While Australia continues to shoot itself in the foot with the mandated switch from efficient, relatively cheap fossil fuels to problematical "renewable" energy, it seems Minister Bowen's plans have problems:
(from 'The Oz' Wednesday 29 November 2023):"Just two large-scale renewable energy generation projects secured final investment commitments during the three months to September 30, data from the Clean Energy Council shows.
The figures illustrates how Australia is struggling to meet its ambitious target of rapidly weaning the economy off its coal dependency.
The Clean Energy Council said the two renewable energy projects that did secure financial commitments could produce about 161 megawatts of new capacity at a cost of $150m – the fourth-lowest quarterly figure since it began tracking project data in 2017.
The council also said just 13MW of storage capacity secured financial commitments during the third quarter, a decline from the previous quarter when batteries were the lone bright spot in the data..."
Ann: Company presentation, page-8
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