Lots of money is pouring in to construction wind and solar plants, but that will continue only if the massive subsidies stay in place.
7/25/17 – AP at Billings Gazette – Montana ruling casts shadow over future of solar farm – Montana state regulators approved a 80 GW solar plant with reported cost of about $100M.
The approval allows the output to be sold at only $20 per megawatt and that contract only runs for 10 years. Presumably after that time the company would have to sell whatever output is actually generated at market prices.
Company wants a 25 year contract at $43.50. Anything less than that makes it uneconomical.
Let me translate that.
The project will only be profitable if all of the following conditions are met: