BARBARA BLUMENTHAL / NJ SPOTLIGHT – Plummeting costs for solar and onshore wind power are changing America’s energy landscape and accelerating the shift away from dirty fossil fuels.
In states as diverse as Iowa, Texas, Minnesota and Arizona, competitive bids show that renewables can beat the costs of new natural gas plants in many places, even with today’s low gas prices. As the costs of renewables continue to decline, market forces will drive replacement of coal and natural gas with safe, clean, affordable energy across much of the country.
These underlying cost trends explain why New Jersey will benefit from the clean energy law Gov. Phil Murphy signed last year, which requires quickly ramping up our renewable requirement to reach 50 percent in 2030 …
Barbara Blumenthal is research director with the New Jersey Conservation Foundation.