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This is not a US focused article, but I want to provide some clarifications specific to the US: While the incremental operating cost of wind and solar plants (
by scblock 10y ago
This is not a US focused article, but I want to provide some clarifications specific to the US:
While the incremental operating cost of wind and solar plants (and the related staffing levels for a given plant size) are much lower than conventional thermal plants because of no fuel cost, they are far from zero or "free". This is a misconception that ignores the need for staffing and maintenance services. Over the 20 year design life of a typical wind plant, for example, operating costs are expected to roughly equal the initial investment in total.
Additionally, the subsidies most used in the US for wind and solar development are the Production and Investment Tax Credits (PTC and ITC). Tax credits for new projects will be phased out completely in the next approximately 5-7 years (the phase out plan is of fixed duration, but the tax accounting rules allow projects to claim credits ahead of project completion as long as certain conditions are met, such as start of construction of outlay of sufficient capital to show commitment to project completion). The US renewable industry does not have a general expectation of tax subsidy renewal, and developers, utilities, and suppliers are all looking to be able to build economic projects without tax incentives. The reality is that costs have come down and performance has increased to the point where these renewable resources are largely able to compete with conventional generation on price already.
Also, the need for transmission line development is apparent, but it's mostly about bringing transmission to the resources rather than needing to rebuild existing lines. That means large scale transmission projects to connect low population areas with high wind and solar resource to population centers. Existing lines and substations do often need upgrades to accommodate new generation, but those are determined based on study and the costs are often (though not always) borne by the project or group of projects requiring the upgrades.
As others have highlighted, large scale energy storage technology is going to be key to reducing the need for peaking power plants to cover load gaps related to these intermittent resources.
Editorially: We are fools if we think we can keep burning things we dig out of the ground forever. The solar energy needed to power our lives is already here, and it's on us to learn to harvest and use it effectively. And by all means continue to work on clean nuclear power but at the moment it is not cost competitive.
- reacweb 10y agoIMHO, we should have increase nuclear power 20 years ago to avoid the current carbon pollution. Now, it is too late for nuclear. The future is solar power and it is quickly coming. The amount of available solar energy is enormous. In a further future, we may also have solar plants in orbit that would reduce weather problems.
- yuhong 10y agoI hope that methane cracking will also help.