Spain's crippling blackout shows need for gas in a greener world: Woodside CEO
While authorities are still searching for the cause of the unprecedented loss of power in Spain, Portugal and southern France on April 28, Woodside, the largest Australian gas producer, has seized on the consequences of the disruption to drive home the importance of ensuring reliable energy supplies.
'What we can see with certainty is that these events reinforce the need to focus on energy security and energy affordability as well as – and not instead of – emissions reduction,' Woodside chief Meg O'Neill will tell the Australian Energy Producers conference in Brisbane on Tuesday.
'When we lose sight of any one of these, all three are at risk.'
As investigations continue, some analysts and commentators have raised questions about the Spanish grid's rapid shift to solar farms and wind turbines, which account for more than half of the country's electricity, and which can make it more challenging to balance fluctuations in supply and demand.
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Rystad Energy analyst Pratheeksha Ramdas said: 'Spain's high renewable penetration exposed difficulties in balancing intermittent supply, while Portugal's complete reliance on imports underscored its lack of flexibility and energy storage.'
Spain's grid operator, Red Electrica, and government leaders have denied any link to the expansion of wind and solar power.
O'Neill's comments on the European blackouts come as Australian oil and gas executives seek to press the Albanese government to focus in its second term on making it cheaper and easier to drill for fossil fuels. Actions they are seeking include cuts to red tape, a simplification of environmental permitting and greater clarification on who must be consulted over offshore oil and gas projects to avoid ambiguity and 11th-hour lawsuits that force costly delays.
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