the dollar cost he's talking about does not include the large dollar cost the externalities burning gas creates
replyDoes the offshore wind energy costs include externalities of fabricating, assembling, shipping, installing, maintaining and decommissioning the turbines? Does it also include bird losses and whale harms?
replyDoes the gas turbine include externalities of fabricating, assembling, shipping installing, maintaining, and decommissioning oil drilling rigs? And of shipping, storing, and burning the gas? And the climate change caused by gas leaks? And the harms to humans, the fishing industry, and bird losses and whale harms by oil spills (I know you really care about those)?
replyThe project life cycle cost: yes.
The birds and whales: no. But neither do the fossil power plants.
replyYes.
replyWind and solar are consistently the cheapest forms of new energy generation. Pouyanné knows that. He is being a politician here, saying what he knows will play well with the current administration. When in Rome...
replyUhm, I dunno if you just time travelled here from the 60s but there's this thing called global warming.
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replyIn 2026 utilities will install 86 GW of new generation, of which only 6 GW will be natural gas. The other 80 GW will all be solar, wind and battery storage. Utilities are doing this because of economics. Environment is secondary. Even oil and gas rich Texas has been aggressively adding solar, wind and battery.
replyCoal is not cheap. At least support oil/gas if you're going to push this cost sensitivity schtick
replyWind is one of the cheapest sources of electricity available. Even if you are a completely brain-dead climate change denier it makes sense from a financial perspective.
replyIn this specific case the CEO stated that gas is the cheaper choice given their ~$1B they can spend.
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