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Author Archives: Giles Parkinson

“Base-Cost Renewables” Will See Wind & Solar Kill Coal

August 22nd, 2017 | by Giles Parkinson

Recently, Bloomberg New Energy Finance predicted that the cost of new wind and solar would soon beat the cost of refurbished coal plants. Now BNEF predicts that solar will beat the cost of existing, fully depreciated and unrefurbished coal plants by 2032. And wind will follow soon after

Sonnen Battery Storage Developer Plans To Take Utilities “Out Of Business”

July 10th, 2017 | by Giles Parkinson

Christoph Ostermann, the founder and CEO of German battery storage developer Sonnenbatterie, could hardly believe his luck: Just as he prepared to announce a plan to take Australia’s energy utilities “out of business”, the utilities announced – en masse – a near 20 per cent jump in the cost of grid power.

Australian Battery Storage Market Needs Reform, Not Subsidies

May 26th, 2017 | by Giles Parkinson

The future of Australia’s energy storage market depends on urgent market reform – not subsidies – says the Clean Energy Council, in a new report that joins the growing chorus for Australia’s policy makers to finally respond to the challenges and opportunities of new technologies.

Origin Energy Sets New Record Low Price For 530 Megawatt Wind Farm

May 11th, 2017 | by Giles Parkinson

Origin Energy has set a stunning new benchmark for renewable energy off-take deals in Australia – and sounded the alarm for energy incumbents – after committing to a long-term power purchase agreement of below $60/MWh for the 530MW Stockyard Hill Wind Farm in Victoria.

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