Wind and solar cement energy cost advantage even over marginal cost of coal

The cost of generating electricity from onshore wind and solar installations continued its cost advantage over fossil fuel generation in the latest edition of Lazard’s Levelized Cost of Energy Analysis. The well regarded analysis noted onshore wind and utility-scale solar became cost-competitive with conventional generation several years ago on a new-build basis. In its 2019…

Now NSW sources ferries from overseas, ignores local builder

Comment by Peter Roberts The New South Wales government has confirmed its love affair with importing expensive transport equipment with the purchase of 13 Sydney harbour ferries for a reported $1.3 billion. Writing in MichaelWest.com, maritime commentator Neil Baird said Northern NSW company, Birdon had contracted to build the ferries in China and Indonesia. The…

Development capital sector invests in manufacturing through Levett

Development capital interests have agreed to buy leading South Australian supplier of precision components and assemblies for defence and aerospace industries, Levett Engineering.. CPE Capital subsidiary ASDAM will add Levett to a growing portfolio of manufacturing interests, focused on high tecnology suppliers to defence prime contractors. Levett provides complex parts for naval and air force…

Now Microsoft and Google make quantum breakthroughs

Technology giant Microsoft has joined rival Google in announcing important advances in quantum computing, the next stage in smaller and ever more capable computers. Yesterday Microsoft chief executive officer Satya Nadella announced the technology company had developed a “full-stack, open cloud ecosystem” to bring the benefits of quantum computing to developers around the world. He…