Rocky Mountain Institute’s Amory Lovins says attempts to reboot coal and nuclear power like defibrillating a corpse: “it will jump but won’t revive.”
A 754MW solar PV plant in Villanueva and Tesla’s stockmarket manoeuvres help drive a “tepid” Q1 of clean energy investment, says BNEF.
BNEF report latest to debunk Coalition clean coal plans, finding it to be super expensive, and not very clean (unless you add CCS, and then its ultra-super expensive). As for Turnbull’s argument that our grid needs more baseload…
The inevitable has apparently happened; utility-scale solar-generated power appears to be cheaper than wind – and both are cheaper than fossil-fuel generated power.
Old energy rules were all about locking in cheap base-load power, and supplementing it with more expensive capacity, generally gas, to meet the peaks. The new way is about putting in super-cheap, “base-cost” renewable power at the heart of the world’s grids.
The strong growth in large scale renewable project financing in Australia could be just the beginning of major wave of investment, and points to RET being met by 2020.
After two disastrous years, investment in large scale renewable energy finally rebounded in Australia in 2016, and actually went against the global trend with a 50 per cent increase.
BNEF report says offshore wind LCOE has fallen to a benchmark estimate of $126/MWh on the back of auction programs in Netherlands, Denmark.
After a record year in 2015, BNEF says “worryingly low” clean energy investment in Q3 2016 somewhere between a ‘flash crash’ blip, and ‘new normal’.
BNEF report says poorly functioning gas market main cause of SA power price spike, blaming renewables “erroneous and simplistic.”
Australia’s electricity mix to shift rapidly from coal and gas to wind and solar, predicts Bloomberg New Energy Finance. Households play a critical role, but the key to their scenario may be the success of the current renewable energy target.