Tuesday, June 5, 2018

Renewable energy can power Australia's energy system reliably without coal and nuclear, Analyst says

A Newcastle company’s huge plan for large-scale renewable energy projects in NSW reflects the “huge global investor appetite” in the sector, an analyst says.
“Australia stands to be a massive exporter of renewable energy,” Institute for Energy Economics & Financial Analysis director Tim Buckley said.
“The Australian wind and solar resource are second to none.”
 
NSW Minerals Council CEO Stephen Galilee said the global coal price had doubled and NSW exports had continued at or near record levels in the past few years.
“It's great to see more investment in renewables, alongside the significant investment in new and existing coal projects in NSW, and the construction of hundreds of new-technology coal power plants around the world. 

“All energy sources are needed to meet growing global energy demand.”

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