Hugh DaigleThis article strikes a somewhat pessimistic tone, but let me offer some thoughts. First, electricity might be cheaper overall down here but there are times when we REALLY NEED it - see ERCOT and MISO recently. So wind could be combined with large-scale storage like hydrogen. And you’d qualify for 45V tax credits even under the strictest additionality stipulations! There’s plenty of pore space out there for storage. https://heatmap.news/economy/gulf-mexico-leases-offshore-wind
Second, it’s not surprising that what works in New England might not work in the Gulf. But as we know from the oil and gas industry, success comes from being the first to figure out what works in your specific play. So let the innovation begin!
Devin Taylor@hugh_daigle As I sit here watching ERCOT bounce between $3,000 and $4,000/MW, I think that any generation that is available when solar and terrestrial wind are low will be plenty profitable.
@dt yeah pretty much