The subsidy paid to solar is thee most expensive subsidy to ever exist, 50,000 per acre
Horseshit.Price Is No Longer an Obstacle to Clean Power
Peter R. Orszag
Bloomberg
September 22, 2020
Price Is No Longer an Obstacle to Clean Power
(Bloomberg Opinion) -- As the harm from climate change becomes increasingly manifest, there is some good news: The estimated cost of reducing carbon emissions is falling rapidly. One dramatic example is an analysis by Geoffrey Heal of Columbia University showing that it would cost only $6...ca.finance.yahoo.com
"...Geoffrey Heal of Columbia University showing that it would cost only $6 billion a year for the U.S. to move to carbon-free electricity generation by 2050.Even if the precise numbers are off, Heal is right to emphasize that the transition to cleaner energy is much less costly today than it used to be. Three forces are changing the math.First, renewable power costs are dropping so fast, both utility-scale solar and onshore wind power have become cheaper than natural gas or coal power, as Lazard’s levelized-cost-of-energy estimates from 2019 show. As I wrote when these numbers came out, multiple forces have driven costs down, including ongoing improvements in technology and lower capital costs. (In November, Lazard will have updated estimates of the cost of various energy technologies.)Second, the cost of storing renewable energy is also falling. The challenge with wind and solar energy is that they are intermittent, so they require either supplemental conventional power, such as combined-cycle natural gas, or enough storage to smooth the variation relative to demand. As storage becomes more affordable than supplementation, the share of energy production based solely on renewable power can expand......Third, and crucially, many power plants are nearing the end of their useful lives and need to be replaced one way or another. That means the cost of building new facilities is a given, and shouldn’t be counted as a cost of the transition to lower-carbon electricity. ...[......]
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A few trillion here and a few trillion there, pretty soon we’re talking quadrillions.
www.texasmonthly.com
Still no supported climate change anywhere. Pisses you off huh?"...[Texas] produces more wind and solar power today than the next three states (California, Iowa, and Oklahoma) combined, and that lead is growing. Last year Texas added more new renewable power generation than the next five states together. The American Clean Power Association, a trade group representing wind-, solar-, battery-, and hydrogen-energy developers, recently testified that renewables projects have invested $93 billion in Texas during the past couple of decades and generated $684 million combined in lease payments to landowners and taxes to counties and school districts.
One recent estimate found that renewables Lowered the cost of electricity to Texans by $11 billion last year, or $423 for every customer served by the state’s predominant power grid. Over the past five years, Texas has added 2,800 jobs to support wind and solar power generation at the same time that the state has lost 44,000 oil and gas extraction jobs, in part because automation has allowed producers to drill more wells while employing fewer roughnecks.
The abundance of low-cost clean energy—a growing priority for global corporations—has also driven companies to put new facilities in Texas."...:"
The Texas GOP’s War on Renewable Energy
What’s behind the Legislature’s relentless campaign against wind and solar power, which are saving Texans billions?
"...renewables projects have invested $93 billion in Texas during the past couple of decades and generated $684 million combined in lease payments to landowners and taxes to counties and school districts.
What is the change in climate?
who is it cheap for?
Of course, there is a nice synergy there since Wind power increases at night.
It's either Ignorant or Dishonest (like you) to just use one of the Two main renewable sources that in fact COMPLEMENT each other as far as evening out performance.
Livermore Labs:
""..The team found that wind speed and power production varied by season as well as from night to day. Wind speeds were higher at night (more power) than during the day (less power) and higher during the warm season (more power) than in the cool season (less power).".."
Power generation is blowing in the wind
LIVERMORE, Calif. -- By looking at the stability of the atmosphere, wind farm operators could gain greater insight into the amount of power generated at any given time.www.llnl.gov
Looks like another one of you of Idiotic/obsolete Claims/Wise cracks like "$76 Trillion".. and even more knowingly Dishonest.
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Love the elektra who - OOOPS - NOW agrees 100% with THIS thread Title, even though all his friends say the Opposite.. as he has for a Decade.
Here it is, I quoted your post, which I replied to, the post with your link you now claim is mine.
/---/ So, disconnect your house from the grid and put solar panels on your roof. What are you waiting for?Cheapest source of Fossil Fuel Generation is Double the Cost of Utility-scale Solar
Solar levelized cost of electricity (LCOE) has fallen to $29 to $92 per MWh, said a report from Lazard.
June 11, 2024
Lazard released its annual report analyzing levelized cost of electricity (LCOE), a critical measure of cost-efficiency of generation sources across technology types. The report found that onshore wind and utility-scale solar have the lowest LCOE by a large margin.
LCOE measures lifetime costs divided by energy production and calculates the present value of the total cost of building and operating a power plant over an assumed lifetime.
“Despite high end LCOE declines for selected renewable energy technologies, the low ends of our LCOE have increased for the first time ever, driven by the persistence of certain cost pressures (e.g., high interest rates, etc.),” said Lazard. “These two phenomena result in tighter LCOE ranges (offsetting the significant range expansion observed last year) and relatively stable LCOE averages year-over-year.”
Onshore wind ranked as the lowest source of new-build electricity generation, ranging from $27 to $73 per MWh. Utility-scale solar was a close second, ranging $29 to $92 per MWh.
Utility-scale solar has had the most aggressive cost reduction curve of all technologies, falling about 83% since 2009, when new build solar generation had an LCOE of over $350 per MWh.
[.......]
Cheapest source of fossil fuel generation is double the cost of utility-scale solar
Solar levelized cost of electricity (LCOE) has fallen to $29 to $92 per MWh, said a report from Lazard.pv-magazine-usa.com
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