Your Questions About Renewable Energy Group
John asks…
How can we make renewable energy less competitive?
There is a serious energy crisis in Australia – even without the carbon tax renewables are now cheaper than building new coal or gas fired power stations.
How can we make renewables more expensive so that the climate change denier industry can maintain their myths?
“A new analysis from research firm Bloomberg New Energy Finance has concluded that electricity from unsubsidised renewable energy is already cheaper than electricity from new-build coal and gas-fired power stations in Australia.
The modeling from the BNEF team in Sydney found that new wind farms could supply electricity at a cost of $80/MWh –compared with $143/MWh for new build coal, and $116/MWh for new build gas-fired generation.These figures include the cost of carbon emissions, but BNEF said even without a carbon price, wind energy remained 14 per cent cheaper than new coal and 18 per cent cheaper than new gas.”
http://reneweconomy.com.au/2013/renewables-now-cheaper-than-coal-and-gas-in-australia-62268
Should we also ban the use of solar energy storage systems (such as the old technology used in http://www.haifa-group.com/products/k_solar/) to support the climate change denier myths that renewables cannot maintain base load supply?
admin answers:
What you’ve quoted was/is inevitable. I could crow “I’ve said this would happen for years” — and I have. But it’s not brilliant insight. Just following the trends.
What you quoted is the obituary for the fossil fuel industry. And (I will crow about and repeat this prediction) — it does not matter what the environmentalists — or the special interests, for that matter — do. The verdict will be spoken in the marketplace. When renewable energy has the competitive advantage (as it now does) the end result will be a drastic decline in fossil fuel use — and carbon emissions.
The same incentive that has blocked action on climate change — pure, raw greed — will now make cutting CO2 emissions an inevitable and unstoppable force.
Thomas asks…
Is it a good decision to invest money in companies that their business is to produce renewable energies?
Do you think that because of the high price of gas, will make stock prices grow of companies that are investing in renewable energies
admin answers:
Some yes, some no.
Due to the high price of corn, soybeans, used cooking oil, many companies making ethanol and biodiesel are in trouble.
Some companies that own wind farms (FPL Group which also has a regulated utility business) are doing very well.
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