AGL kills idea of gas as transition fuel: wind, solar + storage cheaper : Renew Economy

Australia’s largest integrated energy company, AGL Energy, says Australia’s transition away from a coal power dominated national grid to low-carbon generation will largely bypass “baseload” gas, and instead shift straight to large-scale wind and solar.
The annual report of AGL is seen at the Melbourne Recital Centre following the company’s AGM in Melbourne, Wednesday, Sept. 30, 2015. 
As politicians and the gas lobby expend considerable energy over the need to guarantee supply of gas, the company founded some 180 years ago as The Australian Gas Light Co, says the combination of wind and solar and battery storage is already cheaper than new gas generators.
“The energy transition we have all been anticipating will skip ‘big baseload gas’ as a major component of the NEM’s base-load generation and instead largely be a case of moving from ‘big coal’ to ‘big renewables’,” AGL CFO Brett Redman says in a presentation to the Macquarie Australia Conference in Sydney on Tuesday.

http://reneweconomy.com.au/agl-kills-idea-of-gas-as-transition-fuel-wind-solar-storage-cheaper-63013/

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