Ahead of the S&P Global Platts Global Power Markets conference in Las Vegas, April 8-10, 2019, The Barrel presents a series of articles on the global and US electricity sectors. In this last post of the series, Steve Piper analyzes S&P Global Market Intelligence data to show that renewables are increasingly able to compete with conventional generation.
Wind and solar photovoltaic (PV) electric facilities only
account for an estimated 11% of US generation, but they are fast closing on a
tipping point where they may outperform conventional generation as an asset
Several factors have come together to drive this result,
starting with a rapid decline in costs for new renewable facilities, both wind
and solar, that has offset the advantage to natural gas generation brought