WSJ: Utility Companies Sell Wind, Solar Farms to Shore Up U.S. Power Grid
July 05, 2023 This article discusses U.S. utility companies selling their wind and solar farms to fund upgrades in the power grid. The sales aim to modernize infrastructure to accommodate growing power demands, especially from electric vehicles, and to enhance resilience against severe weather. The utilities are reallocating resources from the competitive renewable energy sector to focus on regulated investments, which offer predictable returns. This shift highlights the challenges of navigating the renewable sector amid rising interest rates and inflation.