January 2, 2021
  • 7:39 am VEDA approves $3 million in business development financing
  • 7:34 am Vermont manufacturer Sonnax Industries sold to employees
  • 7:30 am SBA opens recovery center in White River Jct, new hours of operation for existing centers
  • 1:23 pm New Solar Capacity a Major Threat To Texas Coal Generators
  • 1:23 pm NextEra quietly builds world’s largest renewable energy company

first_img FacebookTwitterLinkedInEmailPrint分享Bloomberg:A boom in solar power is threatening to wipe out $1.4 billion a year of summertime revenue for fossil-fuel generators in Texas.Almost 15 gigawatts of solar power may crop up in the Lone Star state in the coming years, and every gigawatt stands to shave about $2.76 a megawatt-hour from wholesale electricity prices there when demand peaks in the summer, an?analysis by?Bloomberg New Energy Finance shows.This could end up dealing a major blow to fossil fuel-burning generators that rely on those peak prices to weather the lulls in demand through the rest of the year. The Texas market is “especially vulnerable to the impact of solar penetration because the region relies so heavily on a handful of high-priced hours each year—and because those hours tend to align with solar production,” BNEF analyst Joshua Danial said in the report.The looming threat to natural gas- and coal-fired plants in Texas mirrors the shifts that renewable energy has brought on in other markets.To be sure, the solar surge in Texas won’t happen overnight. BNEF projects 1.8 gigawatts of new solar capacity by 2020.More: New Solar Capacity A Major Threat To Texas Coal Generators New Solar Capacity a Major Threat To Texas Coal Generatorslast_img