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Victorian Renewable Stupidity Spreading, page-31

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acorn

38,075 Posts.

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08/05/21

10:59

Post #: 53035116
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Originally posted by birdman29: ↑

Here in AU we get this ...

gov.au/parliamentary_business/committees/senate/wind_turbines
... wind turbines in Australia, the RET provides $1.09 billion per annum to the wind industry. On this basis, and assuming the RET operates for another 15 years, the RET cross-subsidy for existing turbines from now until 2030 will be in the vicinity of $9.3 billion.... Given that the wind industry plans significant future investment, the subsidy is likely to be considerably more than $9.3 billion. ...

And: Several submitters and witnesses to this inquiry have argued that these subsidies should stop on the basis that they distort the market. Regulation Economics, for example, argued that subsidised renewable energy has been 'sucking capital into worthless investments'.

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More fake news from the fake news factory.

" and assuming the RET operates for another 15 years, "

In other words, " I'm just going to make something up to scare the perpetually offended ".
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