In a chief new assessment free of charge this week, Citi says the big opinion makers inward bound the US power effort are specific on securing low cost power, fuel worthy and stiff money flows, and this is picture them perpetually to the "economics" of solar and wind, and how they steadiness next other technologies.
Considerably of the mainstream media - in the US and abroad - has been swallowing the fossil fuel Kool-Aid and hailing the development of evenhanded gas, open the fracking tolling, as a new energy "mutiny", as if this would be a durable license of interaction. But as we wrote pen week, solar contract take in to plunge right away as gas prices replacement.
Citi's report echoes that discrimination. Gas prices, it things, are on the rise and right pompous highly strung. This has prepared wind and solar and other renewable energy sources pompous considerable in the function of they are not easily upset to fuel worth uncertainty.
Citi says solar is prior to right pompous considerable than gas-fired peaking birds, both from a cost and fuel worthy pitch. And in baseload generation, wind, biomass, geothermal, and hydro are right pompous monetarily considerable than baseload gas.
It things that nuclear and coal are structurally hard-up in the function of both technologies are viewed as uncompetitive on cost. Ecological set of instructions are making coal right away pricier, and the ageing nuclear armada in the US is cover scatter shutdowns due to the complicated economics.
