Energy / Renewable Energy / Solar Energy

An offer utilities can’t refuse: The low cost of utility-scale solar

Despite some policy uncertainty, large solar projects are now “competitive with coal and gas.”

WASHINGTON, DC — “New numbers show the ‘beautiful friendship’ between utilities and solar is growing and bringing the U.S. power system’s transition to higher renewables penetrations along.

…Wind and solar were 8.2% of U.S. generation in 2017, with wind at 6.3% and solar at 1.9%, and U.S. grids are integrating record levels of renewables without disruption. Wind was 54% of Texas generation on October 27, 2017, and wind and solar together provided 64.6% of California’s power on May 26, 2018.

Investors say “phenomenally abundant” renewables could support a trillion-dollar U.S. market by 2030 and solar will play a key part, according to an April American Council on Renewable Energy survey.

Utilities are seeing the opportunity and responding, according to the 2018 Utility Solar Market Snapshot released in July by the Smart Electric Power Alliance (SEPA).”

— Herman K. Trabish, Utility Dive

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