1. Unsubsidised wind and solar now cheapest form of bulk energy
That is the case in all major economies except Japan, according to BNEF. From RenewEconomy:
The latest report says the biggest news comes in the two fastest growing energy markets, China and India, where it notes that “not so long ago coal was king”. Not any more.
“In India, best-in-class solar and wind plants are now half the cost of new coal plants,” the report says, and this is despite the recent imposition of import tariffs on solar cells and modules. Continue reading Climate clippings 228
That was the headline in the dead tree version of the AFR. Bill Ferris is the outgoing Science and Innovation Australia chair. He says he didn’t find the Coalition government’s rewriting of the ACCC report to support coal-fired power a helpful signal, but:
On the weekend Energy Minister Josh Frydenberg gently reminded the Coalsheviks in the LNP Coalition that they should not be flirting with the idea of coal-fired power, because
we have to factor in a “carbon-constrained future”.
He warns that they may be investing in what will become ‘stranded assets’ before they wear out.
Why doesn’t he tell them like it really is? Tell them to look out the window.
The heatwave in Europe this year has been assessed as ‘five times’ more likely because of climate change. The northern summer’s heat is being recognised as the strongest climate signal yet. Wildfires have raced through neighborhoods in the western United States, Greece and as far north as the Arctic Circle. Drought is threatening food supplies: Continue reading NEG policy disaster won’t fly
In the largest solar power purchasing deal ever by an industrial energy user in Australia BlueScope Steel will take the bulk of the electricity from the 133MW (AC) Finley Solar Farm to be built 100km west of Albury.
There’s more at RenewEconomy: Continue reading BlueScope signs up with 500,000-panel solar farm
On Wednesday morning Ben Potter’s article in the AFR Coalition fiddles as renewables remake grid told business leaders and politicians what is actually happening before their eyes.
Over at the Oz the headline was:
Abbott call: Pull out of Paris deal
NATS DEMAND THREE COAL POWER STATIONS
So, what is going on? We’ll look at the Nats first, then Abbott, and finally, the real world. Things are coming to a crunch point which will determine how Malcolm Turnbull’s stewardship is seen by future generations. Continue reading ‘Coalsheviks’ want to head renewable energy off at the pass
The Australia Institute has instituted a National Energy Emissions Audit , which Giles Parkinson wrote about at RenewEconomy.
The April-May update tells us:
- The capacity of large-scale solar generation supplying the National Electricity Market tripled between March and early May.
- South Australia became a net energy exporter for the first time in March, selling the state’s abundant wind-generated power into Victoria.
- NSW coal-fired power stations have been consistently at 65% capacity despite three closures and speculation over Liddell, with imports switching from Victoria to Queensland post Hazelwood.
Continue reading National emissions audit shows NSW in some trouble
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
About a month ago Meridian Australia’s CEO Ed McManus said that while the electricity market can turn on a dime, stability had returned to the market and the trend looks good. They had just concluded a swag of hydro, wind and solar power deals which will deliver cheaper electricity than the company could buy in the wholesale market. So their retail arm Powershop was offering a 5 per cent price cut to consumers.
Continue reading Energy crisis? What energy crisis?
I’ve just noticed that last September I followed CC 214 with CC 115. My bad.
1. Solar, wind and hydro could power the world, at lower cost
That is according to an updated study by Stanford University professor Mark Jacobson and colleagues at the University of California at Berkeley and Aalborg University in Denmark summarised by Giles Parkinson.
it lays out three different methods of not just providing 100 per cent renewables for electricity, but also for heating and cooling, for transportation, and even agriculture, forestry and fishing.
Continue reading Climate clippings 221
Andrew Vesey, CEO of AGL made his attitude to new coal clear:
“It is very simple: We are overloading the atmosphere with heat-trapping gas and the rest is details,” Mr Vesey told an investor briefing in Sydney, where he again forcefully ruled out any investment in new coal-fired power.
He said there were two strategic imperatives that govern all AGL’s investments – affordability and the tenet that the future will be carbon-constrained, making new coal too risky as an investment.
AGL has confirmed its plans to close the Liddell coal generator in NSW and “replace it with 1.6GW of renewables, plus storage and other technologies – saying it was a smarter, cheaper, cleaner and more reliable option than keeping the ageing and unreliable coal plant open.” Continue reading AGL’s $1.36 billion plan to replace Liddell
Miners are meant to rehabilitate old mine sites. An attractive alternative can be to turn them into money-making concerns by means of pumped hydro.
On 27 November Sophie Vorath wrote that the first phase of the Kidston Renewable Energy Hub – a world-first solar and pumped hydroelectricity hybrid – would be generating power for the grid within the next 10 days, which means it started to operate while the votes were being counted in the Queensland election.
There’s more from ARENA, which contributed funding, at Renewable, reliable energy from an old, abandoned mine site? That’s gold Continue reading Turning old mine pits to electricity gold