Antinuclear

New Coal Power Investment To Be Deferred – AEMO by Energy Matters, 15 Aug 13 Thanks in part to Australia’s home solar power revolution, the prospects for new fossil fuel based power generation investment look rather bleak over the next decade in much of the nation.

The recently published Electricity Statement of Opportunities (ESOO) from the Australian Energy Market Operator AEMO says the rise of residential rooftop solar, increasing energy efficiency in response to electricity price hikes and more large scale renewable energy development “is expected to defer new thermal electricity generation investment.”…….

Of the 522.7 MW of new large-scale generation added to the NEM’s generation capacity in the 2012-13 reporting timeframe, the vast majority of the new capacity came from wind power.

Rooftop solar panels are treated as a demand offset for supply–demand balance, and are not included in the 522.7MW figure. However, in 2012-13, the AEMO estimates 774 MW of rooftop PV generation capacity was installed in the NEM. ….. Of the 1,000 MW in new large scale generation committed since last year’s ESOO; 95% consists of wind generation and 5% solar generation…… http://www.energymatters.com.au/index.php?main_page=news_article&article_id=3889