Green energy seen as a real danger, by fossil fuel industries
Fossil Fuel Really Beginning To Hate Renewable Energy: Graphs, Clean Technica June 19, 2013 Giles Parkinson This article follows on from our story yesterday on Alinta, and the complaint by CEO Jeff Dimery that wind energy is “undermining the running regime of exiting thermal generation assets”. There is no doubt that it is. But while some could argue whether this is a good thing (early retirement of ageing polluting assets in a clean energy transition) or a bad thing (stranded assets, loss of value), it seems that it is inevitable as the world transitions to an energy system based around renewables.
This series of graphs – taken from an expansive presentation of energy data collected by Germany’s Franhofer Institute for Sustainable Energy – gives some insight into why the owners of fossil fuel plants hate this scenario. The growing impact of wind farms and solar panels in Europe, and in Germany in particular, are having a massive impact on energy markets – and the impact is very much more an economic one than a technical one. The same is true in Australia,…. Read more at http://cleantechnica.com/2013/06/19/fossil-fuel-really-beginning-to-hate-renewable-energy-graphs/#O2dk75bjgXmhYssM.99
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