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10-09-2020, 01:42 PM
#701
Member
https://www.rnz.co.nz/news/political...ration-by-2030
Labour wants 100% Renewable Energy Generation by 2030..
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10-09-2020, 01:47 PM
#702
Originally Posted by gains
Electioneering fantasy land stuff in my opinion.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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10-09-2020, 01:54 PM
#703
Member
Originally Posted by Beagle
Electioneering fantasy land stuff in my opinion.
How are they coming along with the 100,000 houses. Roughly 30 a day I reckon.
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10-09-2020, 02:04 PM
#704
Originally Posted by gains
Well if they really do that, we will be having blackouts at regular intervals when the lakes are low...
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10-09-2020, 02:09 PM
#705
They also promised to electrify the Government fleet of 15,000 cars. Have delivered 108 in 3 years or 0.7% of the fleet. So yes like Beagle said, "electioneering fantasy land stuff"
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10-09-2020, 02:24 PM
#706
Originally Posted by iceman
They also promised to electrify the Government fleet of 15,000 cars. Have delivered 108 in 3 years or 0.7% of the fleet. So yes like Beagle said, "electioneering fantasy land stuff"
You are right, and it looks like the uptake of EV's is on the decline big time. Less EV's registered last month than 2 years ago.
https://www.transport.govt.nz/mot-re...registrations/
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10-09-2020, 03:12 PM
#707
Originally Posted by gains
Be bad for Genesis's div yield that wouldn't it?
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10-09-2020, 03:56 PM
#708
Originally Posted by Beagle
Electioneering fantasy land stuff in my opinion.
Originally Posted by blackcap
Well if they really do that, we will be having blackouts at regular intervals when the lakes are low...
This is one policy that is achievable. It would not be cheap, but certainly possible. The lake Onslow Pumped Storage scheme is what would ensure the lights stay on during a dry year. If taken to its maximum potential it would treble NZ's available storage at a cost of $4B.
The point to remember is that Onslow would not produce any new energy, but would store energy at times of excess and release it again at times of shortage. The additional new energy would need to come from wind farms, like the 860 MW Castle Hill one.
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10-09-2020, 04:25 PM
#709
Member
Originally Posted by Jantar
This is one policy that is achievable. It would not be cheap, but certainly possible. The lake Onslow Pumped Storage scheme is what would ensure the lights stay on during a dry year. If taken to its maximum potential it would treble NZ's available storage at a cost of $4B.
The point to remember is that Onslow would not produce any new energy, but would store energy at times of excess and release it again at times of shortage. The additional new energy would need to come from wind farms, like the 860 MW Castle Hill one.
My thoughts exactly, starts to make sense why government started talking about Lake Onslow a month or so ago.
Castle Hill would be a must, but Onslow is the why such a project would get enough security to make it feasible.
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10-09-2020, 04:30 PM
#710
Originally Posted by Jaa
Be bad for Genesis's div yield that wouldn't it?
Probably not.
By 2030 all the Rankine units will be retired and unit 5 will be nearing the end of its economic life.
Replacing those will be the Castle Hill wind farm, but that only becomes fully economic if there is a method of storing that wind energy at times of high generation. This is where the Onslow scheme helps. It can store energy, and at the same time apply a floor to the price that wind farms get for their generation. This would be doubly effective if Genesis was to own and/or operate the Onslow scheme.
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