Oil companies are collapsing, but wind and solar energy keep growing

by Ivan Penn, The New York Times

Highlights

• Renewable energy sources, such as wind and solar, may comprise 21% of the electricity in the U.S., up from about 18% in 2019
• Solar and wind are producing electricity at a cost-competitive rate in the U.S. and throughout the globe compared to natural gas and coal due to government mandates to address the climate crisis
• The pandemic has been hard on smaller solar companies who are seeing declines in rooftop installations
• Energy research firm Wood Mackenzie estimates that solar and wind power will continue adding capacity throughout the year
• Renewable energy has become more financially attractive as developers can build wind and solar farms more quickly than gas and coal plants

Fossil fuel divestment and the transition to 100% clean energy is critical to achieving The Climate Center’s goals under the Climate-Safe California Platform.

Read More: https://www.nytimes.com/2020/04/07/business/energy-environment/coronavirus-oil-wind-solar-energy.html

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Nina Turner

Nina is a graduate of the Energy Management and Design program at Sonoma State University. She has experience in non-profits that specialize in sustainability and volunteerism. Nina is currently the Energy Program Coordinator and produces the bi-weekly Clean Power Exchange newsletter.

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