“Coal’s competitive advantage is fast evaporating. It cannot compete with renewables on cost, and storage and smart management of the grid have made the need for new baseload redundant. Coal is yesterday’s technology – the only thing new coal has going for it is inertia.”
– Kobad Bhavnagri, the lead author of Bloomberg New Energy Finance’s New Energy Outlook 2017 in Asia-Pacific report.
Posts Tagged "Solar"
“The cost declines that we are seeing with these technologies are so steep that it becomes a matter of time as to when they start crossing over and becoming competitive in different ways. These things are getting cheaper faster than we thought even a year ago.”
– Seb Henbest, lead author of Bloomberg New Energy Finance’s latest annual New Energy Outlook report, discussing the predicted dominance of solar, renewables and lithium-ion batteries in the global energy mix by 2040.
“We have got a big appetite for wind or solar. If someone walks in with a solar project tomorrow and it takes a billion dollars or three billion dollars, we’re ready to do it. The more there is the better.”|
“We have got a big appetite for wind or solar. If someone walks in with a solar project tomorrow and it takes a billion dollars or three billion dollars, we’re ready to do it. The more there is the better.”
– Warren Buffett, speaking to investors at Berkshire Hathaway’s annual shareholders meeting.
“Market prices were kept low and highly competitive by improved hydro-electric conditions, moderate loads and the addition of about 2,300 megawatts of summer capacity — consisting mostly of solar generation.”
– From a market report by California’s grid operator showing that wholesale power prices fell 9 percent in 2016, spurred by a decline in natural gas prices, improved hydropower conditions and about 1,900 megawatts of new peak summer generating capacity from solar resources,
“Market forces are driving a rapid evolution of energy resources, and the current data clearly supports the replacement of the coal in our portfolio with an energy mix that includes more renewables and natural gas as the best, most economical path to a strong energy future for New Mexico.”
– Public Service of New Mexico President and CEO Pat Vincent-Collawn in a statement regarding the utility’s integrated resource plan, which calls for completely shutting down one of its two biggest coal-fired power plants by 2022 and exiting from coal completely by 2031.
“If you’d told me I’d be working in solar, I would’ve never believed you. I always thought I’d bounce from coal job to coal job until all the mines closed and I had to leave.”
– Former West Virginia coal miner Robert Atkins, who was retrained as a solar technician after being laid off from his coal job and now works as a crew chief overseeing installations for startup developer Solar Holler.
“In 10 years, a rooftop that doesn’t have solar will look funny and will look out of place.”
– Mike Foley, head of the Department of Sustainability for Cuyahoga County, Ohio, reacting to an analysis showing that solar industry jobs doubled in the Cleveland area from 2015 to 2016.