The renewable energy industry has made great strides over the past few years. Growth has been in the double digits, with the benefits flowing to developers, investors, manufacturers, and the public. The availability of capital for projects has been accompanied by rapid decreases in costs for wind and solar technologies. The result? Renewable energy is making strides toward being an affordable alternative to traditional energy sources. Although nuclear, coal and gas generation still form the bedrock of American energy supply, in light of the push by regulators and the public to require use of renewable energy, reducing the cost of renewable energy sources will not only benefit the climate, but could minimize hikes in energy prices resulting from the imposition of renewable requirements. Continue reading
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