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Author Topic: ‘Game changer’: renewables now cheaper than coal, gas Back to Topics
angel4me

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San Jose

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Message Posted: Feb 9, 2013 8:57:22 AM

New analysis from research firm Bloomberg New Energy Finance has concluded that electricity from unsubsidised renewable energy is already cheaper than electricity from new-build coal and gas-fired power stations in Australia.

The modeling from the BNEF team in Sydney found that new wind farms could supply electricity at a cost of $80/MWh?—?compared with $143/MWh for new build coal and […]
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FPLREP
Champion Author Virginia

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Message Posted: Feb 10, 2013 8:26:44 AM

One word...reliability.
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Ahking
Champion Author Orange County

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Message Posted: Feb 10, 2013 3:16:16 AM

good news.
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BobBG
Champion Author Albany

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Message Posted: Feb 9, 2013 11:06:07 PM

This is great news.
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MidNJ
Champion Author New Jersey

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Message Posted: Feb 9, 2013 4:35:38 PM

Mass production = lower prices = more demand = greater mass production = even lower prices, etc.
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NHLiveFree
Champion Author New Hampshire

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Message Posted: Feb 9, 2013 3:47:02 PM


Will all Big Oil shills please read this news article before ranting again and again!

Great to read that both Texas(El Paso Power) and firms in Australia have both reached this major milestone for clean and renewable power from solar and wind power, respectively.

With the now steady technology advancements, renewable energy expenses will continue to drop. Great news for our energy future, even without a national energy policy, that has been lacking since our first energy crisis in 1973.
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teenitup
Champion Author Houston

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Message Posted: Feb 9, 2013 1:14:43 PM

That's nice for Australia, still some expensive power.
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zachlCA
Champion Author California

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Message Posted: Feb 9, 2013 12:21:48 PM

This is sooooo trust worthy, because with a name like Bloomberg new energy finance, I am sure their research would never have an agenda of promoting green tech.
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schatzila
Champion Author Los Angeles

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Message Posted: Feb 9, 2013 11:47:34 AM

oh , really?
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MrDeath666
Champion Author Houston

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Message Posted: Feb 9, 2013 11:21:11 AM

Bloomberg news is full of BS.
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mitt4prez
Champion Author Tacoma

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Message Posted: Feb 9, 2013 11:00:07 AM

Bunk. Load the same regulatory costs onto renewables and watch the price rise.
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GingoutMD
Champion Author Maryland

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Message Posted: Feb 9, 2013 10:37:26 AM

It makes sense to me as renewables don't require shipping of any fuel, nor does it require the massive cost of scrubbing smoke stacks of the by-product caused by burning fossil fuels.
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merlinCO
Champion Author Colorado

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Message Posted: Feb 9, 2013 10:25:48 AM

Gee what a vision????? Where have they been for the past 40 years?
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TripleHs
Champion Author Austin

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Message Posted: Feb 9, 2013 10:15:46 AM

no surprise and they should be
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Joeski1
Champion Author New Jersey

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Message Posted: Feb 9, 2013 10:13:51 AM

no surprise....

and less damaging to us and the planet overall.....

more sustainable.....

and the technology isn't a 100 years old and non progressive....

like the fossil foolers sell.....
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200porter
Champion Author Toronto

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Message Posted: Feb 9, 2013 10:09:21 AM

Good.
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bsnort
Champion Author Huntsville

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Message Posted: Feb 9, 2013 10:02:53 AM

Humblepie - well said!
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orphancarguyPE
Champion Author PEI

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Message Posted: Feb 9, 2013 9:51:11 AM

For people still thinking 'bovine excrement' there is another project closer to home, in El Paso Texas. Article is posted a few up from this one, and I'll quote from it:

"This new 50 megawatt (MW) project in New Mexico comes in at 5.79¢/kilowatt hour (kWh), which is almost half the cost of a new “advanced” coal power plant (12-14¢/kWh), according to the Energy Information Administration. It is helpful to note that the deal did benefit from subsidies, as detailed in an article by Renewable Energy World, including the Investment Tax Credit (ITC) – which provides renewable energy projects with a tax credit equal to roughly 30 percent of a project’s costs. If we were to remove that credit and the benefit of local incentives, the project would come in right around the cost of a new advanced coal plant, even if the coal plant lacks carbon capture and storage technology."

Yup, incentives aside, same cost as a coal plant WITHOUT the coal plant having the 'carbon capture and storage technology'. That, by the way, has yet to be successfully used in any production scale coal-fired plant to date, as far as I am aware. It has been demonstrated in smaller prototypes, but it lacks the surety that it will operate as planned without expensive or crippling outages or breakdowns in the real world. So, dollar for dollar, and stripped out of any incentives pollution free PV solar triumphs over same cost per kW/hour net coal 'pollution included'.

That is right now, in the USA, not Australia.

[Edited by: orphancarguyPE at 2/9/2013 9:51:41 AM EST]
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orphancarguyPE
Champion Author PEI

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Message Posted: Feb 9, 2013 9:35:36 AM

Large swaths of Australia are both hot and very sunny, making it an excellent place for solar PV. By comparison, Australian coal is extremely 'dirty' coal, like China's soft coal and the filthy smoky lignite (not actually coal as most people think of it) they use in parts of Texas.

So, when you 'pay for the damage' as you are using it, instead of somewhere down the line, of course Australian coal makes little sense for new power plants.

What the naysayers don't realize that failed US startups with new untested technology aside, solar PV has become extremely inexpensive compared to where it was even a few years ago. I look at my own house on not so sunny Prince Edward Island, and having priced it out, a 'retail' install of Solar PV to cover the equivalent of my own usage would now cost $6000-$8000, compared to $18,000-$24,000 just 7 years ago. That means it would pay itself off completely in half the replacement warranty time, and the other half would be free electricity. Or, looked at another way, just putting aside the monthly amount would pay for a complete new reinstall if every component failed when the warranty period was over. Or, it it didn't, then I could double up and make steady income each month as well as have free clean electricity.

So, if it makes sense retail here in PEI at the 46th parallel, how much more sense does it make in sunny Australia at large scale wholesale prices? Several times more sense.
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deputydog082
Champion Author Detroit

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Message Posted: Feb 9, 2013 9:16:08 AM

will it lower cost to consumers or just put more $$ in pockets of CEOs?
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humblepie
Champion Author Toledo

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Message Posted: Feb 9, 2013 9:13:48 AM

bovine excrement
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cheapchickKY
Champion Author Lexington

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Message Posted: Feb 9, 2013 9:13:38 AM

Okay.
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tmon6219
Rookie Author Colorado Springs

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Message Posted: Feb 9, 2013 9:11:13 AM

Could supply! Also are they going to turn all of their pretty mountains into wind farms?
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