The bill to get power grids ready for renewables? $1.4 trillion a year
London | The need to build huge amounts of extra electricity transmission capacity worldwide is threatening to become a serious bottleneck in many countries’ push towards renewable energy, consultancy firm BCG has warned.
In a report released on Wednesday, BCG said the scale of investment needed in electricity grids – up to $US900 billion ($1.4 trillion) a year – could be almost as much as the capital needed to actually build the solar and wind generation capacity.
The wind & solar farms need to be accountable for the cost of the grid in linking up to established lines,
This costs HAS to part of THEIR CAPEX.
If Cannot be passed onto the consumer .
So NO, not cheaper....more expensive for the end user.
