US EditionAustralia’s green power switch may cost more than first thought: CSIRO
- CSIRO reported that installation costs for energy technologies are rising, potentially increasing by six to twenty percent by 2050 due to wage and material cost hikes.
- The first Australian offshore wind farm may incur a cost premium of 63 percent, impacting its development and viability.
- The Albanese government stated that the CSIRO report supports their plan for transitioning to a renewable grid, backed by gas and hydroelectric energy.
- CSIRO's director of energy, Dietmar Tourbier, emphasized that GenCost offers comprehensive cost projections for informed decisions in Australia's energy sector.
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CSIRO shows wind, solar and batteries carry lowest cost - Ecogeneration
Image: Hanasaki/stock.adobe.comRenewables backed by storage and transmission remain the lowest-cost new-build electricity generation technologies in Australia. The 2024–25 GenCost report was released by CSIRO and AEMO this week. Now in its seventh year, GenCost is Australia’s most comprehensive projection of electricity generation costs, incorporating detailed capital cost estimates, technology forecasts, and stakeholder consultation to support …
Coverage Details
Total News Sources15
Leaning Left3Leaning Right1Center1Last UpdatedBias Distribution60% Left
Bias Distribution
- 60% of the sources lean Left
60% Left
L 60%
C 20%
R 20%
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