That was the headline on the front page of the AFR on Friday.
Renewable energy news
I’m reminded of my school days when our German teacher on the last day of term used to read us tales of Baron Münchhausen, who on one occasion jumped on his horse and rode off madly in all directions. There is so much going on, fully covered at RenewEconomy, so it is difficult to select the most significant. I’ll try a couple of themes, and include some AFR coverage, which is trying to keep business informed.
The South Australian tender for 100MW grid-scale storage has received 90 expressions of interest from 10 countries, demonstrating an established global industry. Continue reading Climate clippings 203
When Elon Musk dramatically promised to build a grid-scale battery in South Australia, the media was enthralled. Share traders and a string of Australian fund managers smirked. They’d seen it all before, and were shorting him in the market.
In that very week he was in the market with plans to raise $US1.15 billion in equity and convertible notes. I understand also that Tesla has gone strangely quiet about SA since then. Continue reading Climate clippings 201
The Murdoch media continues to lay the blame on renewables, a notion specifically rejected by AEMO, leading to a Twitter battle between SA minister Tom Koutsantonis and The Australian’s Adelaide bureau chief, Michael Owen.
Craig Emerson says we can get the gas we need, but is it necessary?
Craig Emerson has an article in the AFR, also on his site, suggesting that politicians need to urgently turn their minds to gas supply in east Australia. Emerson had warned them back in 2014, but they took no notice, and AEMO assured everyone there was no problem.
Suddenly there is. The price of gas-fired electricity threatens manufacturing jobs, and gas is needed to replace coal-fired power. Continue reading Gas, pumped storage and energy futures
- Tesla founder and CEO Elon Musk has again set tongues wagging, this time with his declaration last week that his newly launched integrated solar roof tiles could actually cost less to install than a regular roof – making the renewable electricity they produce “just a bonus”. Continue reading Climate clippings 191
David Leitch’s article Battery storage: Bad advice about costs is fooling Australian governments reviews two American reports on grid-scale battery storage in the states of Texas and Massachusetts. He says the reports:
- are detailed, professionally modelled and far more forward looking and sophisticated than anything so far produced by traditional Australian electricity consultants such as Jacobs, Frontier, IES, Ernst & Young or ACIL Allen.
Leitch, the principal of ITK says in their view:
- Australia is being held back, in part, because consultants in Australia provide advice to federal and state governments based on expensive models that are basically out of date. The models don’t, and in fact can’t, take an integrated (whole of system) view.
Bloomberg is warning that the multi-trillion-dollar ‘big crash’ in oil investments could start as soon as 2023. However, the smart money is bound to move earlier. Here’s the progress of electric car sales:
In what is called ‘attribution science’ climate scientists are getting better at analysing how much climate change has influenced particular extreme weather events.
In short, it is no longer a question of weather there is an influence, rather how much.
Half the price of coal!
- In last week’s energy auction, Chile accepted a bid from Spanish developer Solarpack Corp. Tecnologica for 120 megawatts of solar at the stunning price of $29.10 per megawatt-hour (2.91 cents per kilowatt-hour or kwh). This beats the 2.99 cents/kwh bid Dubai received recently for 800 megawatts. For context, the average residential price for electricity in the United States is 12 cents per kilowatt-hour.