logo
Spain may find valuable lessons from South Australia's 2016 blackout

Spain may find valuable lessons from South Australia's 2016 blackout

On Sept. 28 in 2016, the state of South Australia's grid was hit with a blackout. At the time it was generating a high proportion of its power from wind turbines
Bloomberg
By Akshat Rathi
The world is waiting to hear from the Spanish grid operator for answers on what caused a nationwide blackout last week, but that hasn't stopped speculation that a high share of solar power on the grid was somehow a culprit.
On Sept. 28 in 2016, the state of South Australia's grid was hit with a blackout. At the time it was generating a high proportion of its power from wind turbines. And what happened in the years that followed is worth examining to understand how blackouts occur in an era in which renewables account for an of increasing share of the electricity mix, and how the grid continues to develop as a result.
What went down on that day? The Australian Energy Regulator's report in 2018 summed it up:
It was triggered by severe weather that damaged transmission and distribution assets, which was followed by reduced wind farm output and a loss of synchronism that caused the loss of the Heywood Interconnector. The subsequent imbalance in supply and demand resulted in the remaining electricity generation in SA shutting down. Most supplies were restored in 8 hours.
So were renewables to blame? A wind farm contributed, but so did many other things. 'The discourse on social media and traditional media tends to hyperfocus on a single cause,' said Ketan Joshi, author of Windfall, a book that explored the mistakes and opportunities of renewables deployment in Australia. 'But no one cause was alone sufficient to have caused the blackout.'
Cooler heads prevailed at the grid operator. In the short term, utilities increased the share of reserve gas power plants, improved weather warnings and synchronous condensers (a device that mimics a rotating power turbine) on the network. Over the longer term, electricity providers added tons of lithium-ion batteries onto the grid and increased the share of power generated from cheap, clean solar and wind farms.
In 2017, for example, Tesla Inc.'s Elon Musk promised to build a battery for South Australia's grid in a mere 100 days. And he delivered what was then the world's largest grid-connected battery, helping to kickstart an Australian energy storage boom that BloombergNEF forecasts will see 2.5 gigawatts of new utility-scale capacity added this year.
Nonetheless, Joshi said the blackout led to years of misinformation about renewables. He's documented many examples of politicians bringing up the 2016 blackout to slow down policies aimed at deploying renewables.
But renewables kept advancing. 'Engineers basically dealt with the problem by looking at the evidence, but equally Australia had a democracy that could withstand the level of disinformation being spread about renewables,' said Joshi. 'The challenge in Spain's case is to ensure the attacks don't find purchase.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Paytm shares in focus as Antfin plans 5.4% equity stake sale via block deal
Paytm shares in focus as Antfin plans 5.4% equity stake sale via block deal

Economic Times

time5 minutes ago

  • Economic Times

Paytm shares in focus as Antfin plans 5.4% equity stake sale via block deal

Shares of One 97 Communications (Paytm) will be in focus on Tuesday, August 5, as Antfin (Netherlands) Holding B.V. plans to sell 5.4% of its stake in the company through a block deal on Indian stock exchanges. ADVERTISEMENT According to the term sheet, the transaction is valued at Rs 3,803.3 crore (approximately USD 434 million) at the offer floor price. The offer floor price has been set at Rs 1,020 per share, representing a 5.4% discount to Paytm's closing price of Rs 1,078.20 on the National Stock Exchange (NSE) as of August 4. The sale involves up to 3.7 million shares, accounting for 5.84% of the company's total outstanding proposed sale will be executed as a bulk sale via one or more share sales on the screen-based trading platform of Indian stock exchanges. The entire offering is secondary in nature, implying that the company will not receive any proceeds from the deal is being managed by Citigroup Global Markets India and Goldman Sachs (India) Securities, who are acting as the placement agents for the transaction. ADVERTISEMENT Books Open: Around 7:00 AM IST on August 5, with the option to close earlier. Around 7:00 AM IST on August 5, with the option to close earlier. Expected Trade Date: August 5, 2025 (T) August 5, 2025 (T) Expected Settlement Date: August 6, 2025 (T+1) August 6, 2025 (T+1) Lock -up: Not applicable; classified as a clean-up trade Not applicable; classified as a clean-up trade Brokerage & Charges: Buyer to bear 25 basis points, with additional market charges as applicable Buyer to bear 25 basis points, with additional market charges as applicable USD/INR Reference Rate: 87.6525 (Bloomberg rate as of August 4, 2025, 4:00 PM IST) According to the term sheet, no official pricing guidance will be provided until the shares are crossed on the exchanges on August 5. ADVERTISEMENT On Monday, the shares of Paytm closed flat at Rs 1,078.30 on the BSE. Also read: Tata Investment announces first-ever stock split in 1:10 ratio; check details on record date (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)

Dollar weakens as rate cut odds rise, tariff uncertainties linger
Dollar weakens as rate cut odds rise, tariff uncertainties linger

Time of India

timean hour ago

  • Time of India

Dollar weakens as rate cut odds rise, tariff uncertainties linger

Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The U.S. dollar wavered on Tuesday as the rising odds of Federal Reserve rate cuts weighed on sentiment, while investors assessed the broader economic impact of U.S. tariffs unleashed last dollar remained under pressure following Friday's U.S. jobs report that showed cracks in the labour market, prompting traders to swiftly price in rate cuts next month.U.S. President Donald Trump's firing of a top statistics official and the resignation of Federal Reserve Governor Adriana Kugler also exacerbated market unease, leading to a sharp dive in the dollar on U.S. currency found its footing on Monday but was weaker in early trading on Tuesday. The euro last bought $1.1579 while sterling stood at $ dollar index, which measures the U.S. currency against six other units, was at 98.688 after touching a one-week low earlier in the are now pricing in a 94.4% chance of the Fed cutting rates in its next meeting in September, compared to 63% a week earlier, CME FedWatch tool Sachs expects the Fed to deliver three consecutive 25 basis point cuts starting in September, with a 50 basis point move possible if the unemployment rate climbs further in the next Francisco Federal Reserve Bank President Mary Daly said on Monday that given mounting evidence that the U.S. jobs market is softening and no signs of persistent tariff-driven inflation, the time is nearing for rate cuts."I was willing to wait another cycle, but I can't wait forever," Daly the focus remains on tariff uncertainties after the latest duties imposed on scores of countries last week by Trump, stoked worries about the health of the global Japanese yen firmed slightly to 146.95 per dollar after minutes of its June policy meeting showed a few Bank of Japan board members said the central bank would consider resuming interest rate increases if trade frictions Swiss franc was steady at 0.8081 per dollar after dropping 0.5% in the previous session as Switzerland geared up to make a "more attractive offer" in trade talks with Washington to avert a 39% U.S. import tariff on Swiss goods that threatens to hammer its export-driven long-term impact of the tariffs though remains uncertain, with traders bracing for volatility."This is going to be like the pandemic, we all expect to see the transitory impact on supply chains to happen very quickly," said Rodrigo Catril, currency strategist at National Australia Bank in Sydney."It'll probably take six months to a year to see exactly where we land and who's going to be winners and losers from all this."In other currencies, the Australian dollar was 0.11% higher at $0.64736, while the New Zealand dollar rose 0.11% to $0.5914."We're still of a view that the big dollar is heading down," Catril said, referring to the U.S. dollar."While global growth means pro-growth currencies like Asian currencies and the AUD should struggle, we've other structural dynamics in the USD, where policies are dollar-negative."

Apple Is Taking On ChatGPT AI Search With New ‘Answers' Team: What We Know
Apple Is Taking On ChatGPT AI Search With New ‘Answers' Team: What We Know

News18

timean hour ago

  • News18

Apple Is Taking On ChatGPT AI Search With New ‘Answers' Team: What We Know

Last Updated: Apple's AI push is going to get fiercer and the new Answers team will be hoping to compete with the best in the market. Apple is going to make some big moves in the AI arena to get started and the company is even ready to spend big on making it happen. However, new reports say Apple is working on its own ChatGPT search-like feature with the help of a new team. The company has set up an internal team codenamed 'Answers, Knowledge and Information' (AKI) that is being entrusted with developing an AI-powered search platform. As the name suggests, AKI will be using the web to crawl for responses and give answers to GK-based queries from the users. The Bloomberg report suggests this could be Apple's first real fist at making in-house AI chatbot. Working For The Future The AKI team, as given in the report, is going to help shape the AI infrastructure for search at Apple that will eventually offer its capabilities to Siri, Spotlight and even Safari, it adds. The company has relied on external AI support to offer features to iPhone users but it seems Apple knows that a strong AI future is relying on in-house backend architecture that not only delivers quality but also ensures privacy of the users. Can the new team help Apple find the answers? We'll know soon. We're hearing about the new AI search tool from Apple around the same time when the company is planning for some big moves in the market. Tim Cook has been trying his best to internally keep the motivation going, and recently made a rousing speech in front of the employees, asking them to put most of their eggs in the AI basket. 'AI is one of the most profound technologies of our lifetime. And I think it will affect all devices in a significant way," he was quoted saying in the meeting by Bloomberg. The company has even considered buying Perplexity and others might feature on its list now. Apple clearly has its work cut out to challenge OpenAI and Google, as the former is already close to releasing ChatGPT v5.0 in the market, which has Sam Altman scared about the power and future of the technology with its fast advancement and no oversight in place. view comments First Published: August 05, 2025, 07:34 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store