Australian Politics Forum - Renewable Energy Projects Fast-Tracked

whiteknight

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Renewable Energy Projects Fast-Tracked
Oct 19^th, 2022 at 6:39pm

Renewable energy projects fast-tracked

New Daily
Oct 19 2022

Prime Minister Anthony Albanese has labelled a multi-billion renewable energy initiative as a “nation-building project”, promising it would help to lower power prices.

The government announced $1.5 billion would go towards Marinus Link, a power project linking Tasmania and Victoria, as well as other renewable initiatives such as offshore wind.

Funding for the Marinus Link will include money from the federal, Victorian and Tasmanian governments, with the prime minister saying it will lead to 1400 construction jobs as well as 1120 other jobs associated with the project.

Prime Minister Albanese said the projects would be the biggest energy investment since the Snowy Hydro scheme was unveiled.

“(It’s) a good idea which has been through all of the business cases (and) will now become a reality,” he told ABC Radio on Wednesday.

“It’s a very exciting announcement for Tasmania, but indeed it’s a nation-building project as well.”

Marinus Link is expected to cost $3.8 billion and the prime minister said any budget blowouts were unlikely.

“This project has been studied to death,” Prime Minister Albanese said.

“($3.8 billion) is the estimated cost, but this is an investment, it’s important that this project will be owned by the three governments of the Commonwealth, of Tasmania and Victoria – they should remain an asset.”

The governments are expected to contribute equally to the project, making up 20 per cent of the equity investment.

The remainder of the funding will come from a concessional loan through the Clean Energy Finance Corporation.

Government funding has also been secured for the Victoria-New South Wales interconnector project, which will get a $750 million concessional loan to make sure it is completed by 2028.

State and federal regulatory processes will also be coordinated to help get the offshore wind industry off the ground faster in Victoria.

Energy Minister Chris Bowen said increased action on renewables through large projects such as Marinus Link was essential.

“We have 86 months to 2030 to reduce our emissions … we are dealing with the implications of having four gigawatts of power leave our system in the last decade and only have one gigawatt come in,” Minister Bowen told ABC Radio on Wednesday.

“We’ve got to fix that, working in partnership with the states and territories and the private sector, and that’s exactly what we’re doing.”

Minister Bowen said the project, in planning for six years, would also allow for a boost to renewable energy in the jurisdictions.

“It means that Tasmania, which is currently 100 per cent renewable, will now have the opportunity to get to 200 per cent renewables,” he said.

“This is the equivalent of 140 million tonnes of CO2 coming out of the atmosphere by 2050, or … taking a million cars off the road.”

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lee

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Re: Renewable Energy Projects Fast-Tracked
Reply #1 - Oct 19^th, 2022 at 7:02pm

Quote:

Research from Rystad Energy reveals that 35GW of solar manufacturing and more than 2000 gigawatt hours of battery cell manufacturing capacity in the EU could be mothballed unless power prices return to normal.

The energy intensive nature of these manufacturing processes is leading some operators to temporarily close or abandon production facilities as the cost of doing business escalates.

Rystad stated that unless prices turn around soon, Europe’s plans to cut dependence on imported fossil fuels by boosting installed renewable generation capacity and electric vehicle (EV) usage could be derailed.

Although Europe’s solar manufacturing capacity is relatively modest on a global scale – making up only 2% of total capacity – any shutdowns or abandonment of projects would have significant long-term negative consequences.

The EU has targeted 20GW of production capacity by 2025, and although 35GW of projects is currently planned, many have not secured funding, increasing the risk that these projects will fall through if high power prices continue.

Battery cell manufacturing – crucial in the EV and battery storage supply chain – is even more energy intensive than solar manufacturing, and Europe is a major global player.

The EU currently boasts about 550GWh of capacity, representing 27% of global operational capacity.

Announced projects under development are set to boost that total significantly, increasing capacity to 2.7 terawatt-hours, positioning the EU as a global leader.

However, those are now at risk and the car manufacturing and battery storage sectors could struggle to source Europe-made batteries as a result, stated Rystad.

“High power prices not only pose a significant threat to European decarbonisation efforts but could also result in increased reliance on overseas manufacturing, something governments are eager to avoid.

“Building a reliable domestic low-carbon supply chain is essential if the continent is going to stick to its goals, including the REPowerEU plan, but as things stand, that is in serious jeopardy.”

Audun Martinsen, Rystad Energy’s head of energy service research, said: “European electricity prices have risen to unprecedented levels in recent weeks due to unplanned nuclear and hydropower plant outages, soaring demand for cooling during an oppressive summer heatwave and reduced gas deliveries from Russia.

“Although prices have retreated significantly since these record highs in August, rates remain in the €300 to €400 range, many multiples above pre-energy crisis norms.”

Britishvolt’s signature giga-sized battery factory in Blyth in the UK – which would add 30 GWh to the continent’s manufacturing capabilities – has already been delayed to mid-2025 due to rising energy costs and the need for additional fundraising, Rystad stated.

https://renews.biz/80895/high-power-prices-impacting-eu-clean-energy-supply-chai...

So they are having trouble making batteries, solar panels etc from renewable energy. What could possibly go wrong? Roll Eyes

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Belgarion Gold Member Offline Australian Politics Posts: 6169 Gender:	Re: Renewable Energy Projects Fast-Tracked Reply #2 - Oct 19^th, 2022 at 8:16pm Prime Minister Anthony Albanese has labelled a multi-billion renewable energy initiative as a “nation-building project”, promising it would help to lower power prices. Utter smacking bullshit
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thegreatdivide

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Re: Renewable Energy Projects Fast-Tracked
Reply #3 - Oct 19^th, 2022 at 8:49pm

lee wrote on Oct 19^th, 2022 at 7:02pm:

Quote:

Research from Rystad Energy reveals that 35GW of solar manufacturing and more than 2000 gigawatt hours of battery cell manufacturing capacity in the EU could be mothballed unless power prices return to normal.

The energy intensive nature of these manufacturing processes is leading some operators to temporarily close or abandon production facilities as the cost of doing business escalates.

Rystad stated that unless prices turn around soon, Europe’s plans to cut dependence on imported fossil fuels by boosting installed renewable generation capacity and electric vehicle (EV) usage could be derailed.

Although Europe’s solar manufacturing capacity is relatively modest on a global scale – making up only 2% of total capacity – any shutdowns or abandonment of projects would have significant long-term negative consequences.

The EU has targeted 20GW of production capacity by 2025, and although 35GW of projects is currently planned, many have not secured funding, increasing the risk that these projects will fall through if high power prices continue.

Battery cell manufacturing – crucial in the EV and battery storage supply chain – is even more energy intensive than solar manufacturing, and Europe is a major global player.

The EU currently boasts about 550GWh of capacity, representing 27% of global operational capacity.

Announced projects under development are set to boost that total significantly, increasing capacity to 2.7 terawatt-hours, positioning the EU as a global leader.

However, those are now at risk and the car manufacturing and battery storage sectors could struggle to source Europe-made batteries as a result, stated Rystad.

“High power prices not only pose a significant threat to European decarbonisation efforts but could also result in increased reliance on overseas manufacturing, something governments are eager to avoid.

“Building a reliable domestic low-carbon supply chain is essential if the continent is going to stick to its goals, including the REPowerEU plan, but as things stand, that is in serious jeopardy.”

Audun Martinsen, Rystad Energy’s head of energy service research, said: “European electricity prices have risen to unprecedented levels in recent weeks due to unplanned nuclear and hydropower plant outages, soaring demand for cooling during an oppressive summer heatwave and reduced gas deliveries from Russia.

“Although prices have retreated significantly since these record highs in August, rates remain in the €300 to €400 range, many multiples above pre-energy crisis norms.”

Britishvolt’s signature giga-sized battery factory in Blyth in the UK – which would add 30 GWh to the continent’s manufacturing capabilities – has already been delayed to mid-2025 due to rising energy costs and the need for additional fundraising, Rystad stated.

https://renews.biz/80895/high-power-prices-impacting-eu-clean-energy-supply-chai...

So they are having trouble making batteries, solar panels etc from renewable energy.

The EU has been kneecapped by the Russian gas embargo. Get the gas flowing again, and they can resume the transition to renewables.

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lee

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Re: Renewable Energy Projects Fast-Tracked
Reply #4 - Oct 20^th, 2022 at 11:37am

thegreatdivide wrote on Oct 19^th, 2022 at 8:49pm:

The EU has been kneecapped by the Russian gas embargo. Get the gas flowing again, and they can resume the transition to renewables.

They already have enough theoretical renewable capacity. It takes fossil fuel and nuclear power to make the renewables. IF they ever get to the stage they can make renewables from renewable power, then and only then, will renewables have proved themselves.

You think twice nothing is something more than nothing. Roll Eyes

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lee

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Re: Renewable Energy Projects Fast-Tracked
Reply #5 - Oct 20^th, 2022 at 11:46am

Belgarion wrote on Oct 19^th, 2022 at 8:16pm:

Prime Minister Anthony Albanese has labelled a multi-billion renewable energy initiative as a “nation-building project”, promising it would help to lower power prices.

""Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket, regardless of what I say about whether coal is good or bad, because I'm capping greenhouse gases," Obama said. "Coal power plants, natural gas, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money onto consumers." - Barack Obama

So much for 'cheaper". Roll Eyes

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thegreatdivide

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Re: Renewable Energy Projects Fast-Tracked
Reply #6 - Oct 20^th, 2022 at 12:24pm

lee wrote on Oct 20^th, 2022 at 11:46am:

Belgarion wrote on Oct 19^th, 2022 at 8:16pm:

Prime Minister Anthony Albanese has labelled a multi-billion renewable energy initiative as a “nation-building project”, promising it would help to lower power prices.

""Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket, regardless of what I say about whether coal is good or bad, because I'm capping greenhouse gases," Obama said. "Coal power plants, natural gas, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money onto consumers." - Barack Obama

So much for 'cheaper". Roll Eyes

So Obama's plan was flawed, being steeped in neoliberal market ideology.

The coal industry should be nationalized, renewables rolled out ASAP, and coal progressively closed.

Cap and trade, and carbon taxes, are all orthodox neoliberal economic failures.

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lee

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Re: Renewable Energy Projects Fast-Tracked
Reply #7 - Oct 20^th, 2022 at 12:34pm

thegreatdivide wrote on Oct 20^th, 2022 at 12:24pm:

So Obama's plan was flawed, being steeped in neoliberal market ideology.

It went exactly how he said. That's not flawed. It is a feature not a bug.

You have to run backup power all the time for when the renewables can't cut it. So you are paying twice for the power. Only your MMT theory would find that a positive. Roll Eyes

They are already closing. Why go to the expense upgrading when the numpties want them closed? Roll Eyes

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thegreatdivide

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Re: Renewable Energy Projects Fast-Tracked
Reply #8 - Oct 20^th, 2022 at 12:47pm

lee wrote on Oct 20^th, 2022 at 12:34pm:

thegreatdivide wrote on Oct 20^th, 2022 at 12:24pm:

So Obama's plan was flawed, being steeped in neoliberal market ideology.

It went exactly how he said. That's not flawed. It is a feature not a bug.

?? Obama was the dummy who fell into line with Larry Summers who advised Obama in the GFC to rescue the banks with government money borrowed from...the banks....

Obama knows nothing about economics.

Quote:

You have to run backup power all the time for when the renewables can't cut it. So you are paying twice for the power. Only your MMT theory would find that a positive. Roll Eyes

Not all the time: back-up gas can be turned on and off, if required.

Quote:

They are already closing. Why go to the expense upgrading when the numpties want them closed? Roll Eyes

Filthy coal (expensive to clean) must be shut down ASAP.

Oz has a wonderful opportunity to demonstrate a near 100% renewable economy within a decade, powered by free sun and wind.

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lee

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Re: Renewable Energy Projects Fast-Tracked
Reply #9 - Oct 20^th, 2022 at 2:51pm

thegreatdivide wrote on Oct 20^th, 2022 at 12:47pm:

Not all the time: back-up gas can be turned on and off, if required.

There is a time delay to get it to temperature. Run it without getting it up to temperature increases wear therefore increases cost. You will want the government to run it as well. Governments don't do anything efficiently. Roll Eyes

thegreatdivide wrote on Oct 20^th, 2022 at 12:47pm:

Filthy coal (expensive to clean) must be shut down ASAP.

Wow. No longer phasing it out just shut it. For the eastern states which have limited gas. What could possibly go wrong? Roll Eyes

thegreatdivide wrote on Oct 20^th, 2022 at 12:47pm:

Oz has a wonderful opportunity to demonstrate a near 100% renewable economy within a decade, powered by free sun and wind.

And yet you can't even produce ONE country or state that has achieved this nirvana. Why is that? Roll Eyes

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thegreatdivide

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Re: Renewable Energy Projects Fast-Tracked
Reply #10 - Oct 20^th, 2022 at 3:07pm

lee wrote on Oct 20^th, 2022 at 2:51pm:

thegreatdivide wrote on Oct 20^th, 2022 at 12:47pm:

Not all the time: back-up gas can be turned on and off, if required.

There is a time delay to get it to temperature. Run it without getting it up to temperature increases wear therefore increases cost.

The cost of a flame to keep the plant warm enough to fire up?

Quote:

You will want the government to run it as well. Governments don't do anything efficiently. Roll Eyes

neoliberal propaganda

Quote:

Wow. No longer phasing it out just shut it. For the eastern states which have limited gas. What could possibly go wrong? Roll Eyes

ASAP means just that - ASAP. There is no "limited supply" of Oz gas: the greedy profit driven fossil companies are exporting most of it overseas.

That's why coal and gas need to be nationalized.

Quote:

And yet you can't even produce ONE country or state that has achieved this nirvana. Why is that? Roll Eyes

Because the greed-based private sector fossil industry is still running the show around the world; nevertheless, Oz in particular is high on the list of nations who could achieve near 100% renewables within a decade, given Oz's vast solar and and wind resource and small population.

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lee Gold Member Offline Australian Politics Posts: 21507 Gender:	Re: Renewable Energy Projects Fast-Tracked Reply #11 - Oct 20^th, 2022 at 6:04pm And somehow you expect us to believe. ; D
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thegreatdivide Gold Member Offline Australian Politics<br /> Posts: 15650 Gender:	Re: Renewable Energy Projects Fast-Tracked Reply #12 - Oct 21^st, 2022 at 2:24pm lee wrote on Oct 20^th, 2022 at 6:04pm: And somehow you expect us to believe. ; D The Vic government starting down the right track.....nationalization of the SEC.
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Frank

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Re: Renewable Energy Projects Fast-Tracked
Reply #13 - Oct 21^st, 2022 at 3:02pm

thegreatdivide wrote on Oct 20^th, 2022 at 3:07pm:

lee wrote on Oct 20^th, 2022 at 2:51pm:

thegreatdivide wrote on Oct 20^th, 2022 at 12:47pm:

Not all the time: back-up gas can be turned on and off, if required.

There is a time delay to get it to temperature. Run it without getting it up to temperature increases wear therefore increases cost.

The cost of a flame to keep the plant warm enough to fire up?

Quote:

You will want the government to run it as well. Governments don't do anything efficiently. Roll Eyes

neoliberal propaganda

Quote:

Wow. No longer phasing it out just shut it. For the eastern states which have limited gas. What could possibly go wrong? Roll Eyes

ASAP means just that - ASAP. There is no "limited supply" of Oz gas: the greedy profit driven fossil companies are exporting most of it overseas.

That's why coal and gas need to be nationalized.

Quote:

And yet you can't even produce ONE country or state that has achieved this nirvana. Why is that? Roll Eyes

Because the greed-based private sector fossil industry is still running the show around the world; nevertheless, Oz in particular is high on the list of nations who could achieve near 100% renewables within a decade, given Oz's vast solar and and wind resource and small population.

Arrant nonsense.
Andrews banned any further gas exploration and extraction.

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Vladimir: That’s what you think.

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thegreatdivide

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Re: Renewable Energy Projects Fast-Tracked
Reply #14 - Oct 21^st, 2022 at 3:09pm

Frank wrote on Oct 21^st, 2022 at 3:02pm:

thegreatdivide wrote on Oct 20^th, 2022 at 3:07pm:

lee wrote on Oct 20^th, 2022 at 2:51pm:

thegreatdivide wrote on Oct 20^th, 2022 at 12:47pm:

Not all the time: back-up gas can be turned on and off, if required.

There is a time delay to get it to temperature. Run it without getting it up to temperature increases wear therefore increases cost.

The cost of a flame to keep the plant warm enough to fire up?

Quote:

You will want the government to run it as well. Governments don't do anything efficiently. Roll Eyes

neoliberal propaganda

Quote:

Wow. No longer phasing it out just shut it. For the eastern states which have limited gas. What could possibly go wrong? Roll Eyes

ASAP means just that - ASAP. There is no "limited supply" of Oz gas: the greedy profit driven fossil companies are exporting most of it overseas.

That's why coal and gas need to be nationalized.

Quote:

And yet you can't even produce ONE country or state that has achieved this nirvana. Why is that? Roll Eyes

Because the greed-based private sector fossil industry is still running the show around the world; nevertheless, Oz in particular is high on the list of nations who could achieve near 100% renewables within a decade, given Oz's vast solar and and wind resource and small population.

Arrant nonsense.
Andrews banned any further gas exploration and extraction.

banned further gas exploration, as he must. Oz is producing more than enough gas to enable an orderly transition to renewables.

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