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...

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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…

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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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