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

By Paul Homewood



Reposted from Real Clear Energy:




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.



June 19, 2021 at 03:51AM

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