Natural gas-fired power plants, which are largely responsible for undermining the economics of coal-fired plants, are expected to be undercut by renewable power by 2035. According to a September 9 report from the Rocky Mountain Institute, analysis performed on the cost of construction, fuel, and anticipated operations for 68 gigawatt gas plants compared to the cost of building a combination of solar farms, wind plants, and battery systems indicate that it will be more expensive to run 90% of the gas plants being proposed in the U.S. compared to sustainable energy plants. As gas plants lose their viability and power markets, the economics associated with pipelines is expected to suffer too.

For more information on wind and solar power, please contact Phillip Hoover.