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augustus331 t1_iuhm4hh wrote

Reply to comment by DiamondNuts69 in Why aren't people buying energy stocks? by InterestingHurry1834

I work in the renewable industry and stating that any fossil-fuel is more profitable than solar-PV or wind for that matter is not true.

The cost for renewables has come down from $380/MWh for solar in 2009 to around $40 in 2019, which is steadily dropping due to compound innovation and accelerated adoption.

I can't stress enough to conclude, that oil, gas, coal, lignite, wood, are not more profitable or economically sound (even when disregarding environmental damage, which we shouldn't), and they never again will be more profitable.

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DiamondNuts69 t1_iuhofip wrote

I work in wind. The company that I work for is -2Billion in profit in Q3.

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augustus331 t1_iuhq124 wrote

Alright, so how does that work, then?

Cost per MWh/KWh should be lower than hydrocarbon alternatives.

The losses are from CAPEX and scale-ups, or is the manner of production infeasible? If you can share, you don't have to name names ofc.

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