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Merit order, falling demand claim their biggest coal victim
The closure of a unit at the Yallourn brown coal generator makes it clear now that Australia has a unique opportunity to effect a dramatic change in its energy make-up, if it’s got the courage of its convictions. Even if you accept the coal industry’s rubbery numbers, that will only cost 5c a day. -
Solar Insights: PV costs set for another 30% fall in 2012
Solar PV costs will fall another 30 per cent in 2012, with some developers able to write offtake agreements of less than 10c/kWh. But while solar becomes competitive with conventional power, it is still a dangerous place for investors. Plus: news from Canadian Solar, solar auctions in Egypt and Saudi Arabia, and Japan’s solar surge. -
Is this the beginning of the end of coal-fired generation?
The government owned Stanwell Corp has put 700MW of coal-fired generation on ice because of falling demand, and the impact of renewables and the carbon price. Its annual report reveals that its entire portfolio of 4GW of coal and gas fired power plants may be surplus to requirements.
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