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View Diary: Americans for Prosperity sends out alarming mailer to fight solar power in Georgia (33 comments)

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  •  Coal and gas electricity both receive greater (4+ / 0-)

    subsidies and social costs than PV. Also, a recent power purchase agreement was just signed to provide PV electricity to the Albequerque market at a wholesale rate of 6 cents per kwh. While baseload stuff is still priced below that, peaking prices on the secondary market are 20 cents per kwh, and up from there. Throw on a carbon tax and PV hits the sweet spot in the market immediately.

    There can be no protection locally if we're content to ignore the fact that there are no controls globally.

    by oldpotsmuggler on Tue Jul 02, 2013 at 04:04:21 PM PDT

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    •  U say, "carbon tax" so insouciantly (0+ / 0-)

      And per kilowatt hour, wind and solar receive FAR FAR greater taxpayer subsidies than carbon based sources.

      Who likes these sweetheart deals between state governments and PV companies?

      Government rentiers like Warren Buffet, who profits at the expense of the working and middle-class.

      Solar 15% Returns Lure Investments From Google to Buffett

      Buffett’s Berkshire Hathaway Inc. (BRK/A) together with the biggest Internet search company, the private equity company and insurers MetLife Inc. (MET) and John Hancock Life Insurance Co. poured more than $500 million into renewable energy in the last year. That’s the most ever for companies outside the club of banks and specialist lenders that traditionally back solar energy, according to Bloomberg New Energy Finance data.

      Once so risky that only government backing could draw private capital, solar projects now are making returns of about 15 percent, according to Stanford University’s center for energy policy and finance. That has attracted a wider community of investors eager to cash in on earnings stronger than those for infrastructure projects from toll roads to pipelines.

      Long-term power-purchase contracts are the key to making solar a reliable investment, Harris said. Utilities in sunny states such as California, Arizona and Nevada have agreed to pay premiums for electricity generated by sunshine.

      In California, where the largest plants are beginning to produce power, regulators approved contracts in 2010 for utilities to pay $161 to $232 a megawatt-hour for solar energy. That’s at least four times the $40 average wholesale price in Southern California at the time. Most such contracts are confidential to promote competition.

      Learn about Centrist Economics, learn about Robert Rubin's Hamilton Project.

      by PatriciaVa on Tue Jul 02, 2013 at 06:10:02 PM PDT

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      •  What crap! How do the "subsidies" for renewables (1+ / 0-)
        Recommended by:
        Calamity Jean

        possibly rival the costs for inevitable global warning that the hydrocarbon status quo will engender?

        Do you really want to try to equate the cost of Investment Tax credits and net metering with the near certain extinction of civilization as we know it?

        If so, you're coming from a truly warped place.

        Oh, and just to change the subject only slightly (thoughof course, you'll make it into the biggest deal in the world) how about the exemption from civil liability that the federal government (U.S. society) grants to the nuclear power industry?

        There can be no protection locally if we're content to ignore the fact that there are no controls globally.

        by oldpotsmuggler on Tue Jul 02, 2013 at 08:19:30 PM PDT

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