the Swiss are investing in our Future

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the Swiss are investing in our Future

Postby DonDeeHippy » 31 May 2018, 08:39

I'm sure Australia has about 50 Gigawatt of capacity now and uses a average of 30ghw
this is huge....

https://cleantechnica.com/2018/05/29/swiss-equity-firm-commits-to-1-3-gigawatt-australian-renewable-energy-platform/
Swiss private equity firm Partners Group has announced that it is investing AUD$700 million in the development of the Grassroots Renewable Energy Platform in Australia, a 1.3 gigawatt (GW) renewable energy platform which will be made up of wind, solar, and battery storage assets built across the country in the next four years.
On Monday, Partners Group announced that it was teaming up with local developer CWP Renewables and will invest AUD$700 million (USD$527 million) into the development of a large-scale renewable energy platform which includes two projects already under construction, the announcement of imminent construction of a third project, and the promise of more, to a total of 1.3 GW.
“In Australia’s energy market, a significant transition away from fossil-fuel power is now underway,” said Haan. “The compelling economics of renewables and the age of older coal plants is driving that change, the speed of which is ramping up. While it is true that political instability has delayed the transition in the past and the sector is still somewhat fragmented, the Grassroots platform is aimed at this transition and its business plan is robust enough to deal with any likely outcomes from the current political debate. We believe Grassroots has the scale and the competitive edge to succeed and become a significant renewable IPP in Australia.”
The nature of the country’s political apathy has therefore forced developers and financial backers to look to other means and avenues to support the great potential of Australia’s renewable energy resources.
“We have long emphasized the attractiveness of the Australian renewable energy sector,” said Benjamin Haan. “However, as competition from low cost-of-capital buyers has driven down returns for operating renewable assets, we have focused instead on opportunities to build assets and expand them into platforms with the aim of exiting large, stabilized core assets in the longer term. The Grassroots platform allows us to aggregate a number of projects and build a platform of significant scale. Our 1.3 GW project pipeline also means we can be selective and develop Grassroots into a platform of quality renewable assets which will be attractive to core investors.”

Despite our dodgy pollies they r going ahead :thumb
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Re: the Swiss are investing in our Future

Postby HBS Guy » 31 May 2018, 08:58

Good for the Swiss—but it should be Australian companies and we should make the solar panels and wind generators ourselves.

The problem with power prices and unreliability of the grid is six years of Lib policy paralysis.
Abbott & Co are going to cause the mother and father of all recessions—be prepared!
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Re: the Swiss are investing in our Future

Postby johnsmith » 31 May 2018, 09:35

should be the australian govt. building these things then selling them for a profit.


our govt. is full of idiots
FD.
I hope that bitch who was running their brothels for them gets raped with a cactus.
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Re: the Swiss are investing in our Future

Postby DonDeeHippy » 31 May 2018, 13:12

yes then u get the complainers that foreign countries r taking over... what do u do.
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Re: the Swiss are investing in our Future

Postby Squire » 31 May 2018, 13:49

Swiss Muslims are stealing our sunshine. Sharia law enters the energy industry.
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Re: the Swiss are investing in our Future

Postby johnsmith » 31 May 2018, 14:06

DonDeeHippy wrote:yes then u get the complainers that foreign countries r taking over... what do u do.


The liberal parties solution is to dig more holes
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