Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, March 24, 2011

Wind, solar becoming cost competitive: Chu





Washington (AFP) March 23, 2011 Clean sources of energy such as wind and solar will be no more expensive than oil and gas projects by the end of the decade, US Energy Secretary Steven Chu said Wednesday. President Barack Obama's administration has been encouraging companies to invest in green growth, calling it a new source of jobs and fearing that other nations -- led by China -- are stealing the march.
"Before maybe the end of this decade, I see wind and solar being cost-competitive without subsidy with new fossil fuel," Chu told an event at the Pew Charitable Trusts.

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