ANU: Wind, solar and hydro grid cheapest option for Australia
Posted by Big Gav in energy storage, renewable energy
ReNew Economy has a look at a report from the Australian National University claiming the lowest cost electricity grid for Australia is a 100% renewable energy one - ANU: Wind, solar and hydro grid cheapest option for Australia.
A new study by energy experts from the Australian National University suggests that a 100 per cent renewable energy electricity grid – with 90 per cent of power coming from wind and solar – will be significantly cheaper future option than a coal or gas-fired network in Australia. The study, led by Andrew Blakers, Bin Lu and Matthew Stocks, suggests that with most of Australia’s current fleet of coal generators due to retire before 2030, a mix of solar PV and wind energy, backed up by pumped hydro, will be the cheapest option for Australia, and this includes integration costs.