Good article, and if they have their facts right, these statistics are something to get excited about.
The only part I find a bit misleading is "Bloomberg found the data is clear here as well: in 2011 coal attracted just 17 per cent of value of completed electricity generation projects, gas attracted 36 per cent, and renewables 41 per cent (of this 41 per cent was wind and solar was 6 per cent)." This may be true but coal plants are typically established and long-running so 'completed electricity generation in 2011' doesn't really paint the picture.
I'm of the opinion (perhaps cynically) that Australia will still be running on brown coal when the rest of the world is long since running on gas, solar, wave (and of course, fuel cell) power.
- Forums
- ASX - By Stock
- CFU
- king coal dethroned
king coal dethroned, page-2
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CFU (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online