NYT Comes to Grips with Wind and Solar Costs Wind
November 16, 2010
Posted November 8, 2010
The New York Times has come to grips with the economic realities of renewable energy. Matthew Wald and Tom Zeller Jr. write:
Even as many politicians, environmentalists and consumers want renewable energy and reduced dependence on fossil fuels, a growing number of projects are being canceled or delayed because governments are unwilling to add even small amounts to consumers’ electricity bills.
Electricity generated from wind or sun still generally costs more — and sometimes a lot more — than the power squeezed from coal or natural gas. Prices for fossil fuels have dropped in part because the recession has reduced demand. In the case of natural gas, newer drilling techniques have opened the possibility of vast new supplies for years to come.