lpetrich
Contributor
Solar and Wind Energy Start to Win on Price vs. Conventional Fuels - NYTimes.com
This is utility-scale solar.
A big problem for wind and solar is that they are not dispatchable -- one has to use it when the wind is blowing and the Sun is not obstructed. The article did not mention the issue of storage, something that will help get around that problem.
Supporters of wind and solar want to keep subsidies and tax credits going for them, but I think that they ought to accept eventually phasing them out. That will put them in a much better position to attack fossil-fuel subsidies.
From a study by investment banking firm Lazard:The cost of providing electricity from wind and solar power plants has plummeted over the last five years, so much so that in some markets renewable generation is now cheaper than coal or natural gas.
Utility executives say the trend has accelerated this year, with several companies signing contracts, known as power purchase agreements, for solar or wind at prices below that of natural gas, especially in the Great Plains and Southwest, where wind and sunlight are abundant.
Those prices were made possible by generous subsidies that could soon diminish or expire, but recent analyses show that even without those subsidies, alternative energies can often compete with traditional sources.
What | Cost (cents/kWh) |
Solar | 5.6 |
Solar (no subsidy) | 7.2 |
Wind | 1.4 |
Wind (no subsidy) | 3.7 |
Natural Gas | 6.1 |
Coal | 6.6 |
A big problem for wind and solar is that they are not dispatchable -- one has to use it when the wind is blowing and the Sun is not obstructed. The article did not mention the issue of storage, something that will help get around that problem.
Supporters of wind and solar want to keep subsidies and tax credits going for them, but I think that they ought to accept eventually phasing them out. That will put them in a much better position to attack fossil-fuel subsidies.