CWE carnegie wave energy limited

Could this be a good thing, page-8

  1. 351 Posts.
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    I mean the amount paid per kW/h for power generated. The return on their investments depends on this (and their tax exempt status).

    https://en.wikipedia.org/wiki/Feed-in_tariffs_in_Australia

    " Feed-in tariffs (FIT) are a premium rate paid to producers of renewable energy. They are a way of subsidising renewable energy and in Australia have been enacted at the State level, in conjunction with a federal law creating a mandatory renewable energy target."

    Obviously as I get paid a FIT myself, I'm not against the idea as such. But from the government's point of view, they have to consider whether the wind farms are actually letting them turn down the coal/gas portion of base load. If not, there's no net saving in C02, just more spending in dollars. Also, it seems counter intuituve, but some coal/gas plants are less efficient when running at a reduced rate or on standby anyway. Sort of a double whammy.

    CETO power would seem (at least from what we have seen so far) to be much less variable than wind turbines. The potential benefit of this lesser variability is where CWE could really shine.
    Last edited by Chimpbpoy: 13/07/15
 
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