Cheapest source of Fossil Fuel generation is Double the cost of Utility-scale solar

[abu afak]

AI Overview

Yes, Renewable energy sources like Solar and Wind are generally Cheaper than Fossil Fuels for new electricity generation in many parts of the world. This is due to the rapid decline in costs of renewable technologies and the rising costs of fossil fuels.

Here's a more detailed breakdown:

• Cost Reduction:
  The cost of renewable technologies like solar PV and onshore wind has decreased significantly in recent years. For example, large-scale solar projects have seen costs plummet by 85% in a decade.
• Global Comparison:
  In 2022, the weighted-average cost of electricity from solar PV was USD 0.049/kWh, which is almost one-third Less than the cheapest fossil fuel globally. Onshore wind was at USD 0.033/kWh, slightly less than Half the cost of the cheapest fossil fuel-fired option, according to the International Renewable Energy Agency (IRENA).
• Fossil Fuel Costs:
  While the cost of fossil fuels can vary, their costs have generally been rising in recent years.
• Technological Advancements:
  Improvements in renewable energy technologies, combined with increasing production and supportive government policies, have contributed to the cost reductions.
• Learning Curves:
  Renewables are also benefiting from "learning curves," where the cost of a technology declines with each doubling of its cumulative deployment, according to Canary Media.

 

[Toddsterpatriot]

AI Overview

Yes, Renewable energy sources like Solar and Wind are generally Cheaper than Fossil Fuels for new electricity generation in many parts of the world. This is due to the rapid decline in costs of renewable technologies and the rising costs of fossil fuels.

Here's a more detailed breakdown:

• Cost Reduction:
  The cost of renewable technologies like solar PV and onshore wind has decreased significantly in recent years. For example, large-scale solar projects have seen costs plummet by 85% in a decade.
• Global Comparison:
  In 2022, the weighted-average cost of electricity from solar PV was USD 0.049/kWh, which is almost one-third Less than the cheapest fossil fuel globally. Onshore wind was at USD 0.033/kWh, slightly less than Half the cost of the cheapest fossil fuel-fired option, according to the International Renewable Energy Agency (IRENA).
• Fossil Fuel Costs:
  While the cost of fossil fuels can vary, their costs have generally been rising in recent years.
• Technological Advancements:
  Improvements in renewable energy technologies, combined with increasing production and supportive government policies, have contributed to the cost reductions.
• Learning Curves:
  Renewables are also benefiting from "learning curves," where the cost of a technology declines with each doubling of its cumulative deployment, according to Canary Media.

If you don't need 24/7 power, they are useful and better than nothing.

For a place with 24/7 power needs, they're more expensive and less reliable.

 

[abu afak]

Some of the trolls here don't understand Storage tech is growing almost as fast as Solar itself in efficiencies and cost cutting.

They also don't realize their responses are just an excuse for me to bump my threads to the top.
My Bitches.
See you again when/if this slides down the board.

A Weak/Token/Toadster opponent is better than a weak supporter.

`

 

[Toddsterpatriot]

[size]Some of the trolls here don't understand Storage tech is growing almost as fast as Solar itself in efficiencies and cost cutting.

They also don't realize their responses are just an excuse for me to bump my threads to the top.
My Bitches.
`

Bumping your thread by pointing out your idiocy.

I can see why you like it.

 

[Old Rocks]

Great! We do not need to subsidize it anymore!

And we don't need to subsidizer fossil fuels anymore, either.

 

[Old Rocks]

The problem is that even if I believed this, we do not have the Transmission, Substation and Distribution capacity to deal with all the solar coming online now, never mind if the amount of renewable distributed generation increases.

I say this as someone who works for a large-scale private electric utility company in the Northeast of the United States.

OK, if that is the case, why should we build anymore fossil fuel generation? In the meantime, 90% of new generation in the US was renewables in 2024;

Renewables provided 90% of new US capacity in 2024 – FERC

Renewables accounted for more than 90% of total US electrical generating capacity added in 2024, according to new FERC data.

electrek.co

 

[initforme]

Alot of my neighbors have solar panels o. Their roofs. They said it took about 4 years to pay for themselves and now their bills are considerably lower. I think there is benefits for individual house holds.

 

[Old Rocks]

Some of the trolls here don't understand Storage tech is growing almost as fast as Solar itself in efficiencies and cost cutting.

They also don't realize their responses are just an excuse for me to bump my threads to the top.
My Bitches.
See you again when/if this slides down the board.

A Weak/Token/Toadster opponent is better than a weak supporter.

`

Not only storage capacity, but ways of storage. Some EV's are now capable of feeding power back onto the grid when demanded. You add that to residential batteries, that the availability of energy for the high use periods is vastly increased.

 

[Old Rocks]

If you don't need 24/7 power, they are useful and better than nothing.

For a place with 24/7 power needs, they're more expensive and less reliable.

BS. With storage, batteries, pumped hydro, ect. renewables are 24/7, and create a far more stable and robust grid than fossil fuel generation.

 

[initforme]

This admin should include massive tax breaks for individual home solar panel installation, but that would mean helping the average american, which neither party gives 2 cents about.

 

[Toddsterpatriot]

And we don't need to subsidizer fossil fuels anymore, either.

Which specific fossil fuel subsidies should we eliminate?
How much does each cost?

 

[Toddsterpatriot]

OK, if that is the case, why should we build anymore fossil fuel generation? In the meantime, 90% of new generation in the US was renewables in 2024;

Renewables provided 90% of new US capacity in 2024 – FERC

Renewables accounted for more than 90% of total US electrical generating capacity added in 2024, according to new FERC data.

electrek.co

OK, if that is the case, why should we build anymore fossil fuel generation?

We need something reliable to provide backup for the more expensive,
much less reliable "green energy" we're wasting billions on.

 

[Toddsterpatriot]

Not only storage capacity, but ways of storage. Some EV's are now capable of feeding power back onto the grid when demanded. You add that to residential batteries, that the availability of energy for the high use periods is vastly increased.

Some EV's are now capable of feeding power back onto the grid when demanded.

That's an awesome idea!
When you get up in the morning and find your EV is drained because the wind
was too slow last night to power the grid.
DURR

 

[Toddsterpatriot]

BS. With storage, batteries, pumped hydro, ect. renewables are 24/7, and create a far more stable and robust grid than fossil fuel generation.

With storage, batteries, pumped hydro, ect. renewables are 24/7

How many trillions worth of storage, batteries, pumped hydro, etc. will
it take to power Chicago during a cold February?

 

[ding]

Some EV's are now capable of feeding power back onto the grid when demanded.

That's an awesome idea!
When you get up in the morning and find your EV is drained because the wind
was too slow last night to power the grid.
DURR

I can't wait for the predictable surprises and the finger pointing.

 

[Toddsterpatriot]

This admin should include massive tax breaks for individual home solar panel installation, but that would mean helping the average american, which neither party gives 2 cents about.

Should the federal government pay for rooftop solar for me in Chicago?

 

[ding]

This admin should include massive tax breaks for individual home solar panel installation, but that would mean helping the average american, which neither party gives 2 cents about.

Do you have solar panels now?

 

[Toddsterpatriot]

I can't wait for the predictable surprises and the finger pointing.

What's the total energy loss for this moronic idea?

 

[ding]

What's the total energy loss for this moronic idea?

No idea.

 

[initforme]

Should the federal government pay for rooftop solar for me in Chicago?

So you're against a tax break for people who install solar panels? Why?