http://www.renewableenergyworld.com/rea/news/article/2011/06/utilities-developing-more-solar-projectsOften slow to adapt to change, utilities, by most measures, are traditional companies that prize stability above all else.
But experts are now seeing shifts in the industry that reflect changing models and an increased acceptance of renewable-based technologies. As solar power continues to spread beyond the traditional hotspots, it’s now the utility companies are often driving that change, according to SEPA’s 2010 utility solar report.
For utilities, the reasons behind their continued renewable energy investment in a market dominated by coal, natural gas and nuclear power is as diverse as the companies themselves. For some, it’s been a mandate set forth by their state. For others, it’s been a natural part of diversification as utilities look to hedge against the volatility of fossil fuels. And in many markets, the driving force has been consumer demand in tandem with the falling prices for solar technology.
“It’s very much policy driven. Targets still comprise a majority of the activity,” said Bob Gibson, Vice President of Market Intelligence for SEPA. “Utilities see the costs continuing to come down. Even with that, most of the growth is to meet the portfolio standard. But they see it as the start of having a truly diversified portfolio.”
<more>
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
