New Energy Needs To Spread The Wealth
America's Renewable Energy Future Isn't Evenly Distributed; Geographic realities suggest that cleaning up the nation's power mix will rely on regional efforts. Your investing strategy should take that into account.
Maxx Chatsko, June 2, 2019 (The Motley Fool)
“The United States generated close to 10% of its total electricity from wind and solar in 2018. The share of modern renewables in the nation's power mix is expected to grow to 13% by 2020 and could reach 30% by 2030. The impressive growth can be attributed to a combination of technological improvements, cost declines, and state policies…[But]Thirty-eight percent of America's solar power capacity is installed in California. One-quarter of the country's wind power capacity is spinning in Texas, while 66% is contained within the 11 states in the American Wind Corridor…There's a 360,000-square-mile swath of the Southeast, spanning seven whole states, that isn't home to a single wind turbine. And the Eastern Seaboard is furiously building natural-gas pipelines and power plants…
“…[W]ind and solar power potential is heavily influenced by geography…[which investors should] take into account when crafting a clean-energy investing strategy…A thermal power plant would deliver roughly the same output if it were built in Texas or New York. The same would not be true for two identical solar or wind farms. That affects everything from the price of electricity to the ambitions of state policies…Generally speaking, the West Coast benefits from bountiful solar, the Midwest thrives from wind-swept plains, and the Eastern Seaboard is praying that offshore wind can help to mitigate its reliance on cheap natural gas…[For investors,] NextEra Energy offers the most complete one-stop shop …Xcel Energy's concentrated assets in the American Wind Corridor should help it transition to 100% zero-carbon electricity with relative ease…Dominion Energy and its mid-Atlantic peers won't have it so easy, but it's a stock to watch in offshore wind power…” click here for more