22 Feb '12, 3pm

Cheap Natural Gas Won’t Kill Renewable Energy growth (3 Reasons Why)

Cheap Natural Gas Won’t Kill Renewable Energy growth (3 Reasons Why)

We do have to be realistic about the situation: assuming gas prices stay near record low levels for a long period of time — which they likely won’t — renewables deployment won’t grow at the rate we need it to. But if you look at the where large-scale renewables stack up with the cost of energy from peaking gas plants and combined cycle plants (chart above), you can see that the industry is still nipping at the heels of gas — even with a “revolution” underway in accessing shale resources. That’s something that can’t be ignored.

Full article: http://cleantechnica.com/2012/02/22/cheap-natural-gas-won...

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