Friday, February 15, 2013

Renewable Energy: Cheaper than coal

Building wind power is cheaper than building either coal or gas. Bloomberg crunched the numbers at $80 for wind (per MWh) and $143 for coal and $116 for gas. (See the chart). Also, they forecast solar to be cheaper than fossil fuels by 2020. (So much for renewables being expensive).

Collinsville coal-fired power station. Shut down and may be replaced with renewables

Meanwhile, the new owners of Collinsville (coal) power station (pictured above, and built in the 1960s) have closed it down and are looking at replacing it with a solar power station.

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