Think of this as Volume 18, Number 5 of the newsletter I have written weekly since March, 1997. Enjoy.
In fact, investment in renewable projects is down from its peak. But absolute dollars don’t tell the whole story
The fact is, lower costs for solar and wind mean you get more bang for your buck. You can add more power to the grid with $1 today than you could yesterday, or the day before.
More important, you don’t need subsidies to make the investment any more. Solar and wind are becoming cost-competitive with coal and natural gas in the developed world, and they’re incredible values elsewhere.