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David Scrivener, Executive Director, Head of Infrastructure and Utilities at Westpac Institutional Bank, discusses why financing new, renewable power generation projects is essential for Westpac to be able to meet their ambitious decarbonising target.
The 2018 AFR National Energy Summit kicked off in rainy Sydney yesterday, with transition and energy policy in the spotlight. AGL was represented in the crowd and on stage by our Interim CEO Brett Redman.
AGL welcomed Maoneng Australia’s announcement that it had reached financial close for the 255 megawatt (MW) Sunraysia Solar Farm. This solar farm is underpinned by Power Purchase Agreements under which UNSW Sydney and AGL Energy purchase the solar energy generated over 15 years. This solar energy will help contribute to our diverse energy mix.
In the middle of a sunny day, rooftop solar could soon supply more energy than South Australia needs at that time of day. But when the sun goes down, this generation tails off, which is also when peak demand kicks in. Read more about the impact of rooftop solar on demand.
Renewable energy sources such as wind, solar and hydro do not generate energy all the time. Capacity factor is the percentage of actual output out of the total possible output of a generation asset – this will depend on how much the sun shines, the wind blows or hydro is activated.
Light bulbs are small, so how much difference can a high efficiency light bulb really make? Well, when there are 45,000 lights, and still counting, installing high efficiency lights bulbs can make a massive difference.
Our commitment to a progressive energy future is as evident as ever in Broken Hill and Silverton where the city has transformed to a renewable energy hub. A heritage city that used to mine the earth, is now mining the sun and wind for energy.