Yesterday brought news from the UK that offshore wind prices have fallen by half in the past two years and are now – for the first time – lower than nuclear and gas.
That’s for the fast spin up gas to cover the gaps in wind and solar, not for baseload. That cost should actually be added to the costs of renewables, not gas.
Technology needs to advance further for this revolution to maintain momentum. The fossil fuel and nuclear industries are increasingly struggling to compete in terms of cost but they argue they are a more stable supplier of electricity when there is no wind and no sun. But that does not have to be the case. It can change if the government and business sector do more to develop and promote battery technology so that solar and wind energy can be stored and distributed at night and between breezes.
And won’t things be better if we only knew how to do what we don’t know how to do?