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Sat Nov 17, 2018, 11:03 AM

It's now cheaper to build a new wind farm than to keep a coal plant running

Last edited Sat Nov 17, 2018, 12:41 PM - Edit history (1)

Inflation dictates that the cost of living will continue to rise — except, it seems, when it comes to renewable energy. The cost of building a new utility-scale solar or wind farm has now dropped below the cost of operating an existing coal plant, according to an analysis by the investment bank Lazard. Accounting for government tax credits and other energy incentives would bring the cost even lower.

"There are some scenarios, in some parts of the U.S., where it is cheaper to build and operate wind and solar than keep a coal plant running," said a Lazard banker who was involved in the report. "You have seen coal plants shutting down because of this."

Every year, the investment bank analyzes the cost of different types of energy using a metric called the levelized cost of energy, or LCOE. This analysis factors in the cost of components and the cost of operations, as well as the cost of debt, to come up with the smallest dollar amount, per unit of energy, for an investor in the project to see a 12 percent return.

The LCOE for coal this year is between $27 and $45 per megawatt. That figure is $29 to $56 for a wind farm and $31 to $44 for a solar farm, depending on the technology used.

https://www.cbsnews.com/news/its-now-cheaper-to-build-a-new-wind-farm-than-to-keep-a-coal-plant-running/

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Reply It's now cheaper to build a new wind farm than to keep a coal plant running (Original post)
Agent_86 Nov 2018 OP
Da Mannn Nov 2018 #1
His Daughter Nov 2018 #2
MumblyPeg Nov 2018 #3
Hey Mikey Nov 2018 #4
Iron Condor Nov 2018 #5

Response to Agent_86 (Original post)

Sat Nov 17, 2018, 11:19 AM

1. Coal plants still run when the wind stops blowing and the sun stops shining.

On the other hand I do like to see endangered birds chopped up by wind farms

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Response to Agent_86 (Original post)

Sat Nov 17, 2018, 12:38 PM

2. The right answer remains a mix of technologies

Sun does not shine 24-7 and wind does not always blow, even in the passes. There has to be some weather independent sources for spinning reserve if nothing else.

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Response to His Daughter (Reply #2)

Sat Nov 17, 2018, 04:05 PM

3. i really dont have issues with the stuff as long as it's not taxpayer subsidized.

That and the area where I grew up was invaded by a wind farm. I figured all the bad hype was just hype and activists.
Well, it's not. The noise they make is maddening... the landscape looks like utter hell now. And the stories? they are true. Dead owls and even bald eagles are lying all over the place under these things. It really is a blight

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Response to Agent_86 (Original post)

Sun Nov 18, 2018, 09:52 PM

4. Birds fly into the vanes

Enviromentalists scream

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Response to Agent_86 (Original post)

Mon Nov 26, 2018, 09:36 AM

5. Besides trashing the scenery





















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