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Another interesting article on the state of play regarding renewables. I am purposely keeping the CC debate and vested interests separate of the renewable issue, for the purpose of the debate on the Power Grid.
https://www.abc.net.au/news/2020-02...ut-grid-instability/11993776?section=business
From the article:
Energy Security Board (ESB),
ESB chair Dr Kerry Schott told the ABC's AM program that the surge in wind and solar generation has been an added complication in the grid's ability to handle new energy sources.
While climate change is expected to worsen, the ESB report also highlights "remarkable growth" in renewable energy generation driven by falling technology costs, government programs and consumer preferences, with rooftop solar now accounting for 5 per cent of energy production.
In its annual health report on the national energy market, the ESB forecasts that renewable generation will expand from 16 per cent of the market in 2018-19 to 27 per cent by 2022, before surging to 40 per cent in 2040.
Gridlock on renewables investment
However, this forecast is threatened by a recent slump in renewables investment.
Spending on large scale renewable energy projects fell by more than 50 per cent in 2019 — from 51 projects worth nearly $11 billion to 28 projects worth $4.5 billion.
"With the slowdown that is underway in new renewable energy investment then certainly our existing commitments to Paris, let alone our ability to go beyond that into the future, certainly becomes much more difficult and quite questionable," Kane Thornton, the chief executive of the Clean Energy Council, said.
A major disincentive to newcomers is Australia's national electricity grid.
It is struggling to cope with the rate of development of renewable energy, leading to many solar and wind plants having their output slashed, while other new projects have experienced long waiting times to get connected in the first place.
Dr Schott warned that the surge in renewables also posed a return threat to the grid and its ability to consistently keep the lights on.
"The system wasn't built for it [renewables], but neither was anyone else's system in the world and everyone is going through the same type of change," she said.
The renewable energy sector wants the Federal Government to increase its energy market mandate by lifting the Renewable Energy Target to prepare for the phasing out of coal plants.
"They are going to retire," said Ms Watson.
"They do need massive refurbishment costs to be found. They are struggling with financing. They are struggling with insurance so it's inevitable that our coal fleet is going to disappear."
The ESB report forecast that, by 2042, almost all of the ageing coal fired power stations will be replaced by wind and solar combined with pumped hydro and battery storage.
"If you've got flat demand and not a lot of need for energy in general there's not going to be a lot of need for renewable energy," Matt Harris, head of Renewables and Climate Change at Frontier Economics, observed.
The renewable energy sector wants the Federal Government to increase its energy market mandate by lifting the Renewable Energy Target to prepare for the phasing out of coal plants.
"They are going to retire," said Ms Watson.
"They do need massive refurbishment costs to be found. They are struggling with financing. They are struggling with insurance so it's inevitable that our coal fleet is going to disappear."
The ESB report forecast that, by 2042, almost all of the ageing coal fired power stations will be replaced by wind and solar combined with pumped hydro and battery storage.
The Energy Security Board was established by the COAG Energy Council and is charged with coordinating a reform blueprint produced by Australia's chief scientist Dr Alan Finkel.
https://www.abc.net.au/news/2020-02...ut-grid-instability/11993776?section=business
From the article:
Energy Security Board (ESB),
ESB chair Dr Kerry Schott told the ABC's AM program that the surge in wind and solar generation has been an added complication in the grid's ability to handle new energy sources.
While climate change is expected to worsen, the ESB report also highlights "remarkable growth" in renewable energy generation driven by falling technology costs, government programs and consumer preferences, with rooftop solar now accounting for 5 per cent of energy production.
In its annual health report on the national energy market, the ESB forecasts that renewable generation will expand from 16 per cent of the market in 2018-19 to 27 per cent by 2022, before surging to 40 per cent in 2040.
Gridlock on renewables investment
However, this forecast is threatened by a recent slump in renewables investment.
Spending on large scale renewable energy projects fell by more than 50 per cent in 2019 — from 51 projects worth nearly $11 billion to 28 projects worth $4.5 billion.
"With the slowdown that is underway in new renewable energy investment then certainly our existing commitments to Paris, let alone our ability to go beyond that into the future, certainly becomes much more difficult and quite questionable," Kane Thornton, the chief executive of the Clean Energy Council, said.
A major disincentive to newcomers is Australia's national electricity grid.
It is struggling to cope with the rate of development of renewable energy, leading to many solar and wind plants having their output slashed, while other new projects have experienced long waiting times to get connected in the first place.
Dr Schott warned that the surge in renewables also posed a return threat to the grid and its ability to consistently keep the lights on.
"The system wasn't built for it [renewables], but neither was anyone else's system in the world and everyone is going through the same type of change," she said.
The renewable energy sector wants the Federal Government to increase its energy market mandate by lifting the Renewable Energy Target to prepare for the phasing out of coal plants.
"They are going to retire," said Ms Watson.
"They do need massive refurbishment costs to be found. They are struggling with financing. They are struggling with insurance so it's inevitable that our coal fleet is going to disappear."
The ESB report forecast that, by 2042, almost all of the ageing coal fired power stations will be replaced by wind and solar combined with pumped hydro and battery storage.
"If you've got flat demand and not a lot of need for energy in general there's not going to be a lot of need for renewable energy," Matt Harris, head of Renewables and Climate Change at Frontier Economics, observed.
The renewable energy sector wants the Federal Government to increase its energy market mandate by lifting the Renewable Energy Target to prepare for the phasing out of coal plants.
"They are going to retire," said Ms Watson.
"They do need massive refurbishment costs to be found. They are struggling with financing. They are struggling with insurance so it's inevitable that our coal fleet is going to disappear."
The ESB report forecast that, by 2042, almost all of the ageing coal fired power stations will be replaced by wind and solar combined with pumped hydro and battery storage.
The Energy Security Board was established by the COAG Energy Council and is charged with coordinating a reform blueprint produced by Australia's chief scientist Dr Alan Finkel.