Snowy Hydro and the future of renewables

Snowy Hydro 2.0 was, I thought, being justified at the political level by its capacity to back up with pumped storage some of the “reckless” development of wind and solar energy around the place. RenewEconomy now reports that Snowy Hydro is itself planning to develop 800 MW of wind and solar capacity. It has put out an expression of interest document, aiming to conclude contracts by September:

    “The initial aim is to procure 400MW of wind and 400MW of solar off takes,” the document states, although the company may change its mind on the 50/50 split between wind and solar depending on the offers made.

    “Snowy Hydro’s goal is to construct a portfolio of wind and solar offtakes such that the resulting portfolio benefits from diversification of fuel sources (wind / sun), geography (across NEM States, latitude and longitude) and supply profile (intra-day, week, month and season).”

Continue reading Snowy Hydro and the future of renewables

Saturday salon 2/6

1. CSL and Cochlear say ‘show us the money’

Or at least show a bit of interest.

Here they have to chase government, whereas other countries, such as Singapore and Ireland:

    “actively come out and court companies like ours” with a unified package of incentives and benefits, he said. These could include a lower headline tax rate, and other financial concessions or benefits in exchange for specified investment, jobs and revenue outcomes from biotech and technology.

Continue reading Saturday salon 2/6

Climate clippings 224

1. Oil and car companies are suddenly investing in electric vehicles. Here’s why.

Joe Romm’s article was also posted at RenewEconomy.

AEMO wants ‘demand response’ as strategic reserve

You will recall that after the closing of Hazelwood Power Station at the end of March 2017 fears were held that the 2017-18 summer would see extensive blackouts. AEMO, the Australian Energy Market Operator, was tasked to assemble a strategic reserve to keep the lights on.

AEMO assembled a reserve of 1150 megawatts mainly “demand response” capacity with capital cost approaching zero, but the mechanism the agency had used called the Reliability and Reserve Trader or RERT, can’t be automatically rolled over for the summer of 2018-19. And perhaps it can’t be done at all, because the rule-maker, the Australian Energy Market Commission, has changed the rules governing the RERT so that the mechanism can only be used on 10 weeks notice in an emergency as a last resort, which is simply impractical.

So what is going on? Continue reading AEMO wants ‘demand response’ as strategic reserve

Saturday salon 26/5

1. The sad case of Carolyn Flanagan

    Carolyn Flanagan was like any mum – all she wanted to do was to help her daughter with a loan to buy a business.

    “I’d have signed anything for her, love,” she told counsel assisting the banking royal commission, Michael Hodge, QC. “If you can’t help your children, who can you help?”

That wasn’t exactly what Michael Hodge QC wanted to hear from the elderly lady who went guarantor for $165,000 for her daughter in 2010 to invest in a business that went bust. Westpac demanded her Sydney house with vacant possession, so they could get their money back. That was in 2014. Continue reading Saturday salon 26/5

Will Labor’s budget dream team prevail?

Chris Bowen’s has a copy of Paul Keating’s After words in his office, signed by PJK with the words “I write with faith and hope in your public life.” That is not a trivial endorsement, according to Peter Hartcher in Bowen seizes the chance to make history.

Keating says Bowen is “first and foremost a rationalist. He is a rationalist more than he is an ideologue.” Continue reading Will Labor’s budget dream team prevail?

Bowen articulates Labor’s budget plans

In his Budget Reply Address to the National Press Club Peter Hartcher in a piece Bowen seizes chance to make history reckons Labor’s plans amount to a trifecta:

  • First, it has promised a tax cut almost twice as big as the government’s for lower and middle income earners, $928 a year against the government’s $530.
  • Second, Labor has promised to spend more on its “inclusive growth” agenda centred around education, skills training and health care.*
  • Third, it has promised to return the budget to a bigger surplus than the government’s planned $2.2 billion for 2019-20, and to press on to a surplus of at least one per cent of GDP.

Continue reading Bowen articulates Labor’s budget plans

Saturday salon 19/5

1. Glyphosate shown to disrupt microbiome ‘at safe levels’, study claims

I’ve been aware of this one for a while and would like to investigate it further. Some say it is bigger than asbestos by far, with glyphosatye found in beers imbibed at the Munich beer festival. Meanwhile a new study has found that glyphosate disrupts the biome at ‘safe’ levels of application.

The study found disrupting effects on sexual development, genes and beneficial gut bacteria in rats.

    “Disruption of the microbiome has been associated with a number of negative health outcomes, such as obsesity, diabetes and immunological problems.”

Continue reading Saturday salon 19/5

Climate clippings 223

1. Climate as an existential threat

Last September I half-finished a post on this topic, with a paper by David Spratt and Ian Dunlop as the centre-piece. Their 28-page report on the state of climate science, action and politics entitled What lies beneath? The scientific understatement of climate risks is introduced as a post at Climate Code Red, but I suggest you go directly to the paper itself. Read any part of it, and I can promise you will be alarmed. Continue reading Climate clippings 223

Climate change, sustainability, plus sundry other stuff