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  • Tuesday, September 19, 2017

    New Energy Ready To Step Up

    Clean Energy Is Approaching a Tipping Point

    Reed Landberg, September 19, 2017 (Bloomberg News)

    “The cost of renewables is plunging faster than forecasters anticipated just a few years ago as technologies like gigantic wind turbines arrive on the market…[Bloomberg New Energy Finance] estimates that clean energy will reap 86 percent of the $10.2 trillion likely to be invested in power generation by 2040…[T]echnology that’s slashing the costs of wind and solar farms makes it inevitable that clean energy will become more economical than fossil fuels for utilities in many places...

    The most visible advance is in the scale of wind turbines…When it started collecting data in earnest in 2004, BNEF already could see a trend toward bigger machines in the wind industry that deliver more spark to the grid. The scale of those turbines will grow…

    The same process of producing more electricity for a lower cost is making photovoltaics cheaper…[Power generation fueled by natural gas and coal…[are increasingly unattractive because new wind and solar are becoming] cheaper than anything else…[A little further off,] it will be more costly to operate existing coal and gas plants than to take power from wind and solar…” click here for more

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