Earlier quoted context omitted.
The cynic in me thinks the reason fossil energy companies are keen to invest in wind and solar is that they don't believe it can operate independently of natural gas backup any time in the near future and they want to secure some baseline level of demand going forward by ensuring it wins out over nuclear (fission or fusion), advanced geothermal or any other promising low-carbon generation option that doesn't have int…
Another reading is that those companies are in the energy business and at some level don't really care how it's generated as long as it's utility scale and has sufficiently low cost that they can make money. After all you still need distribution networks, load management, marketing, sales, administration, etc. regardless of where energy comes from. That's what energy companies provide.
Re: Offshore wind will be a $1T industry by 2040, but it's needed now
#181Renewables tend to come with less risk and volatility as well. No oil spills,geopolitics affecting prices,etc...