Energy market investors know where supply will be sourced in the future, so they’re planning investments now. They know the future is to have renewables coming on line as the Neanderthal-based coal fired power generators slowly approach the end of their useful life.
Australia could be getting quite rational in its approach to future power supplies, despite the backward looking conservative federal govt, which remains in thrall by an industry that contributes strongly to the cost of the govt’s election and political campaigns - thermal coal.
The photos of the dim witted Treasurer Scott Morison fingering a lump of thermal coal on the floor of the House of Representatives says it all about the marriage between yesterday’s men and yesterday’s fuel.
The following is taken from ABC News’ Internet site, where the full report appears.
“A billion-dollar wind farm planned for central Queensland is set to be the biggest in the state and one of the largest in Australia.”
“The 195-turbine Lacour Energy project at Clarke Creek, north-west of Rockhampton, has been granted State Government approval, with construction expected to begin next year.
“Company director Mark Rayner said the turbines would be positioned across eight cattle grazing properties, stretching 50 kilometres along the Broadsound Range and covering 76,000 hectares.
"”We have the full support of the landowners on which the project will be built on," he said.
“With the full feasibility study yet to be completed, Lacour Energy is continuing wind measurements at the site as well as detailed cost estimates for the project.
“"At this stage, we're quietly confident that the project is going to proceed," Mr Rayner said.”
