Several states in the western U.S. have set up standard requirements needed for developing a renewable portfolio, which will be the primary drivers of any large scale expansions in wind, solar, and geothermal power-generation capacity.
David Hurlbut, senior analyst at NREL, said that “the electric generation portfolio of the future could be both cost effective and diverse. If renewable and natural gas cost about the same per kilowatt-hour delivered, then value to customers becomes a matter of finding the right mix.
Renewable energy development, to date, has mostly been in response to state mandates. What this study does is look at where the most cost-effective yet untapped resources are likely to be when the last of these mandates culminates in 2025, and what it might cost to connect them to the best-matched population centers.â€
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Topic: Can Wind and Solar Energy Be Cost Competitive Soon? (Read 563 times)