Re:1 TW of solar to be deployed annually by 2030
by pjc50 on Thursday May 19, 2022 @05:20AM
(#31432401)
You know what else requires lots of capex and produces a commodity product? Oil.
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Re:1 TW of solar to be deployed annually by 2030
by missedthecue on Thursday May 19, 2022 @12:06PM
(#31436460)
But oil goes to $110/barrel sometimes (like it is now), and Exxon gets to make a ton of money.
With renewables, you're locked in for decades when you sign the contract. There's no upside swings.
And oil isn't a great business to be in either. Return on Equity for the whole US industry since 2010 or so has been ~0%