‘Baseload’ renewables coming to Australia

first_img FacebookTwitterLinkedInEmailPrint分享Renew Economy:Australia is currently experiencing an unprecedented boom in solar and wind energy investments, both in terms of capacity and dollars. It will likely take the country to a 33 percent share of renewables as early as 2020.But there is another fascinating development taking place–as more and more wind and solar is added to the grid, the shape of their output is also changing, and in a way that should give confidence about a clean energy future based around a high level of variable renewable energy sources.Two significant trends that are emerging: the first is the offering of “firming contracts” to those looking to source a significant amount of their supply from wind and solar, but wary of wholesale price risks when the sun don’t shine and the wind don’t blow. The second is the development of projects that do much the same thing but this time by the physical combination of wind, solar and some form of storage at the one site, or nearby. Proposals and projects are now emerging across the country.One of the first “solar firming” products came from TFS Green, who helped put together a package for ERM Power that takes the risk out of contracting with a solar farm. This is a product that simply seeks to manage the risk from variable solar output by providing price swaps. It allows a solar plant to provide a customer with a firm price for a flat load.Roger Price, the CEO of Windlab, also talks of fully dispatchable renewables–or, to borrow the parlance of the coal lobby, “baseload renewables”, with the Kennedy Energy Park inland from Townsville. The first stage of this project is being built now, combining 43 MW of wind, 15 MW of solar, and 4 MWh of Tesla battery storage. “It’s the perfect match,” Price says. “You get solar in middle of the day, the wind resource picks up as the sun starts to set, blows through night, then drops after the solar” emerges for the morning peak.And, of course, there is the Kidston project in North Queensland, not far from Kennedy, where Genex Power is looking to combine 270 MW solar and 250 MW of pumped hydro, with maybe 6-8 hours storage, and then add 150 MW wind power for good measure.More: The changing shape of wind and solar in Australia’s grid ‘Baseload’ renewables coming to Australialast_img read more

Schroders takes stake in Dutch SME loan company Neos

first_imgIt claimed to be the first international asset manager to make SME loans directly available to institutional investors.In the new venture, Schroders is to line up investors while Neos will select companies that want to finance their growth.Neos said it wanted to fill the gap between bank financing and private equity, and that the level of interest charged was between covered short-term loans and mezzanine debt.It added that the duration of the issued loans was up to seven years.Quirijn Haak, director and co-founder of Rotterdam-based Neos, said: “We have a network of more than 50 local accountants and advisers who select the companies in the target group. Because the companies are their clients, our partners know them well.”According to Haak, who has also been associate director at merchant bank NIBC, Neos is able to assess a company’s loan application within a few days.Michel Vermeulen, director at Schroders’s Dutch division, said the asset manager chose Neos because of its track record.Haak attributed Neos’s success to the fact that it uses the approach and analysis of SME loans usually applied for much larger companies’ structured finance solutions.In his opinion, there are “tens of thousands of firms that would be eligible for this kind of direct loan”.He estimated the Dutch market at approximately €1.5bn annually.“The venture with Schroders should make it possible to service one-quarter of this market in the longer term,” he said. The €425bn global asset manager Schroders has taken a 25% stake in Dutch company Neos Business Finance, which issues loans to small and medium-sized enterprises (SMEs).Neon, which has already provided loans on behalf of the industry-wide pension funds for the furnishing (Wonen) and retail sectors (Detailhandel) in the Netherlands, said it also expected to branch out into Belgium and the UK.To date, Neos has issued 75 loans of up to €1m each – and totalling €48m – through its MKB Impulsfund.Schroders said the new joint venture aimed to offer clients the option to invest in high-yielding loans to local medium-sized companies.last_img read more

Track and field heads to NCAA preliminaries

first_imgThe Women of Troy will begin their quest to repeat as national champions after narrowly securing the title by a single point last year. “We’re changing the culture,” Gilbert said in an interview with Pac-12 Network. “We’re developing a program, not just a team.” On the men’s side, freshmen Brendon Stewart and Daniel Robinson will compete along with junior Alexander Barnum in the 100-meter dash. Robinson and Stewart will also compete in the 200-meter sprint alongside fellow freshman Eric Allen Jr. In the 800-meter sprint, junior Isaiah Jewett and freshman Sam VanDorpe will run for USC. Redshirt junior sprinter Angie Annelus was named Women’s Track Athlete of the Year. Annelus earned the most points of any single Trojan athlete at the championships by winning the 200-meter sprint event, placing second in the 100-meter dash and competing on the first-place 4x100m relay team. She is the second consecutive Trojan to win the award after Kendall Ellis received the honor last season. In the 100-meter hurdle event, sophomore Chanel Brissett, senior Dior Hall and juniors Anna Cockrell and Mecca McGlaston will race for USC. Cockrell will also compete in the 400-meter hurdles. The Trojan women will also be competing in the 4x100m and 4x400m races, where they are favored to win. Freshman sprinter and jumper Lanae-Tava Thomas was named Women’s Freshman of the Year. Thomas led USC freshmen in points at the Pac-12 Championships, finishing second in the 200-meter sprint and third in the 100-meter dash; he also competed on the winning 4x100m relay team. Track and field director Caryl Smith Gilbert was also named Women’s Head Coach of the Year. This is the third time that Smith Gilbert has earned a coaching distinction and the second consecutive year that she was named Women’s Coach of the Year. At the NCAA West Preliminary Championships, Annelus and Thomas will be joined in the 100-meter dash by sophomore Twanisha “Tee Tee” Terry who qualified with a time of 11.09 seconds — the fastest qualifying time. The trio will also compete in the 200-meter event. Sophomore Kaelin Roberts, junior Kyra Constantine and freshman Bailey Lear will represent USC in the 400-meter sprint event. USC’s men’s and women’s track and field teams will head to Sacramento to compete in the NCAA West Preliminary Championships Thursday. The event comes on the heels of impressive performances at the Pac-12 Championships earlier this month where the women’s team won first place and the men’s team placed fifth. This is the second consecutive year the women’s team has earned the Pac-12 title for Southern California. Freshman Omotade Ojora and senior Marquis Morris will be competing in the 110-meter hurdle event while sophomore Cameron Samuel will run in the 400-meter hurdle event after having qualified with the fastest time. “It is great to know that we can [win the national championship], and we’ll use that as fuel to go forward,” Gilbert said. “But as I said before, last year was last year. It’s 2019 now.” After competing in the Pac-12 Championship, the women’s team currently ranks second in the nation while the men’s team ranks 10th. They look to continue their successful seasons at the NCAA West Preliminary Championships in order to qualify for finals, which will be held in June in Austin, Texas. Sophomore Twanisha “Tee Tee” Terry had the fastest qualifying time for the 100-meter dash at 11.09 seconds. (Ling Luo/Daily Trojan) Freshman hurdler and multi-event competitor Ayden Owens was named Men’s Freshman of the Year. In April, he set a USC record in the decathlon event with 8,130 points at the Bryan Clay Invitational, and currently leads the NCAA in this event. Since the Pac-12 finals, several Trojans have been recognized by the conference for their stellar performances this season. last_img read more

Tipp’s O’Brien hoping to claim big prize at Newmarket

first_imgThere’s nearly 300-thousand pounds on-offer to the winner of the big race at Newmarket today at 3.45pm. Tipperary trainer Aidan O’Brien has got two runners in the one-mile sprint, with the Ryan Moore mount, “Gleneagles” likely to be sent-off as favourite ahead of “Ol’ Man River” under Joesph O’Brien.last_img