Category Archives: Solar

PLEA Network

11 August 2015, Renew Economy, Solar undercuts coal in India, as another bank quits Adani mega-mine. Another week, another couple of nails hammered into the coffin for the Australian coal mining and export plans of Indian conglomerate, Adani Group. The first came with the news on Monday night that Standard Chartered – one of the largest investment banks in the UK – has become the latest international financier to withdraw its support for the development of one of the largest new coal mines in the Southern Hemisphere, in Queensland’s Galilee Basin. In a statement released on Monday, Standard Chartered said both parties – the bank and Adani – had agreed to end the bank’s role in the Carmichael coal mine after an ongoing review of its feasibility and delays experienced by Adani in getting project approvals. Read More here

PLEA Network

10 August 2015, Climate Network News, Clouds over China’s solar power industry. China is by far the world’s biggest producer of solar panels, but the industry could become a victim of its own success. The recent turmoil in China’s stock market has sent shockwaves through the country’s corporate sector, including its mighty solar power industry which in recent years has grown to dominate the world market. Harnessing solar energy is considered a key way of cutting back on fossil fuel use and of meeting the challenge posed by climate change. Seven out of the world’s top ten manufacturers of solar panels are China-based companies, together providing about 40% of global solar supplies. But now the industry’s future expansion is under threat as companies try to cope with too much production capacity, very low profit margins and crushing amounts of debt. In 2013 Suntech, a Chinese company which was at one time the world’s biggest manufacturer,went bust. International creditors are still trying to recoup millions lent to the company. Read More here

 

PLEA Network

30 July 2015, The Conversation, Fact Check: Would Labor’s renewable energy plan cost consumers $60 billion? (It) will mean a massive bill, perhaps A$60 billion or more, that will have to be carried by the consumers of Australia. – Prime Minister Tony Abbott, speaking to reporters about Labor’s plan to source half the nation’s power from renewable energy sources by 2030, July 27, 2015. Abbott’s quote, a response to the new Labor policy to set a goal of 50% renewable energy by 2030, appears to be drawing on reported comments by Paul Hyslop, chief executive of ACIL Allen – the company used by the government’s Warburton review into the existing Renewable Energy Target (RET). The prime minister’s office sourced the A$60 billion figure to an article in The Australian last week that quoted Hyslop saying of Labor’s 50% renewables pledge that: If this were met by wind power it would require 10,000 to 11,000 additional turbines… with capital costs for the turbines alone of $65 billion. Hyslop’s ACIL Allen colleague, Owen Kelp, told Sky News this week that the A$60 billion was a “fairly simplistic, back-of-the-envelope calculation”. When asked by The Conversation for a copy of any calculations to see how the A$65 billion capital costs figure was reached, Hyslop said the internal analysis was not publicly available, but explained that: To get to the 50%, you need about another 80,000 gigawatt-hours… To build that with renewables, the current cheapest technology would be wind. We estimate between 10,000 and 11,000 additional wind turbines with a bottom end estimate of around $65 billion in capital costs… Would it have an impact on consumers? It really depends on the trade-off on the cost of funding the subsidy versus the downward pressure on electricity prices. We don’t know exactly what that would look like. That would be a significant piece of modelling. Read More here

 

PLEA Network

30 July 2015, The Guardian, Queensland solar farm faces legal challenge from sugar cane proponents: Planning minister, Jackie Trad, considers using ‘call-in’ power that would give her final approval which could not be challenged. The Queensland government is considering stepping in to head off a legal challenge to one of Australia’s largest planned solar farms in the state’s northern sugar belt. The Spanish renewable energy developer FRV has approval from the local council and a deal with a cane farmer to build a 130-megawatt facility on his property in Clare, where the company says there is some of the most powerful sunlight in the country. But a local cane harvester and sugar mill oppose the plan on the grounds it will take up “good quality agricultural land” in conflict with the state’s planning policy. The prospect that the project could become tied up in a planning court case led FRV and Burdekin shire council to ask the deputy premier and planning minister, Jackie Trad, to “call in” the development. This week Trad announced she would consider a “call in”, giving her the final decision on the project which would then be immune to legal challenge. It came after the energy minister, Mark Bailey, vowed last week to match federal Labor’s commitment to achieving 50% renewable sources for Queensland’s power network by 2030. Read More here