“Embrace of Renewables Has a Hidden Cost,” by Eduardo Porter (Economic Scene column, July 20), perpetuates the myth that nuclear and renewable energy are competitors. In reality, cheap natural gas is causing nuclear’s woes because fossil fuel power plants set prices in electricity markets, not wind or nuclear. Cheap fossil fuels have a 500 times larger effect than wind on setting the prices received by nuclear plants, according to the country’s largest electricity market monitor. Mr. Porter does note: “The economics of nuclear energy are mostly to blame. It just cannot compete with cheap natural gas.” But he still blames renewables.
In the face of questions about debt, widening losses, governance and strategic logic, Tesla Motors and SolarCity announced a $2.6 billion stock merger on Monday. Now, it is up to Elon Musk to persuade the shareholders of the two companies — he founded both — that the deal makes sense. The transaction requires the approval this year of a majority of shareholders from both Tesla and SolarCity, excluding Mr. Musk and other insiders.
The Massachusetts Legislature late Sunday night sent to Gov. Charlie Baker a compromise energy bill that, while less broad than some senators had hoped, would require the state to purchase significantly more energy from offshore wind and other renewable sources. “I don’t think that where we ended up is nearly as strong as where the Senate was,” said State Sen. Ben Downing, D-Pittsfield, Senate chairman of the Committee on Telecommunications, Utilities and Energy. “But both the administration and the House had a far narrower view, and that made for a rather difficult negotiation.”
Sen. Lamar Alexander today urged U.S. EPA to scrap a proposed voluntary program to award states for “zero-emitting” renewable energy projects, including wind, under the Clean Power Plan. The Tennessee Republican, who has waged war against federal support for wind energy, wrote to EPA Administrator Gina McCarthy to express serious concern about the Clean Energy Incentive Program that the agency proposed earlier this summer
Republican presidential nominee Donald Trump said yesterday he had hope for solar energy, but not yet and not at the expense of natural gas and coal.The billionaire reality television star also derided wind power as a bird-killing eyesore during a campaign stop in Harrisburg, Pa. “Everything has its place. Solar absolutely has its place. I think solar is going to be good as time goes by, but right now they have not perfected it,” Trump said.
Donald Trump bashed renewable energy sources Monday night, saying solar power doesn’t work well and wind turbines kill birds. The GOP presidential nominee has stated his preference for coal and natural gas, and has previously said that solar power is unreliable and wind turbines are unsightly and harmful to wildlife.
Hillary Clinton campaigned in Omaha late Monday afternoon, vowing to push for an upgrade to the nation’s electrical grid if she’s elected president — to better distribute the power generated by wind turbines. “I know because I’ve seen them in the crowd. There are a few people from Iowa here today and your neighbor Iowa is already getting one-third of its energy from clean energy, primarily wind energy,” Clinton said. Clinton said the wind industry is part of a “diverse economic development” strategy that keeps small town America going.
Hillary Clinton gave Iowans a shout-out for their embrace of wind energy during a campaign stop Monday afternoon at Omaha North Magnet Center. Clinton credited Iowa’s nation-leading production of wind energy for both creating jobs and promoting a sustainable source of electricity for its residents. “Your neighbor Iowa is already getting a third of its energy from clean energy, primarily wind energy,” Clinton said. “They are taking abandoned factories and actually assembling the wind turbines – putting people to work in Iowa.” Clinton was joined by Omaha billionaire Warren Buffett as well as Ben Nelson, a former Nebraska governor and senator. Nelson served as a freshman senator with Clinton, and he acted as a character witness to the crowd before she arrived.
The New York plan is part of Governor Andrew Cuomo’s goal of getting half the state’s power from renewable sources by 2030. It establishes renewable energy credits to subsidize solar, wind, hydro, biomass and tidal power, as well as fuel cells. The decision stands in stark contrast to the strategy of other states looking to use cleaner energy. A bill that Massachusetts passed just hours earlier threatens to put New England’s last two reactors out of business by replacing them with renewable resources.
New York regulators today signed off on Democratic Gov. Andrew Cuomo’s plan for tackling climate change by rapidly expanding the state’s renewable footprint and throwing a lifeline to ailing nuclear reactors. The New York Public Service Commission approved key parts of Cuomo’s landmark clean energy standard, which requires the state’s electric sector to generate half its power from renewables by 2030.