Why Was $66 Billion Spent on Renewables Before the Texas Blackouts?

By Paul Homewood

 

 

Reposted from Real Clear Energy:

 

 

image

The oldest maxim in politics is “follow the money.” That maxim also applies to electric grids.

Following the billions of dollars that have been spent on the Texas grid explains why the state continues to have electricity shortages. On Monday, ERCOT, the state’s troubled grid operator, asked Texans to reduce their electricity use. That request came exactly four months after Texas residents were asked to conserve electricity due to a massive winter storm.

Before going further, I’ll give you the punchline: As I explained in these pages in April, about $66 billion was spent on wind and solar in Texas in the years before the deadly February storm that left millions of Texans without electricity. In return for that $66 billion, the wind and solar sectors collected about $21.7 billion in local, state, and federal subsidies and incentives. That first figure comes from the wind energy and solar energy lobbies. The latter number comes from a report published last week by veteran Texas energy analyst Bill Peacock of The Energy Alliance.

Full story here.

via NOT A LOT OF PEOPLE KNOW THAT

https://ift.tt/3q7Sepm

June 19, 2021 at 03:51AM

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s