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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (866997)	6/22/2015 1:02:23 PM
From: Wharf Rat	Respond to of 1578177

check this out I copied this from Euan Mearn’s blog. The article itself is behind a paywall. It appears that even in Australia wind and solar power will continue to be expanded at a steady and fairly fast clip. Of course the owners of the coal would rather sell it NOW but maybe they will eventually come around to the Saudi view that they ought to save some for their grandchildren. xxxx Australian: Australian jobs blown away as turbines kill coal Alinta Energy yesterday brought forward by 12 years the planned closure of its ageing coal-fired power plants at Port Augusta, 310km north of Adelaide, and its associated coal mine at Leigh Creek, 260km further north. A “massive oversupply in generation capacity” from wind and solar has reduced its share of the state’s power supply from 35 per cent to 15 per cent in the past two years and created net losses of $100 million. Grattan Institute energy program director Tony Wood said Alinta’s coal-fired power plants were the first to be “pushed out the back and picked off by the lions” as owners assessed viability in an industry making way for a required 6000 megawatts of renewable energy capacity to be built in Australia by 2020. The announcement of the closures came as Tony Abbott declared he wanted to limit the growth of wind farms and their “visually awful” turbines. But he said the move to renewables was inevitable. peakoilbarrel.com