Pipeline of renewable energy projects falls 80pc, hurting the nation’s transition goals. Is the headline in the Australian Business Review on the 13/3/2024.
IT’S MORE THAN HURTING THE TRANSITION GOALS IT IS SOUNDING THE DEATH NELL. WHO IS GOING TO INVEST IN ASSETTS THAT WILL BECOME GREEN ELEPHANTS.?
The article spells it out in detail. Spending on large scale renewable energy developments during 2023 fell nearly 80 per cent from the previous year, a hammer blow to federal Labor’s plan to rapidly accelerate the rollout of new zero emission energy sources.
Investment in big solar and wind projects plummeted to just $1.5bn in 2023 from $6.5bn in 2022, a 77 per cent fall, according to a new study by the Clean Energy Council. The sharp slowdown in financial commitments was blamed on a logjam in planning and environmental approvals, higher costs and tighter markets for equipment and labour.
An uncertain policy environment also contributed to the decline, with a long-term Renewable Energy Target set to wind up at the end of 2030.
Wind Farms were the biggest drag on momentum, with no new financial commitments to big wind projects in 2023, compared with six in the previous year. The “alarming statistic is the significant slowdown in new financial commitments to large-scale generation projects, which is usually a good signifier of how the sector will perform in the years to come,” Clean Energy Council chief executive Kane Thornton said. End of quote
May I strongly urge all business owners, large and small. CEO’s Managers, those in charge of aged care homes, and other public institutions, everyone in a position of management. Homeowners, etc. Blackouts are a diabolically, serious issue. Talk with your management, boards, staff about how it will affect your business.
Any business who believes that their business is totally renewable energy powered is deluding themselves and doesn’t realise how wrong they are. It is more likely to be 60% coal and only 30% renewables, with the damage they are doing to Rural Australia is reprehensible.
Continue to promote our petition as widely as possible. https://www.change.org/p/blackouts-will-be-devastating-they-must-be-avoided-at-all-costs I would value it if you are able to donate $20 or $50 to promote the petition on Change.org and also promote it on Facebook, Twitter, Whatsapp or Email.
KEEP INFORMED BY DAILY MONITORING THE AEMO DATA DASHBOARD. And alert your friends to watch the AEMO dashboard, the more know what's happening the better.
Particularly at 7pm and 7am (Or a time that suits you?) watch (and record) the mix of coal, gas hydro, batteries, solar and wind generation and the prices per MWh for each State on the AEMO dashboard.
Example: Eastern States 14th March 5.50pm EDST. Batteries 0%, Biomass 0%, Black Coal 47% Brown Coal 14%, Gas 7%, Hydro 5% Diesel 0% Solar 8%, Wind 18%. In an hour Solar will have gone to sleep for the next 15 to 16 hours and produce nothing. Winds 18% is not assured, if the night is calm, that could be down to 2% or 3%.
IT WILL BE EXTREMELY DANGEROUS TO GET TO A POINT WHERE WE RELY ONLY ON GENERATORS WHOSE PRODUCTION IS TOTALLY DRIVEN ON THE UNCERTAINTY OF THE WEATHER
We are up to 2,882 signatures, let’s increase it by many more, everyone’s future depends on it. Continue to spread the word, to all family, friends, anyone you meet, particularly discuss it with shop and business owners. Ask the question, “How do you plan to cope when the blackouts come? Are you thinking of buying a generator? I’m having second thoughts about the portable generator, but I have gas for cooking and heating. WE MUST KEEP THOSE COAL FIRED GENERATORS GOING, TO KEEP OUR SOCIETY FROM HAVING A BLACKOUT ATTACK!