Wind And Solar Gaining Edge Over Natural Gas

| August 20, 2019

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A new U.S. Dept. of Energy study shows that the cost of generating more power through wind turbines is cheaper now than buying fuel at an expected price from an equivalent natural gas plant. That means wind will become even more competitive in capturing more power capacity in coming years with natural gas expected to lose share. Solar power is on the same playing field as wind, and is also expected to see real growth. The report shows that wind hardware prices are dropping, even as new turbine designs are increasing power generated by each turbine that typical in its usage. Some of that savings is coming from a tax credit given to renewable energy in the US. That tax credit will be fading out in coming years, bringing uncertainty to the future demand. But, along with solar power, the growth curve has been steady and strong in the US, and that could very well continue.

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Leaders in infrastructure (construction, water treatment, etc.) and renewable energy (wind, solar photovoltaic, etc.) from sustainability and innovation. Our offer covers the whole value chain, from design and construction to operation and maintenance. With a presence in more than 30 countries, the Group develops its business activities based on the desire to contribute to economic and social development in the communities in which it operates.

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ACCIONA

Leaders in infrastructure (construction, water treatment, etc.) and renewable energy (wind, solar photovoltaic, etc.) from sustainability and innovation. Our offer covers the whole value chain, from design and construction to operation and maintenance. With a presence in more than 30 countries, the Group develops its business activities based on the desire to contribute to economic and social development in the communities in which it operates.

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