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Comment on Australia could miss clean energy target as solar and wind investment slumps, investors warn

budget_biochemist@slrpnk.net ⁨23⁩ ⁨hours⁩ ago

Our (Australia’s) renewable power at the moment is bottlenecked by low storage. Once the storage is present to soak up excess generation during the day, investment in generation will probably pick up again.

We have so much solar power during the day that wholesale prices go negative and in six months they will be required to make it free during the day to try and shift usage to when the excess generation occurs.

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evenglow@lemmy.world ⁨21⁩ ⁨hours⁩ ago
Also this is investors complaining about large solar farms while not talking about distributed home solar.

She said some state planning changes and an ongoing review of the National Electricity Market could be causing uncertainty, but that large-scale renewable energy developments were often marginal investments and the underwriting program needed to offer more support for each project that received a contract.

“The structural issues include state planning delays, grid connection uncertainty, transmission constraints, rising project costs and lack of long-term revenue certainty,” he said.

Investors only concern is how they charge people for sunshine. There are parts of Australia where home solar generation just works.

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