U.S. natural gas prices are rising, while wind and solar are growing rapidly. The global transition to mostly renewable grid power may now be unstoppable...
'The energy transition juggernaut I previewed last May is rolling on unabated, despite U.S. natural gas prices falling to 10-year lows last year. According to a new Gallup poll, two-thirds of Americans would like to see more emphasis on solar, wind and natural gas, while less than half of them support more emphasis on nuclear, oil and coal.
In addition to popular sentiment, installations of renewable generation are proceeding apace.According to the U.S. Federal Energy Regulatory Commission [PDF], the United States installed more power generation capacity from wind than for any other power source in 2012: 10,700 megawatts (MW), 23 percent more than natural gas (8,700 MW) and more than double the new coal capacity (4,500 MW). New solar capacity grew by 1,500 MW, a 31 percent increase over 2011.
It seems that the widespread belief that cheap natural gas would kill the growth of renewables — which I always viewed skeptically and never found convincing data to support — didn’t have much substance after all...'
Via Lauren Moss