In conflicting articles, Bloomberg tries to get its arms around the race between Wind power and Natural Gas. The two have been neck and neck leaders for most new electrical capacity, with solar coming up on the outside.
Wind power in the U.S. is on a respirator.
The $14 billion industry, the world’s second-largest buyer of wind turbines, is reeling from a double blow — cheap natural gas unleashed by the hydraulic fracturing revolution and the death last year of federal subsidies that made wind the most competitive of all renewable energy sources in the U.S.
Without restoration of subsidies, worth $23 per megawatt hour to turbine owners, the industry may not recover, and the U.S. may lose ground in its race to reduce dependence on the fossil fuels driving global warming, say wind-power advocates.
They place the subsidy argument in the context of fairness…
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