AEMO estimates flawed as solar costs decline
Posted: July 18th, 2018
MEDIA STATEMENT: Wednesday, 18 July 2018
Pilbara Solar, a 25 per cent Aboriginal owned renewable energy company, has questioned a national report on Australia’s energy future after it failed to recognise WA’s solar rich regions.
Yesterday’s report by the Australian Energy Market Operator (AEMO), the nation’s independent energy market operator, to COAG, stated that ageing coal-fired power plants would still deliver the cheapest electricity for the next 20 years.
Pilbara Solar Director, and renewable energy developer, Richard Finlay-Jones, said the report did not recognise regions like the Pilbara which had one of the greatest solar resources in the world, and was one of the most energy intensive locations in the country.
“WA is the most solar rich state in the nation, and, with the right support from all levels of government, the Pilbara has the potential to become a 100 per cent renewable Zero Emissions Zone within a decade,” Dr Finlay-Jones said.
Dr Finlay-Jones said current investment in renewable energy had never been stronger in Australia, and the power source never cheaper, with states with the largest targets demonstrating the greatest investment benefits, and the cheapest power.
“Renewable energy deployment had been driving down the wholesale price of power, and wind and solar energy is now cheaper than coal and diesel,” Dr Finlay-Jones said.
“The AEMO report to COAG actually states that Bloomberg New Energy Finance estimates about 90 per cent of the $88bn forecast spent on adding power capacity in Australia will be outlaid on clean energy.
“It is imperative that regions like the Pilbara are recognised among the greatest solar resources in the world.”
Pilbara Solar is 25 per cent owned by the Yamatji Marlpa Aboriginal Corporation (YMAC), which YMAC Chief Executive, Simon Hawkins, said represented Traditional Owners whose lands covered one million square kilometres in WA with some of the best solar resources in the world.
Read the media statement here: AEMO estimates flawed