NewEnergyNews More: The Phase Change To New Energy Is At Hand

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  • Monday, June 13, 2016

    The Phase Change To New Energy Is At Hand

    Renewable Energy Is Now Inevitable, Energy Secretary Says, Citing Price

    Jeff McMahon, June 3, 2016 (Forbes)

    “Climate change may have inspired the clean-energy revolution, but [the plunging prices in solar, wind and efficient innovations like LED lighting have and making it ‘inevitable,’ according to] Secretary of Energy Ernest Moniz…[He added that a ‘phase change’ is coming, after which] clean energy will be the norm…[Indicators he cited include] Power Purchase Agreements (PPAs) in the range of 3¢ to 4¢ per kilowatt hour for wind and solar energy…[putting the levelized cost of energy for wind at] 3.2¢, solar at 4.3¢, natural gas at 5.2¢ and coal at 6.5¢…[To describe the inevitability, Secretary Moniz quoted CEO Tom Fanning of notoriously conservative utility Southern Company that it is not possible to ‘keep the waves off the beach…’” click here for more

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