Can anyone advise on the average increase in costs, in the last 2 years, for:-
a. new gas & oil projects in Australia?
b. extensions of current gas & oil fields, that are currently producing?
c. production costs of current producers (whose fields have not changed)?
renew economy G. Parkinson said"The cost of wind, solar and battery storage projects has jumped by between 20 and 60 per cent over the last two years, and show little prospect of any immediate reductions.
That is the assessment of Neoen, the French renewable and storage developer that has been the most successful developer in the Australian market, both by size and innovation.
Neoen is probably best known for building the original Tesla Big Battery (aka the Hornsdale Power Reserve), and the Victoria Big Battery, now the biggest battery in Australia".
https://reneweconomy.com.au/wind-solar-and-storage-costs-jump-up-to-60-pct-says-biggest-project-developer/
STO Well positioned, page-150
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