expect in the future. Without investment, businesses dry up and die. What we are seeing now is the transfer of money from fossil fuels to renewables.
Yet even after the massive support by a corrupt central government, renewables still make up a small percentage. Why?Yes, they will continue. For the renewables will continue to decrease in price, as the fossil fuel and nuclear generation continues to increase in price. And the rise of grid scale storage will make renewables 24/7. Even without subsidies, renewables are cheaper right now than fossil fuel and nuclear generation.
Levelized Cost of Energy 2017
When I post, I research.
Yet even after the massive support by a corrupt central government, renewables still make up a small percentage. Why?Yes, they will continue. For the renewables will continue to decrease in price, as the fossil fuel and nuclear generation continues to increase in price. And the rise of grid scale storage will make renewables 24/7. Even without subsidies, renewables are cheaper right now than fossil fuel and nuclear generation.
Levelized Cost of Energy 2017
When I post, I research.
Renewable Energy Was 16.9 Percent of US Electric Generation in the First Half of 2016
Washington DC – Setting a new annual record, renewable sources (i.e., biomass, geothermal, hydropower, solar, wind) accounted for almost two-thirds (63.85 percent) of the 16,485 MW of new electrical generation placed in service in the US during calendar year 2015.
According to the just-released latest monthly "Energy Infrastructure Update" report from the Federal Energy Regulatory Commission's (FERC) Office of Energy Projects, 69 new "units" of wind accounted for 7,977 MW of new generating capacity – or nearly half (48.39 percent) of all new capacity for the year. That is one third more than the 5,942 MW of new capacity provided by 50 units of natural gas.
Among the other renewable sources, solar placed second with 2,042 MW (238 units) followed by biomass with 305 MW (26 units), hydropower with 153 MW (21 units), and geothermal steam with 48 MW (2 units).
FERC reported no new capacity at all for the year from nuclear power and just 15 MW from ten units of oil and only 3 MW from a single new unit of coal. Thus, new capacity from renewable energy sources during 2015 (10,525 MW) is more than 700 times greater than that from oil and over 3,500 times greater than that from coal.
Renewable Energy Was 16.9 Percent of US Electric Generation in the First Half of 2016
And it continues to increase.