Solar And Wind Rush Past Water

by Ed Tsunoda

In the battle between earth’s elements, Solar and Wind have overtaken Water as power generating resources in America. Those damned renewables will see their output doubled by Wind and Solar as soon as 2040 according to projections.

Wind and solar power in particular are driving the shift, fueled by state mandates that require utilities to obtain a certain percentage of renewables and federal tax credits, including the since-expired Production Tax Credit for wind farms. Declining hardware and financing costs have made it cheaper and easier to adopt renewables. The average price of a solar panel, for instance, has dropped by 60 percent since the start of 2011.

At the same time, hydropower is on the decline in arid states like California, where a crippling three-year drought is shrinking reservoirs and straining water supplies.

“EIA projects that 2014 will be the first year in which annual nonhydro renewable generation surpasses annual hydropower generation,” the agency said. According to its long-term outlook, “by 2040, nonhydro renewables are projected to provide more than twice as much generation as hydropower.”

source: International Business Times

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