“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 "Wind"
“It’s the least cost renewable we can add to our system by far.”
– Stefan Bird, CEO of Pacific Power, whose parent company plans to build a major wind farm in Wyoming, one of several massive wind projects planned in the state to serve growing demand for clean energy on the West Coast.
“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.