“MELBOURNE, Dec 8 (Reuters) - The Australian government has agreed to underwrite new wind and solar farms backed by energy storage, in hopes of unleashing investment at least A$10 billion ($6.7 billion) to stabilise the grid as coal-fired plants retire.
The long-awaited pact with states will not include payments to coal-fired plants, which had been a major stumbling block in talks between the federal government, regulators and states about a plan for stable power supply.”
https://www.reuters.com/business/energy/australian-government-underwrite-renewable-energy-capacity-2022-12-08/
Good News & Bad News, page-19669
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