Renewables Subsidies Still Failing to Create Worthwhile Industries

Exercpt from Joannenova:-

Only 18 months ago the Australian government gave $14 million dollars to Andrew “Twiggy” Forrest to figure out if his team could build a 500MW electrolyser to make hydrogen gas on an island near Brisbane. It was going to be a glorious Australian green-techno future, the largest hydrogen plant in the world, but it’s missed three deadlines in the last three months to greenlight the project. Instead the Australian company is going overseas.

As Nick Cater points out this part of the made-in-Australia renewable superpower is going to be made-in-Arizona because they still have cheap electricity — a  miraculous 7.5c a kilowatt hour!


Despite over 300 sunny days a year, Arizona surprisingly sources over 90% of its electricity from non-renewable resources. Coal contributes 38%, natural gas 24%, and nuclear power 29%. (24 Jan 2024).

In Australia as renewables increase in each state as percentage of electricity  then prices  go much higher.
Take South Australia with the most renewables as percentage of any state with the highest by far electricity prices.

No wonder industry despite generous  and largely wasted subsidies is leaving Australia.




Average electricity costs per kWh (by state)

	State	Average price of power
1	South Australia	45.54c/kWh
2	Tasmania	28.12c/kWh
3	Victoria	28.45c/kWh
4	Western Australia	30.06c/kWh

4 more rows
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8 Apr 2024