Solar power forecast to shut down coal plants faster than expected

Solar power forecast to shut down coal plants faster than expected

Solar power forecast to shut down coal plants faster than expected

Renewables dominate energy investments.

But the opinions that wind and solar are fads, or are too minor to care about, or "don't work" are simply wrong. The agency expects wind and solar will represent a similar amount in their April report as well before decreasing a bit during the summer and increasing again in autumn. In 2016, Iowa produced 37 percent of its electricity from wind and solar, Kansas produced 30 percent, Oklahoma produced 25 percent and Texas produced 13 percent.

Image source: U.S. Energy Information Administration.

A primary issue is Jacobson's limitation of scope, in attempting to model a system with only wind, water and solar (including some geothermal, tidal and wave energy), Jacobson excluded a large number of technologies, including grid-scale battery storage, which the authors argue make "climate mitigation more hard and expensive than it needs to be".

And some surprises went in the other direction: Consider that Arizona only gets 5% of its electricity from wind and solar, despite having one of the best environmental profiles for solar in the country. This has resulted in an increased demand for specialists and engineers in renewable energy.

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Expected returns for renewable energy projects in Asia-Pacific tend to be higher than for comparable projects in Europe or the US, particularly in the region's emerging markets, which now offer between 14-15 percent in local currency for operating assets, and up to 20 percent in local currency for development assets, according to our own deal intelligence. On the wind side, fast adoption is propelling a growing business for General Electric (NYSE: GE), though wind remains a small percentage of its business overall. One example of this is an analysis of the industry's eventual demise and the reasons for it from the Stanford Institute for Economic Policy Research, which suggests that the US coal industry is not a victim of policy changes and regulations.

Even for a month, hitting 10% is a "great breakthrough" for renewables, said Marilyn Brown, who studies energy markets at Georgia Tech in Atlanta. It is also very important that we break the deadlock of electricity market structures by exploring the options to transform the "competition for markets" approach, continue to embark on a broader restructuring of the electricity sector and strive to achieve a more systematic development of the power market design, especially for renewable energy.

In a recording-breaking first, electricity generated by wind and solar power made up just over 10 percent of the total electricity generated in the United States. That trend is likely to accelerate as more governments crack down on carbon and awareness of climate change risks increases.

"Policy makers should treat with caution any visions of a rapid, reliable, and low-priced transition to entire energy systems that relies nearly exclusively on wind, solar, and hydroelectric power", Victor and others wrote.

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.

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