In Texas, the country's leading wind generation state,
. . . wind is now competitive with fossil fuels.
. . . But unlike oil and gas,
. . . wind . . . COSTS . . . don't fluctuate.
There’s, a strong economic rationale.
Wind energy, is not going to cost more tomorrow, or
. . . . . . 5 years, or
. . . . . . 10 years, or even
. . . . . . 20 years, from now.
As you add more renewables to the grid,
. . . eventually those renewable plants get paid off.
. . . And once they're done being paid off,
. . . they have an operating margin of almost zero,
So if you can own these assets super long term,
. . . you see the cost of power should be continuing to decline."
11-26-2016 Source: FOLLOW THE MONEY: Texas
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FOLLOW THE MONEY: Texas
Started by eds, Nov 26 2016 05:15 AM
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