Colorado's largest utility needs more electric generation capacity, and the results of its new generation bidding process are shocking.
Xcel states: "Based on generation needs, the most reliable and most cost-effective resources happen to be solar and wind. We are not taking on solar because we have to, but because it is cost-effective and economical."
In Colorado, a large producer of natural gas, solar is competitive with gas. As you can see, Xcel states that wind is also competitive with gas. But that's not news at this point.
The solar industry's already successful drive to cut costs is now the most important story in energy. And remember cost reductions in solar are far from over.