Wind, solar power soaring in spite of bargain prices for fossil fuels

Joby Warrick for The Washington Post: ¬ Wind and solar power appear set for a record-breaking year in 2016 as a clean-energy construction boom gains momentum in spite of a global glut of cheap fossil fuels.

Installations of wind turbines and solar panels soared in 2015 as utility companies went on a worldwide building binge, taking advantage of falling prices for clean technology as well as an improving regulatory and investment climate. Both industries have seen stock prices jump since Congress approved an extension of tax credits for renewables as part of last months $1.14 trillion budget deal.

Orders for 2016 solar and wind installations are up sharply, from the United States to China to the developing economies of Africa and Latin America, all in defiance of stubbornly low prices for coal and natural gas, the industrys chief competitors. ¬ Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Buy Moxa from Allied Electronics & Automation, part of RS Group

Buy Moxa from Allied Electronics & Automation, part of RS Group

Moxa is a leader in edge connectivity, industrial computing, and network infrastructure solutions for enabling connectivity for the Industrial Internet of Things. With over 30 years of industry experience and 65 million devices connected worldwide, Moxa has a distribution and service network to serve customers in more than 80 countries. Now at Allied-find over 1,000 products from Ethernet switches, protocol converters, routers, and more. Allied Electronics & Automation, part of RS Group & Automation, part of RS Group is an authorized distributor of Moxa.