Australian news, and some related international items

Whyalla steelworks boss Sanjeev Gupta says renewables ‘cheaper and easier’ than nuclear

Renewables ‘cheaper and easier’ than nuclear, Whyalla steelworks boss Sanjeev Gupta says, By Daniel Keane, 

The SA Liberals are opposed to a high-level nuclear waste dump but remain open to the idea of a lower level federal facility, as well as nuclear energy generation.

“We’ve never ruled out the nuclear opportunity for energy,” the now premier Steven Marshall said while opposition leader in 2017.

Before winning government, the Liberals also flagged moves to reduce reliance on renewables by investing $200 million in a new interconnector to New South Wales.

Mr Gupta, who has just met with Prince Charles in Brisbane and will meet with Mr Marshall in the coming days, is positioning himself to become a major player in South Australia’s energy market by investing in renewable projects.

In October, his company GFG Alliance revealed it had approved a plan worth up to $700 million for solar, battery storage and pumped hydro in Australia.

“All of these will be delivered within the next couple of years,” Mr Gupta said.

While the British billionaire businessman said he did not have a “clear view” on nuclear energy, he pointed to renewables as a more affordable source of electricity in the long term.

“As far as energy is concerned, to our knowledge or to my knowledge anyway, there are cheaper and easier ways of [producing] energy, many of which are already underway,” Mr Gupta said.

“Things like pumped hydro and solar and batteries and so on.”

Mr Gupta’s comments follow the release of an Australian Energy Market Operator report into Elon Musk’s Jamestown battery, which found the battery was outperforming coal and gas generators on key measures.

The British billionaire businessman said he would meet with Mr Marshall next week to discuss a “wide agenda of items” surrounding Whyalla’s future.

Mr Gupta said Mr Marshall had provided “great support” to Whyalla during the turmoil of 2016 when previous owner Arrium entered administration.

“I have zero doubt that support for Whyalla will only continue, or actually even strengthen under his leadership,” he said…….

April 9, 2018 - Posted by | Uncategorized

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: