29 May '12, 11am

The truth about renewable energy: Inexpensive, reliable, and inexhaustible

We’ve all heard the common myths about renewable energy: It’s expensive; it can’t be relied upon; there just isn’t enough of it to meet our energy needs. But as technological advances and plummeting costs drive explosive growth — U.S. installed wind capacity has grown sevenfold to nearly 47 gigawatts in the last seven years — real-world experience is shattering long-held assumptions every day. Even ardent supporters of renewables may be surprised by what we’re learning. Renewable energy actually reduces electricity prices for businesses and consumers. A new analysis [PDF] conducted by Synapse Energy Economics on behalf of Americans for a Clean Energy Grid found that adding more wind power to the electric grid could reduce wholesale market prices by more than 25 percent in the Midwest region by 2020 — $3–$10 per megawatt hour (MWh) in the near term, and up to nearly $50 per...

Full article: http://grist.org/renewable-energy/the-truth-about-renewab...

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