Title : A Reader Provides Stunning Observation Regarding US Wind Energy Going Forward -- March 11, 2019
link : A Reader Provides Stunning Observation Regarding US Wind Energy Going Forward -- March 11, 2019
A Reader Provides Stunning Observation Regarding US Wind Energy Going Forward -- March 11, 2019
Earlier I posted an update regarding US electricity sector. In that note, I forgot to mention the necessity of tax credits, subsidies, and government mandates if the renewable energy sector is to survive.A reader caught that oversight and provided this note:
This past Friday's (March 8, 2019) "Today In Energy" piece from the EIA presented one of the more stunning - albeit not unexpected to serious observers - factoids regarding new additions to the US energy supply.That's a very, very interesting observation.
Specifically, the first graph shows- with green bars - the new capacity emanating from onshore wind. Starting in 2022, it drops to zero and stays near zero for decades. This is the clear impact of the ending of the tax credits as construction needs to start on projects before the end of 2019 in order to qualify.
No tax credits (production tax credits, PTCs and/or investment tax credits, ITCs) equals no more wind projects.
Here's the graph (see if you can spot "onshore wind energy" -- yes, you will need a magnifying glass:
In 2050, for example, it looks like 21 gigawatts of new electricity generating capacity will be added. Of that 21 gigawatts, onshore wind might account for one-half gigawatt, or 2%.
I.N.C.O.N.S.E.Q.U.E.N.T.I.A.L. And even worse than inconsequential considering all the attention this sector gets in the mainstream media. I bet if the Occasional-Cortex-Bernie-Sanders-crowd was asked, they would think 100% of new electricity generating capacity would come from renewable energy. By the way, it's interesting that solar has such a huge footprint: I assume that is based on residential-rooftop-solar panels mandated by California. Other states will follow. Further killing the housing industry.
As long as we're on the subject, this item was buried at the very end of the linked article at CNBC with the IEA forecast for EVs sales going forward in the earlier post (I did not want to gild the lily, as they say):
Norway remains the leader when it comes to market share. Electric vehicles accounted for 39 percent of Norway’s new car sales last year, and 6.4 percent of the country’s cars are powered by electricity.
That makes Norway the leader in both categories.
But in another sign of the importance of policy, Norway is the only member of the IEA’s Electric Vehicles Initiative that saw annual sales volume and market share fall between 2013 and 2017. The IEA chalks up those declines to a change in the way the tax system treats private use of company cars and the end of tax incentives last year for plug-in hybrids.LOL: "... another sign of the importance of policy." -- subsidies, grants, tax credits, government mandates, central planning (a key feature of socialism).
By the way, my hunch is that the US could very easily go back to adding coal plants in the out years if nuclear plants continue to be de-commissioned, and the demand for electricity grows as suggested in an earlier post.
Thus Article A Reader Provides Stunning Observation Regarding US Wind Energy Going Forward -- March 11, 2019
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