“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 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.
“People realize that coal isn’t going to be around here forever and people need to re-tool themselves and get occupations within newer industries.”
– Lee Van Horn, the son of a coal mine worker, who is manager of the 64-turbine Locust Ridge Wind Power Project in central Pennsylvania.
New wind turbines are “the most cost-effective way to meet our anticipated energy needs of our own customers.”
– PacifiCorp spokesman Bob Gravely on his company’s plans to spend $3.5 billion on 2,000 megawatts of new and upgraded wind turbines, mostly in Wyoming, over the next 20 years.
“Wind energy is a renewable, more cost-effective resource that will lower the carbon footprint of these [7-Eleven] stores as well as operating costs.”
– Ben Tison, 7-Eleven’s senior vice president of development, on an agreement that will see 425 of the company’s stores in Texas get 100 percent of their electricity from Texas wind farms.
“Wind power economics are driving coal generation up the dispatch curve and into earlier retirement.”
– Moody’s analyst Jairo Chung in an investment note on the effects of low-cost wind in the Great Plains states, where an average contract price of around $20 per megawatt-hour is outcompeting operating costs for coal-fired power that average higher than $30/MWh.
“We’re doing it primarily because it’s the cheapest energy resource we can buy now, even lower than our coal generation.”
– Xcel Energy spokesman Wes Reeves, explaining the utility’s decision to invest $1.6 billion to build two large wind farms in eastern New Mexico and West Texas over the next three years, which will lower costs and save customers in those states about $2.8 billion over the next three decades.