It is not exactly news to say clean energy could transform our region’s economy.
In 2019, nearly half of Minnesota’s power came from sources like wind and solar. The state’s wind generation capacity is nationally ranked in the top 10 and North and South Dakota are not far behind. And recent research has shown that investments in this emerging sector would create more jobs — and more economic growth — than comparable investments in fossil fuel power generation.
Indeed, some analysts have noted that the cost of building solar and wind facilities has plunged 72% to 90% over the past decade. Wind and solar are cheaper than existing coal plants and competitive with natural gas and nuclear alternatives.
However, there are very real challenges that could threaten this progress.