NEW ENERGY AND NATGAS ARE THE U.S. FUTURE

BNEF: Despite bumps, US generation continues transition to renewables, natural gas

Michael Copley, February 5, 2014 (SNL)

“…Between 2007 and 2013, electricity generation from renewable sources, including large-scale hydropower, grew from 8.3% to 12.9% of the total U.S. power load. Gas-fired power plants provided 28% of the country's electricity last year, up from 22% in 2007…Industry leaders said the results show the kind of evolving energy industry that President Barack Obama outlined in his State of the Union address…[W]ithin the narrative BNEF presented are signs of subtler shifts in the evolving industries…[M]oney is focused now on small-scale distributed generation…[and] is funneling into the renewable energy industry from new sources: Public markets are contributing more while venture capital lately has retreated… from the clean energy space…[T]he price of natural gas moving forward [is expected to be] in the $3.50 to $5 range.” click here for more

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