I have always had a hard time understanding why power companies don’t rush to renewable energy. At first I thought it may be because they did not understand the advantages of clean renewable energy. Then I thought it was because they didn’t believe that it would work.
Now I believe they are not adopting renewable energy because the costs are much lower! The costs of ANY renewable energy technology spread out over its lifetime is a flat line. There are no rising costs of production, changing prices for fossil fuels, or supply chain costs. The labor costs are about the only thing that will go up. Perhaps the costs of maintenance for wind farms and hydroelectric plants may go up a bit too.
If you install renewable energy systems it becomes difficult to raise the price of energy every year by 8% or 10%. The cost of doing business starts to flat-line. The Sun and the Wind do not charge for their power. Energy companies are committed as corporations to delivering ever increasing profits and returning dividends to share holders.
It seems to me that the idea of a renewable energy future, where we get all of our energy need from the Sun, Wind, or Water for FREE is not compatible with business model of energy production.