Tech billionaire Mike Cannon-Brookes says massive investments in renewable energy initiatives could lift Australia out of recession by creating jobs, lowering power prices and generating new export revenue streams | carawaters
which plans to build the world's largest solar farm with a 10-gigawatt capacity covering 15,000 hectares near Tennant Creek in the Northern Territory, and a 22GW-hour storage plant.The project aims to supply competitively priced electricity to the Darwin region and to Singapore via a 4500-kilometre high-voltage cable.
Mr Cannon-Brookes said cables were great conductors of electricity and provided a solution which should be used for other projects. "If people are saying 'Is gas a transition fuel?' then the answer is yes, it is today being used as that, it's about 10 per cent of our energy generation today in the NEM," he said. "Will it be a massive transition fuel of the next 20 years? No.""If we talk about the best plan for the economy, it has to be over the next 20 years we have to electrify everything and generate all electricity largely with renewables," he said.
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