We are nowhere near supporting industry through renewable like wind, tidal and sun.
20 years away minimum. It's a nice thought until you get down to the real numbers.
Gas is going to be at peak shortage in 2024. Do you realise the capex for industry to 'switch over' to renewable and lead time? You are talking $Bns of investment and 5 years for most major plants.
I think people believe you can just put up a wind turbine and plug the NSW industries that run on gas into them.
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We are nowhere near supporting industry through renewable like...
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Peter Batten, MD
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