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Hingdog

23,754 Posts.

1501

17/06/24

22:21

Post #: 74359716
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Originally posted by madamswer ↑

The point being that ORG are rationing investment capital for renewables, because they believe the returns are sub-optimal. And that's simply the way the world works; private capital goes to where the best investment returns
are to be had.

It's been that way since the Phoenician times.
Not sure what else to tell you.

As for the government being "wedged" for subsidies by ORG and AGL, if the renewable projects that ORG and AGL choose to not develop stacked up on their own merit in terms of attractive financial returns, someone else would come along and build them, and the government wouldn't have to parlay taxpayer money into the bargain.

.

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If renewables were as cheap as the renewables shills claim, the private sector would be falling over themselves to get in on the action as the profit margins would be huge .....
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