Renewable Energy in Texas ENERGY EDGE CONSULTING |

Transcript:Renewable Energy in Texas ENERGY EDGE CONSULTING |:
Renewable Energy in Texas ENERGY EDGE CONSULTING | SERVICE OVERVIEW RISK MANAGEMENT SERVICES ENERGY PROCUREMENT SERVICES SUPPORT SERVICES SUSTAINABILITY SERVICES Renewable Strategy Development Financial and Market analysis Independent assessment and procurement 3 Renewable energy is cheaper than traditional grid power. Truths and Myths About Renewable Energy | WHAT TO BELIEVE 4 Today’s Agenda Current renewable energy landscape in Texas Real costs of renewable energy and how it compares to the costs of traditional retail power Offsite solar Rooftop solar Wind energy Pro’s and cons associated with purchasing long-term renewable energy Sourcing additional power that is not provided by a solar or wind asset (i.e. night time power or power when the wind doesn’t blow) Is renewable energy a good fit for my organization SEPARATEING FACT FROM FICTION | AGENDA Significant Changes have been playing out in the U.S. solar market Solar energy, while still a small portion of the generation makeup in the U.S., has grown substantially in the past 5 years Major improvements in efficiency of manufacturing and cost of solar modules and other equipment have dramatically lowered costs States with strong solar or renewable mandates have seen large increases in solar installed (CA, MA, NJ, NC, VA) Other markets with favorable wholesale conditions have seen growth (AZ, TX) The current economics for utlility scale solar are competitive with traditional power sources in some markets The on-peak nature of solar energy and relative predictability of production help in this regard The Federal Investment Tax Credit was extended for several more years, driving further demand RENEWABLE ENERGY IN THE U.S. | SOLAR ENERGY U.S. Solar PV Installations The U.S. wind energy market has also seen explosive growth Wind electricity generation in some U.S. markets has seen explosive growth (CA, IA, KS, OK, TX) The CREZ transmission build out in Texas aided this substantially The federal production tax credit was extended though it does decline from 2016 levels each year from 2017-2019 One challenge with the substantial build out of wind (and solar) in some markets is managing the intermittent nature of wind electricity This has spurred the need for new/higher levels of ancillary services to ensure grid reliability The less predictable nature of wind generation and additional moving parts requiring maintencance relative to other renewable technologies are important considerations RENEWABLE ENERGY IN THE U.S. | WIND ENERGY U.S. Wind Generation Capacity Source: American Wind Energy Association RENEWABLE GOALS | PURCHASING