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the Swiss are investing in our Future (Read 980 times)
DonDeeHippy
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the Swiss are investing in our Future
May 30th, 2018 at 2:54pm
 
I'm sure Australia has about 20 Gigawatt of capacity now
this is huge....

https://cleantechnica.com/2018/05/29/swiss-equity-firm-commits-to-1-3-gigawatt-a...
Swiss private equity firm Partners Group has announced that it is investing AUD$700 million in the development of the Grassroots Renewable Energy Platform in Australia, a 1.3 gigawatt (GW) renewable energy platform which will be made up of wind, solar, and battery storage assets built across the country in the next four years.
On Monday, Partners Group announced that it was teaming up with local developer CWP Renewables and will invest AUD$700 million (USD$527 million) into the development of a large-scale renewable energy platform which includes two projects already under construction, the announcement of imminent construction of a third project, and the promise of more, to a total of 1.3 GW.
“In Australia’s energy market, a significant transition away from fossil-fuel power is now underway,” said Haan. “The compelling economics of renewables and the age of older coal plants is driving that change, the speed of which is ramping up. While it is true that political instability has delayed the transition in the past and the sector is still somewhat fragmented, the Grassroots platform is aimed at this transition and its business plan is robust enough to deal with any likely outcomes from the current political debate. We believe Grassroots has the scale and the competitive edge to succeed and become a significant renewable IPP in Australia.”
The nature of the country’s political apathy has therefore forced developers and financial backers to look to other means and avenues to support the great potential of Australia’s renewable energy resources.
“We have long emphasized the attractiveness of the Australian renewable energy sector,” said Benjamin Haan. “However, as competition from low cost-of-capital buyers has driven down returns for operating renewable assets, we have focused instead on opportunities to build assets and expand them into platforms with the aim of exiting large, stabilized core assets in the longer term. The Grassroots platform allows us to aggregate a number of projects and build a platform of significant scale. Our 1.3 GW project pipeline also means we can be selective and develop Grassroots into a platform of quality renewable assets which will be attractive to core investors.”

Despite our dodgy pollies they r going ahead  Wink Wink
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BigOl64
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Re: the Swiss are investing in our Future
Reply #1 - May 30th, 2018 at 3:38pm
 


So the south Aus battery cost $100 mil and it is good for 3000 homes for 10 hours, and they are spending $700 mil in total, power and storage.

Yes this is fkking exciting, enough to power a city of less than 20 000 homes, only 9 000 000 more to power up later, with spare multi trillion dollar loose change we found in the couch.


The swiss are doing fkk all, just like tesla did fkk all.




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Bobby.
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Re: the Swiss are investing in our Future
Reply #2 - May 30th, 2018 at 6:34pm
 
BigOl64 wrote on May 30th, 2018 at 3:38pm:
So the south Aus battery cost $100 mil and it is good for 3000 homes for 10 hours, and they are spending $700 mil in total, power and storage.

Yes this is fkking exciting, enough to power a city of less than 20 000 homes, only 9 000 000 more to power up later, with spare multi trillion dollar loose change we found in the couch.


The swiss are doing fkk all, just like tesla did fkk all.




BigOl - you don't know what you're talking about.
The batteries are good for instant power while they wait
for coal power stations to reach operating temperature.
Batteries prevent power outages.
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lee
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Re: the Swiss are investing in our Future
Reply #3 - May 30th, 2018 at 6:56pm
 
DonDeeHippy wrote on May 30th, 2018 at 2:54pm:
I'm sure Australia has about 20 Gigawatt of capacity now



Australia's electricity production was 257 Terawatthours or 257,000 Gigawatt hours in 2015-16.

The  share  of  coal  remained  at  63  per  cent  in  calendar year 2016.

Renewable energy in 2015-16 was was 15% of total generation.  About 38,500Gigawatthours. 7% hydro would be about 18,000 Gigawatthours.

"The majority of renewables growth was from hydro, but strong growth also occurred  in  solar  and  wind. Hydro  accounted  for  7  per  cent  of  total  generation in calendar year 2016, with wind accounting for  5 per cent. Solar accounted for 3 per cent of total generation in 2016 and almost all of this
was small-scale PV.  "

https://www.energy.gov.au/sites/g/files/net3411/f/energy-update-report-2017.pdf
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« Last Edit: May 30th, 2018 at 7:06pm by lee »  
 
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DonDeeHippy
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Re: the Swiss are investing in our Future
Reply #4 - May 30th, 2018 at 9:23pm
 
lee wrote on May 30th, 2018 at 6:56pm:
DonDeeHippy wrote on May 30th, 2018 at 2:54pm:
I'm sure Australia has about 20 Gigawatt of capacity now



Australia's electricity production was 257 Terawatthours or 257,000 Gigawatt hours in 2015-16.

The  share  of  coal  remained  at  63  per  cent  in  calendar year 2016.

Renewable energy in 2015-16 was was 15% of total generation.  About 38,500Gigawatthours. 7% hydro would be about 18,000 Gigawatthours.

"The majority of renewables growth was from hydro, but strong growth also occurred  in  solar  and  wind. Hydro  accounted  for  7  per  cent  of  total  generation in calendar year 2016, with wind accounting for  5 per cent. Solar accounted for 3 per cent of total generation in 2016 and almost all of this
was small-scale PV.  "

https://www.energy.gov.au/sites/g/files/net3411/f/energy-update-report-2017.pdf

257,000 gwh into 365 days and 24 hours is 29 1/3 a hour
I knew it was 20 something  Tongue
Ok it’s 50gwh max in aus, average use is 29 1/3 gwh Smiley Wink Wink
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« Last Edit: May 31st, 2018 at 7:15am by DonDeeHippy »  

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DonDeeHippy
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Re: the Swiss are investing in our Future
Reply #5 - May 30th, 2018 at 9:26pm
 
BigOl64 wrote on May 30th, 2018 at 3:38pm:
So the south Aus battery cost $100 mil and it is good for 3000 homes for 10 hours, and they are spending $700 mil in total, power and storage.

Yes this is fkking exciting, enough to power a city of less than 20 000 homes, only 9 000 000 more to power up later, with spare multi trillion dollar loose change we found in the couch.


The swiss are doing fkk all, just like tesla did fkk all.





1.3 gw is over a million homes, so it’s pretty big Smiley Smiley
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Re: the Swiss are investing in our Future
Reply #6 - May 30th, 2018 at 9:49pm
 
The closet-pom whiners are starting already with BigHole64 leading the pack.

Watch the howls if the Swiss make a profit. The closet-pom whiners will allege rip-off.
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“I’ll let you be in my dreams if I can be in yours” Bob Dylan
 
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DonDeeHippy
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Re: the Swiss are investing in our Future
Reply #7 - Jun 2nd, 2018 at 8:13am
 
Unforgiven wrote on May 30th, 2018 at 9:49pm:
The closet-pom whiners are starting already with BigHole64 leading the pack.

Watch the howls if the Swiss make a profit. The closet-pom whiners will allege rip-off.

yeah Big O strangely quiet about the 700mil invested into Australia and what a boost to the economy that is. He's always fearmongering about the economy crashing....... Wink
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lee
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Re: the Swiss are investing in our Future
Reply #8 - Jun 2nd, 2018 at 12:57pm
 
DonDeeHippy wrote on May 30th, 2018 at 9:26pm:
1.3 gw is over a million homes, so it’s pretty big



It is also only nameplate capacity.
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DonDeeHippy
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Re: the Swiss are investing in our Future
Reply #9 - Jun 2nd, 2018 at 1:23pm
 
lee wrote on Jun 2nd, 2018 at 12:57pm:
DonDeeHippy wrote on May 30th, 2018 at 9:26pm:
1.3 gw is over a million homes, so it’s pretty big



It is also only nameplate capacity.

ahh like Australia have 50gwh of Nameplate capacity but uses a average of 29gwh hey Lee  Wink Wink
So isnt every electricity plant rated on its Nameplate(max) Capacity. Wink Wink Wink
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Re: the Swiss are investing in our Future
Reply #10 - Jun 2nd, 2018 at 2:50pm
 
Bobby. wrote on May 30th, 2018 at 6:34pm:
BigOl64 wrote on May 30th, 2018 at 3:38pm:
So the south Aus battery cost $100 mil and it is good for 3000 homes for 10 hours, and they are spending $700 mil in total, power and storage.

Yes this is fkking exciting, enough to power a city of less than 20 000 homes, only 9 000 000 more to power up later, with spare multi trillion dollar loose change we found in the couch.


The swiss are doing fkk all, just like tesla did fkk all.




BigOl - you don't know what you're talking about.
The batteries are good for instant power while they wait
for coal power stations to reach operating temperature.
Batteries prevent power outages.

big ol just wants to shoot someone  Grin
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......Australia has an illegitimate Government!
 
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Re: the Swiss are investing in our Future
Reply #11 - Jun 2nd, 2018 at 2:52pm
 
BigOl64 wrote on May 30th, 2018 at 3:38pm:
So the south Aus battery cost $100 mil and it is good for 3000 homes for 10 hours, and they are spending $700 mil in total, power and storage.

Yes this is fkking exciting, enough to power a city of less than 20 000 homes, only 9 000 000 more to power up later, with spare multi trillion dollar loose change we found in the couch.


The swiss are doing fkk all, just like tesla did fkk all.





Everyone did bugger all: go logic and stuff  Cheesy
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......Australia has an illegitimate Government!
 
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TheFunPolice
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Re: the Swiss are investing in our Future
Reply #12 - Jun 2nd, 2018 at 2:54pm
 
Unforgiven wrote on May 30th, 2018 at 9:49pm:
The closet-pom whiners are starting already with BigHole64 leading the pack.

Watch the howls if the Swiss make a profit. The closet-pom whiners will allege rip-off.

The Yorkshire front bottoms will have a small problem, ... but then sniff and say ;nought' or something,... get their wifey to deal with it etc....  Roll Eyes
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......Australia has an illegitimate Government!
 
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