In this interesting post ‘The Third Phase of Clean Energy Will Be the Most Disruptive Yet‘, Ramez Naam exposes that clean power has now reached the stage of being competitive with existing fossil fuel facilities, which is a major milestone.
According to him this is phase 3 after two initial phases
- Initial developments dependent on subsidies
- Clean Power is competitive for new developments only
The post provides some statistics and trends to support the analysis. Still the most important is that in certain circumstances clean energy may challenge existing facilities. This leads thus to a substantial loss of asset value and upcoming major financial headaches for power companies, which often are very much in debt and still reimbursing the investment.
Be ready for substantial transformation of the energy market in the next few years, with potentially substantial value redistribution between players!
