Did you read the article?
We don't have a way to go,
renewables are cheaper now that's what he has chosen for that reason. In case you missed it, that is including energy storage for when the wind don't blow, the sun don't shine and it's too warm for coal to keep functioning for a backup.
To reinforce that we have crossed that threshold the government is considering making us subsidise coal power because compared to renewables it's becoming uneconomic. It always has been subsidised of course, as an essential service, to keep it profitable for those private hands.
Sanjeev Gupta, an industrialist whose family-owned GFG Alliance group of companies has been credited with resurrecting Britain’s steel industry, says he considered investing in coal generation in the state’s Upper Spencer Gulf after buying Arrium’s steel mill last year but found solar backed by“firming” storage technologies made better economic sense.
“It’s still everybody’s perception that it is cheaper to make power from coal than it is from renewables, and it is no longer the case,” he told Guardian Australia. “It was the case not long ago, but it’s no longer the case, and we will prove it.”
His comments come as the federal government considers additional support for coal power alongside its proposed national energy guarantee policy. Some Coalition MPs have called for the taxpayers to underwrite or subsidise coal–fired generation.
