Ah yes, the continued lie that all renewable is more expensive than fossil fuel. Here is a dose of reality for you.
Solar Wind Power Prices Often Lower Than Fossil Fuel Power Prices CleanTechnica
Power purchase agreements (PPAs) are contracts between sellers (wind farms, solar farms, etc.) and buyers (utility companies, large businesses, etc.) in which the seller agrees to provide a fixed amount of electricity per year and the buyer guarantees to pay an agreed upon price. PPAs typically run for 20 to 25 years.
Wind power, on average, sold for
2.5¢ per kilowatt-hour in the US in 2013, when looking at PPA prices (2014 numbers are due to come out this week). That’s the average for all reported PPAs, which means they’re a bit under 4¢ per kilowatt-hour without subsidies. These super-low prices are extremely hard to beat, and demonstrate why so much of the electricity generation capacity added in the past few years has come from wind power plants.
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In New Mexico, in 2013, a
First Solar* power plant
won a PPA with a price of 5.8¢/kWh, while new coal was going for 10–14¢/kWh. That 5.8¢/kWh price doesn’t take into account ~4.7¢/kWh of subsidies, but, again, the coal price doesn’t take into account 9–27¢/kWh in health costs.
In Dubai (in the UAE),
ACWA Power bid just 5.98¢/kWh to provide electricity from a solar power to the Dubai Electricity & Water Authority (DEWA) — without subsidy. That was a world record low bid, but even if ACWA Power didn’t exist, the record would have been broken by the second-lowest bid, which was 6.13¢/kWh and came from Fotowatio Renewables & Saudi Abdul Latif Jameel Energy. Both bids
came well below the average price of electricity from natural gas in the region, 9¢/kWh.
Lastly, while we didn’t get to see any numbers on a Minnesota case, a judge ruled that
a solar power plant there offered a better deal for ratepayers than several competing natural gas power plants.