Renewables are ‘lowest cost’ of energy: AEMO CEO
AEMO Chief Executive Daniel Westerman says renewables are the “lowest cost” of energy during a wide-ranging interview with Sky News Australia Business Editor Ross Greenwood.
The Australian Energy Market Operator has released its 25-year roadmap about Australia’s energy needs.
It comprehensively rejects nuclear on current costs but highlights risks regarding the rollout of transmission lines and sufficient investment in renewable and gas generation.
Renewables are ‘lowest cost’ of energy: AEMO CEO
“The lowest cost is renewable energy, backed up with what we call firming, but ultimately backed up by flexible gas generation,” Mr Westerman told Sky News Australia.
“There are many challenges in building the transmission that Australia needs.”