Tuesday, 18 July 2017

RenewEconomy/Giles Parkinson:GE: Some Australia regions to be 100% renewable in 5-10 years

GE: Some Australia regions to be 100% renewable in 5-10 years

By Giles Parkinson on 18 July 2017

General Electric, the industrial behemoth that remains the biggest provider of energy equipment in the world, predicts that some regions in Australia will soon get all their electricity from renewables – at least for a few days a year

Jerome Pécresse – the president and CEO of GE Renewable Energy – used the prediction to highlight the rapid change in renewables, and particularly its falling costs and ability to be integrated into the grid, which he said was still being underestimated.

“Within 5 to 10 years, there will be regions and areas in this country which will have 100 per cent renewable energy, at least for a few days a year,” he said at the Clean Energy Summit in Sydney on Tuesday. But this proportion would grow, he added.

Pécresse said renewables were now at “grid partiy” in most parts of the world, and would continue to get cheaper and cheaper, and the ability of consumers to supply their own needs would be hugely disruptive to existing utility business models.

“We are just at the beginning. It is never going to stop,” he said, noting there was going to be continued competition from the cost of solar energy (which is also forcing more cost reductions in wind energy).

Pécresse also predicted that many customers, including communities, would go “off grid” while on-grid customers would be “aggregated” – meaning that they could be supplied by alternatives to the current utilities.

“The role of customers will fundamentally change,” he said. 
Share this:

   shareshare 
We Recommend
Battery storage,News &... Coal has lost the energy war, so why are we still fighting?
Climate,Coal,Governments,Other Good... Coal, nuclear and renewable bombshells from Trump’s grid study
Climate,Other Good... Game changer: Cheap renewables are causing rethink on markets
CleanTech Bites,Climate AGL’s Vesey: Clean Energy Target should recognise Paris climate...
Climate,News & Commentary US submits climate plan as Paris pact taking shape
Governments,Other Good... Is Australia smart enough to be the lucky country?
Recommendations powered by plista
CleanTech Bites • Solar
« Previous Post
Next Post »

    RenewEconomy Free Daily Newsletter
    Email Address
    From Our Partners At SolarQuotes
    Live Australia Electricity Generation Data
       
    Live Generation
       
    Tue 18 Jul at 16:45 (NEM Time)
    WATASSAVICNSWQLD0 MW3,000 MW6,000 MW9,000 MWBlack CoalBrown CoalGasLiquid FuelOtherHydroWindLarge SolarAPVI Small Solar*
    v2.0.4.8875
    Upcoming Events
    
    
    
    Sponsored Links










    Renew Economy Jobs Board


    Press Releases
        Australia’s third-largest wind farm switches on to full capacity
        True Value Solar announces new managing director
        Research finds huge majority of Australians want an energy system dominated by renewables
        Progress on Granville Harbour wind farm proposal
        A beacon of hope: 100,000 vulnerable Indians reached by a small Australian Social Enterprise with big business goals

    Follow Us
     

    Popular Articles
        Turnbull's coal delusions as COAG "changes course" on energy
        VW's I.D. to be cheaper than Model 3, plans super-fast charging network
        Porsche installs $900,000 Solar pylon & 1st high-power EV supercharger
        How did Australia get this stupid about clean energy?

    Popular Tags
    ARENA Australia battery storage carbon emissions CEFC China clean energy climate climate change coal cop21 electricity electric vehicle electric vehicles emissions energy energy efficiency energy storage EV EVs fossil fuels Gas Germany global global warming Greenhouse Gases India NEM nuclear paris policy renewable energy renewable energy target renewables rooftop solar smart energy solar solar energy solar PV south australia Tesla United States wind wind energy wind farm

© Copyright RenewEconomy 2017. All rights reserved.
Privacy | Terms of Use | Contact | Login
Follow
Share
Toggle Dock
Post a Comment