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Re: The Eighth Blunder of the Modern World keeps getting bigger?

Posted by Stephen Bauman on Sat Jun 15 18:46:21 2024, in response to Re: The Eighth Blunder of the Modern World keeps getting bigger?, posted by AlM on Sat Jun 15 17:22:01 2024.

Here's a Reuters from a year ago that summarizes electric power generation's future.

https://www.reuters.com/business/energy/n-america-wind-power-sector-needs-cost-cuts-supply-chain-revamp-maguire-2023-04-20/#:~:text=Since%20onshore%20wind%20sites%20cost,year%2Dround%20clean%20power%20potential.

N.B. the major inducement will be reduced power generation costs. The current generation cost per kwh are:

Known as the levelized cost of energy (LCOE) before subsidy, the current cost for a solar photovoltaic (PV) farm is estimated at 3.4 U.S. cents per kilowatt hour (kWh), according to DNV...

Since onshore wind sites cost around 4.2 cents per kWh, and fixed offshore wind farms 4.84 cents per kWh, wind power looks like the most attractive option for year-round clean power potential...

That compares to around 8.6 cents for a natural gas-fired plant, and more than 18 cents for a coal-fired facility.


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