30 Jan '18, 4pm

Utility CEO sees new wind and solar cheaper than existing coal by early 2020s

Utility CEO sees new wind and solar cheaper than existing coal by early 2020s

We've talked a lot about the arrival of unsubsidized wind and solar . But whether or not a particular installation makes financial sense on its own is only part of the story. The next big milestone will be when unsubsidized wind and solar undercuts the cost of existing fossil fuels. And that milestone may be coming sooner than any of us might have thought. The fabulous David Roberts over at Vox reports that even utility CEOs are now predicting that it will be cheaper to build new wind and solar than to keep running the old coal and nuclear plants that have already been build. Jim Robo, CEO of the gigantic NextEra Energy (subsidiaries include Florida Power & Light) made this claim on a Q4 earnings call on Friday, apparently. And as Roberts notes, the fact that this statement was to investors—to whom Robo has legal obligations in terms of transparency and accurate reporting—...

Full article: https://www.treehugger.com/renewable-energy/utility-ceo-s...

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