https://web.stanford.edu/group/efmh/jacobson/Articles/I/145Country/22-145Countri...The original paper. Tables 11 and 12. Australia cost, based on their figures, would be about 1% of the total, so $620 billion dollars.
Bobby. wrote on May 14
th, 2023 at 8:04pm:
https://www.independent.co.uk/climate-change/news/renewable-energy-costs-benefit...
The same study as the one provided by TGD.
"Yet, a new study finds that
those costs might only be short-term."
"The near failure of the Texas power grid, coming just 4 minutes and 37 seconds from a complete collapse on February 14, 2021, was the first alarm bell that something was dreadfully wrong with US power grids. Meredith Angwin, a physical chemist and power grid specialist, described the February 2021 failure of the Texas power grid failure as a seminal event that was not a surprise:
Those of us who were watching the grid had noticed for years that Texas ran with a very low reserve margin…and there were predictions that Texas was going to be in trouble, [1],”
Since then, more power-grid operators have been speaking out about the increasing instability of their grids due to an over-weighting of non-dispatchable wind and solar power. A report on February 24, 2023, from the largest power grid in the US, PJM, warned of “increasing reliability risks” affecting 13 states and the District of Columbia and 65 million people who get their power from PJM. This report is a wake-up call for all US power grids because most face the same grid instability problems highlighted in the report:
The growth rate of electricity is likely to continue to increase from electrification coupled with the proliferation of high-demand data centers in the region.
The projections in this study indicate that it is possible that the current pace of new entry (of electricity generation capacity) would be insufficient to keep up with expected retirements and demand growth by 2030.
Thermal generators are retiring rapidly due to government and private sector policies as well as economics.
PJM’s interconnection queue is composed primarily of intermittent and limited-duration resources.
More grids have been warning that the addition of new wind and solar needs to be restrained and that retirements of dispatchable thermal generation—such as coal, nuclear and natural gas—need to slow.
This was emphasized by Manu Asthana, CEO of PJM, in a speech at the Electric Supply Association, on March 27, 2023, when he noted that new supply resources had not kept pace with retirements because of clogged interconnection queues, siting obstacles, and supply chain constraints:"
https://www.masterresource.org/texas-blackout-2021/grid-instability-ireland/
Yeah. Until the wind turbines, solar panels and batteries need replacing. And then another 62 billion.
"There is very little data on modern turbines reaching their life expectancy so it is largely unknown how long they will be operable. Modern wind turbines have over 8,000 parts (broken down into three major components) and blades as long as 262 feet, the same length as the wingspan of an Airbus [2]. With higher efficiency modern turbines due to additional electronic components and a more powerful and massive design, there is a higher chance of something going wrong with more potential points of failure and overall added stress and load on the structure.
"We don't know with certainty the life spans of current turbines," said Lisa Linowes, executive director of WindAction Group, a nonprofit [3]. With most wind turbines being installed in the last decade, it is largely unknown if they will make it to the designed 20-25 year life.
At 10 years of life, blades and gearboxes are needing to be replaced already so it is unlikely they will make it another 10 years. The cost to teardown a single turbine is $200,000, not including any payback from selling or recycling valuable materials, which is heavily labor intensive and not always cost effective. Instead of decommissioning, more often the site will be ‘repowered’ which means replacing the turbines with newer technology."
https://energyfollower.com/how-long-do-wind-turbines-last/"The lifetime of photovoltaic modules is most commonly considered to be 25 years based on performance guarantees of 80% power output after 25 years of operation; however, influences including climatic conditions, social behaviour, fiscal policy, and technological improvements have the potential to prompt early replacement. "
https://www.mdpi.com/2071-1050/14/9/5336So, with luck, renewables will last half as long fossil fuel generation.