Originally posted by Bill Derington:
Mime, it's not a problem if they capture market share because they're more affordable, wind and solar is not anywhere near more affordable, close to a $100 a megawatt for wind
That's a bunch of false. First Wind is rolling out projects for levelized costs of $60/MWh which is on par with, or below, installing new coal capacity. New natural gas capacity is about half of that, ergo the monumental shift to gas turbines over the last 10 years.
Solar companies are selling PPAs to residential consumers for as low a 8 cents per kwh, with the average around 17c. This is absolutely cheaper than Tier 2 and Tier 3 retail prices in half of the US which are sometimes north of 20c. That's why solar is grabbing market share. Plus both commercial and residential solar customers can lock in extremely low (1%) to zero rate escalators (below expected inflation) when agreeing to 20 year+ contracts. A great deal when you consider conventional energy prices have risen 50% in the last 10 years alone, and are expected to increase 5% per year over the next two decades.
Hell, wind PPA rates are
as low as 2.5c per kwh.
In short, yes, in many parts of the US, solar and wind are absolutely viable options and on par with higher tier rates from conventional power sources. Renewables will continue to push closer to total grid parity as larger players, and our smart energy infrastructure, continue to scale.
Originally posted by Bill Derington:
not to mention the lack of reliability.
Intermittence issues are being answered with storage. Utility storage costs for solar using batteries are about 22c per kWh, down from ~ 50c/kWh 10 years ago, and is expected to be 5c per kWh by 2030 (on par with pumped water storage costs).
Originally posted by Bill Derington:
It's all shell game, and we're paying for it.
That doesn't make any sense. But if we're talking cost, we're also paying for the total costs of continuing with conventional energy/fuel sources through increased health and environmental problems and energy security issues.
Originally posted by Bill Derington:
What does a climatologist make mime? Would there be more money available in times of chaos or hohum everything's fine?
There would be MUCH more money for scientists to confirm the hopes of the fossil fuel industries that the extraction, processing and combustion of oil/gas/coal have little to impact on our climate. Work for a conservative think tank, get funded by Chevron and the Koch Foundation then retire at 55. Climatologists funded by public grants don't make dick.
Originally posted by Bill Derington:
The emerging market of green energy demands temps increase, because if they aren't why are we spending ridiculous amounts of money on it, right?
Wrong, green energy markets thrive on the push for total energy security by national and state governments, the increasing rates of conventional energy sources with quantifiable health and environmental costs, and continued economies of scale. That's why it's attracting capital. Not as much as investment per year as fossil fuel development, but is growing at greater rate than fossil fuels.
Originally posted by Bill Derington:
AEP is spending upwards of 500 million to build a hydro Installation in Smithland ky, that will produce 79 MW's, 79 freaking MW's for half a billion dollars!?!?
I highly doubt that. Midsize hydropower installation costs are $2-4M/MW. I'm guessing it's about $250M. You have a link? But, as I mentioned before, the upfront costs of large scale hydro plants are by far the biggest portion of the levelized price.
Originally posted by Bill Derington:
here's too much money at stake, anywhere there's large amounts of money, there's fraud at some level.
Agreed. How do you think the fossil fuel industries, which dwarf the renewable sectors, are handling the thought of losing out on trillions? Diversification into renewables and investment in disinformation would be my first guesses.
Originally posted by Bill Derington:
From my experience anytime something is being forced, and anyone who opposes is automatically drowned out, theres something that's being hidden.
You don't think there are non-market forces behind fossil fuels? Global subsidization of oil/gas/coal is about 7x that of renewables.
This post was edited on 1/20 9:10 PM by Mime-Is-Money