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We expect investors to become more pragmatic about the need for reliable, affordable power. Wind & solar stocks have been punished as project economics proved unworkable

(Orsted -72% from peak; SolarEdge -77%; Sunrun -82%).

On an all-in basis including storage & transmission, the average cost per megawatt-hour for natural gas is $38;nuclear $114; wind $291-504; for solar $413-548.

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