31 Dec '13, 10am

All New Australian Power Plants Will Be Renewable Through 2020

Australia will never build another coal power plant. This is because coal currently can’t compete with wind and solar and both of them will continue to decline in price. Utility scale solar is more expensive than wind but point of use solar, or rooftop solar, is the cheapest source of electricity available to households in Australia. While utility scale solar might now be competitive in places like the Northern Territory it faces the problem that it competes with rooftop solar which is currently pushing down the wholesale price of electricity during the day. Given Australia’s low wholesale electricity prices and high retail prices and how point of use solar saves on transmission infrastructure costs, building utility scale solar is kind of nuts. It’s just way less nuts than building new fossil fuel capacity.

Full article: http://cleantechnica.com/2013/12/31/new-australian-power-...

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