Investment commitments last year were the lowest since the Clean Energy Council started tracking that metric in 2017.
there thats enough for starters and totally destroys all the bull poo she pours out day after day
now the remainder of the article as it blows away all the rubbish we have been told with the Truth of so called renewables
bolding is mine
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Almost nothing is going right in Australia's quest to become the first country in the world to be powered entirely by renewable energy.
The Australian Energy Market Operator warned last week that the promised acceleration of investment in wind and solar energy isn't happening.
Investment commitments last year were the lowest since the Clean Energy Council started tracking that metric in 2017.
Transmission projects are way behind schedule and are increasingly facing community resistance, just as they are in the US, where expensive wind and solar projects sit idle because they can't be connected to the grid.
Even if investment starts to flow, there is still a fundamental technical challenge to overcome, one so obvious it shouldn't need stating.
Electricity from weather-dependent generators must be stored or linked to a reliable backup system, like quick fire gas generation.
Batteries are being installed faster than wind and solar, but they are still not keeping up.
The growing consensus worldwide is that lithium storage won't be an economical or efficient way to replace wind and solar for extended periods.
Other technological solutions, like compressed air, are in the development stage.
Right now, however, the only feasible medium-term storage technology is pumped hydro.
The limitations of pumped hydro are substantial, particularly on a flat, dry continent like ours.
Pumped hydro schemes require heroic feats of civil construction, which are almost always subject to delays. The destruction of natural landscapes and the threat to biodiversity are potentially far more significant than building any other type of energy infrastructure.
Generators run by pumped hydro cannot operate continuously since they are limited by the amount of water that can be pumped and stored.
Pumped hydro is also hellishly expensive, as we learned in the Budget - which confirmed that we're unlikely to see any change out of the $12 billion set aside for Snowy 2.0, more than three times the original estimate.
and more on the link
The cost per unit of electricity supplied by pumped hydro will be several times higher than that from nuclear power since it only produces electricity part of the time.
