AVL 7.14% 1.5¢ australian vanadium limited

According to Australia's energy market operator we will need to...

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    According to Australia's energy market operator we will need to install 16 times its current capacity of batteries and pumped hydro by 2050, while large-scale wind and solar generation will have to jump six fold, if the country is to deliver its transition to net-zero emissions by 2050.

    To meet Labor’s 2030 target of having renewable energy generate 82 per cent of the country’s power, AEMO said 55GW of new wind and solar generation will be needed – more than double the 22GW of similar projects already installed. Australia’s entire coal power fleet produces 21GW of power.

    AEMO said 6GW of capacity would need to be added every year, compared to the current rate of 3GW to 4GW. Wind power is drive the transition through to 2030, complementing installations of rooftop solar systems. By 2050 there will be 58GW of large-scale solar generation and 69GW of wind power.

    2 things to take from this....Australia needs a s..t load of renewables and if nuclear happens they clearly exist in parallel....second does anyone think the current brains trust in government can pull the above off?.....yeah nah

 
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